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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Warehouses
3041 New Butler Rd New Castle, PA 16101
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-4390383
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Total area
12,000 SF
Lot
4 ac (174,240 SF)
Zoning code
C/2
APN
31-072000
UPID
US73-4390383
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Storage Rentals of America Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$739k
Blend (final)
Blend
$560k
Owner & transaction history
Five Star It Penn Ohio LLC · 4 yrs held
Five Star It Penn Ohio LLC
since 2022
Last sale
$559,410
5 recorded transactions
Zoning & alternative use
C/2 · New Castle, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$685,000
+23.4%
Retail stores
$580,000
+5.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Castle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Castle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$570,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$555,000
Current use
COMMERCIAL (GENERAL)
$685,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$580,000
Change: +5% · Conversion: Moderate
OFFICE BUILDING
$510,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $559k (Apr 20 2022)
Last sale anchor
$559k
Apr 20 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$47 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,408
Tax year 2023
Assessed value
$385,800
Assessed 2024
Previous assessed
$385,800
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$62,000
Assessed improvement
$323,800
Land market value
$62,000
Improvement market value
$323,800
Total market value
$385,800
Applied tax rate
31.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Stories
1
Total area
12,000 SF
Lot
4 ac (174,240 SF)
Zoning code
C/2
APN
31-072000
UPID
US73-4390383
Jurisdiction
LAWRENCE
Zoning & alternative use
C/2 · New Castle, PA
Zoning C/2 · permitted uses
C/2 · New Castle, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Castle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$685,000
RETAIL STORES
Est. value
$580,000
OFFICE BUILDING
Est. value
$510,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Stories
1
Lot
4 ac
Current owner
From public records · entity-resolved
Five Star It Penn Ohio LLC
Entity
Mailing address
2751 S DIXIE HWY #450, WEST PALM BEACH, FL 33405-1233
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2023
—
Sroa 3041 New Butler Pa LLC
—
Deed
related
$106,500,000 · Tiaa Fsb Holdings INC
Apr 20, 2022
$559,410
Five Star It Penn Ohio LLC
Osm Holdings LLC
Special Warranty Deed
$330,848 · Goldman Sachs Bank USA
Apr 30, 2021
—
Five Star Store It Penn Ohio LLC
—
Deed
related
$25,000 · Tristate Capital Bank
Sep 28, 2017
$717,444
Five Star Store It Penn Ohio LLC
Schutte Real Estate Co LLC
Deed
—
Dec 12, 2012
—
Schutte Real Estate Co LLC
Schutte,charles J
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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