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Property profile & analytics
OFF-MARKET
Commercial land
3301 Shellers Bnd 900 State College, PA 16801-3068
Individually Owned
1-yr Hold
Free & Clear
Property ID
US73-4957447
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
APN
24-023-,589-,0000-
UPID
US73-4957447
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael J Murray · 1 yrs held
Michael J Murray
since 2024
Last sale
$360,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 State College submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs State College 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Applied tax rate
24.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
APN
24-023-,589-,0000-
UPID
US73-4957447
Jurisdiction
CENTRE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Michael J Murray
Individual
Free & Clear · 1 yrs held
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2024
$360,000
Michael J Murray
Janet E Fine
Deed
—
Jan 5, 2021
$295,000
Robert W Hysert
Donald P Danner
Deed
—
Feb 18, 2020
$185,000
Hb3 Alternative Holdings LLC
Robert I Forbes
Sheriffs Deed
related
—
Oct 24, 2018
$270,000
Marita Gabrleian
Bradley A Ishler
Warranty Deed
—
Feb 28, 2018
$256,500
Mark Suchanec
Seyed Mohammad Fatemi Badi
Special Warranty Deed
$205,200 · Cbc National Bank
Feb 9, 2018
$273,500
Kenneth C Weirman
William S Hoy
Deed
—
May 16, 2017
$240,000
E Andrew Polley
Walter I King
Deed
—
Jan 31, 2017
$248,000
Amado B Lugue
June I Gamble
Deed
—
Dec 29, 2016
$240,000
Linda R Donohoe
James Lee Harpster
Deed
—
Nov 29, 2016
$247,000
John Beckwith
Karin Mintz Pighetti
Deed
—
Jun 22, 2016
—
Karin Mintz Pighetti
Karin Mintz Pighetti
Intrafamily Transfer
related
—
Dec 7, 2015
$222,000
Gary D Palanjian
Pamela R Wild
Warranty Deed
$166,500 · Stearns Lending LLC
Nov 30, 2015
$250,000
Barbara B Hackenberry
Jeffrey G Moyer
Deed
—
Mar 3, 2015
—
Jane C Charlton
Mary Lou Charlton Revocable Trust
Intrafamily Transfer
related
—
Mar 2, 2015
$267,000
William S Hoy
Karen E Curtis
Executors Deed
$240,300 · Stearns Lending LLC
Feb 26, 2015
$219,900
John T Eakin
Louis B Cracco
Deed
$164,925 · Ameriserv Financial Bank
Aug 18, 2014
$245,000
Mary C Saylor
R Kevin Briscoe
Deed
$100,000 · First National Bank Of Pennsylvania
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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