Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    397 Benner Pike State College, PA 16801-7304

    • Turn key restaurants
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4439020
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Taco Bell / Taco Restaurant / Tex-Mex Restaurant

    Property Details for 397 Benner Pike

    Property type
    Turn key restaurants
    APN
    19-002B,098-,;002-
    APU
    19002B098002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.8045
    Latitude
    40.8322
    CBSA code
    44300
    CBSA name
    STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,453
    $0.00
    $202,180
    $202,180
    -
    $0.00
    $404,360
    $404,360

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      132 College Ave

      RESTAURANT • 0.12 Acres
      132 College Ave, State College, PA 16801-3838
      View Details
    • Value Estimation by Request
      0.37 Acres

      215 Atherton St

      RESTAURANT • 0.37 Acres
      215 Atherton St, State College, PA 16801-4002
      View Details
    • Value Estimation by Request
      2.95 Acres

      418 Westerly Pkwy

      RESTAURANT • 2.95 Acres
      418 Westerly Pkwy, State College, PA 16801-5903
      View Details
    • Value Estimation by Request
      0.02 Acres

      222 Beaver Ave

      RESTAURANT • 0.02 Acres
      222 Beaver Ave, State College, PA 16801-4835
      View Details
    • Value Estimation by Request

      402 Calder Way

      RESTAURANT
      402 Calder Way, State College, PA 16801-5666
      View Details
    • Value Estimation by Request

      1880 Atherton St

      RESTAURANT
      1880 Atherton St, State College, PA 16801-7649
      View Details

    Similar Nearby for Sale

    • $21,000,000
      44.20 Acres

      State College Commercial Land - 44 Acres

      Prime West End location, mixed-use potential, $21M
      2181 Whitehall Rd, State College, PA 16801
      View Details
    • $249,900
      1,250 SF

      State College Office/Retail Space

      Renovated showroom/office space with high traffic and ample parking.
      2123 E College Ave, State College, PA 16801
      View Details
    • $315,000
      5,000 SF

      College Avenue Office Park Investment

      State College Office/Retail Space. Excellent Location.
      2123 College Ave, State College, PA 16801
      View Details
    • Contact for pricing

      Retail Space Available For Sale

      Retail property with 10,202 square feet available for sale.
      2268 East College Ave, State College, PA 16801
      View Details
    • $1,900,000
      7.08 Acres

      Prime Commercial Land on College

      7 acre commercial tract with high redevelopment potential on College.
      3416 W College Ave, State College, PA 16801
      View Details
    • $899,000
      3,034 SF

      State College Investment Opportunity

      Two fully rented duplexes on 1.17 acres near Penn State.
      824-832 Elmwood St, State College, PA 16801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,311 SF

      Retail and Restaurant Space Available

      Ground floor retail and restaurant space near Penn State.
      338 West College Ave, State College, PA 16801
      View Details
    • Contact for pricing
      3,865 SF

      Restaurant Space with Outdoor Patio

      Sublease opportunity: restaurant space with outdoor seating and visibility.
      226 W College Ave, State College, PA 16801
      View Details
    • $25 SF/Yr
      20,000 SF

      Orchard Square Retail Center

      State College retail space available. High traffic location.
      3283 College Ave, State College, PA 16801
      View Details
    • $25 SF/Yr
      529,922 SF

      State College Office Space

      Downtown State College office space, 1,255-17,143 sq ft.
      131 Hiester St, State College, PA 16801
      View Details
    • Contact for pricing
      595 SF

      Enclosed Mall Retail Space

      Retail space in enclosed shopping mall near Penn State.
      2901-2999 E College Ave, State College, PA 16801
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space Near Penn State

      Retail space anchored by Walmart near Penn State University.
      1617 N Atherton St, State College, PA 16801
      View Details

    Property Visit Statistics

    • Visits by month
      17.1k
    • Visitors by month
      13.0k
    • Avg Time on site
      18 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    397 Benner Pike
    State College, PA 16801-7304
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.