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    Property profile & analytics

    40 State St Albion, PA 16401-1052

    • Warehouses
    • 1,600 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimation
    $120,000
    Last Sale
    Sep 23, 2022
    $133,700
    Location Intelligence
    Property ID
    US73-5529442
    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

    • Bob's Garage / Auto Repair Shop
    • Stiles Garage / Auto Repair Shop

    Property Details for 40 State St

    Year built
    1965
    Construction
    FRAME
    Lot size
    0.65 lot acres
    Property size
    1,600 SF
    Zone code
    T
    Property type
    Warehouses
    APN
    01-005-045.0-004.00
    APU
    1005045000400

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albion
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.3681
    Latitude
    41.8905
    CBSA code
    21500
    CBSA name
    ERIE, 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
    2023
    $2,337
    $28,200
    $70,000
    $98,200
    -
    $28,200
    $70,000
    $98,200

    Comparable in this City

    • Value Estimation by Request
      8,280 SF

      149 Main St

      WAREHOUSE, STORAGE • 8,280 SF
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      4,636 SF

      11027 Knapp Rd

      WAREHOUSE, STORAGE • 4,636 SF
      11027 Knapp Rd, Albion, PA 16401-9730
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    • Value Estimation by Request
      1,382 SF

      10296 Rte 18

      WAREHOUSE, STORAGE • 1,382 SF
      10296 Rte 18, Albion, PA 16401-9454
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    • Value Estimation by Request
      2,578 SF

      16 Market St

      WAREHOUSE, STORAGE • 2,578 SF
      16 Market St, Albion, PA 16401-1117
      View Details
    • Value Estimation
      $295,000
      11,408 SF

      21 Euclid St

      WAREHOUSE, STORAGE • 11,408 SF
      21 Euclid St, Albion, PA 16401-1252
      View Details
    • Value Estimation
      $380,000
      3,792 SF

      9901 Rte 6n

      WAREHOUSE, STORAGE • 3,792 SF
      9901 Rte 6n, Albion, PA 16401-8621
      View Details

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    40 State St
    Albion, PA 16401-1052
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    Realmo Value Estimation

    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.

    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.

    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
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