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Property profile & analytics
FOR LEASE
Retail space
406 E Main St Corry, PA 16407
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-0047918
For Lease
1 / 36
$760,000 SF/Yr
406 E Main St, Corry, PA 16407
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
FRAME
Total area
8,160 SF
Lot
0.65 ac (28,135 SF)
Zoning code
R2
APN
05-028-181.0-001.00
UPID
US73-0047918
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
-
Western Union Bank Credit Union
-
Dollar General Grocery & Convenience Store Food Market
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$895k
Blend (final)
Blend
$850k
Owner & transaction history
Kinaia Family LLC · 1 yrs held
Kinaia Family LLC
since 2024
5 recorded transactions
Zoning & alternative use
R2 · Corry, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$720,000
+23.0%
Office building
$620,000
+6.1%
Restaurant
$600,000
+2.4%
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 Corry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corry 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$585,000
Current use
APARTMENT HOUSE (5+ UNITS)
$720,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: +6% · Conversion: Easy
RESTAURANT
$600,000
Change: +2% · Conversion: Easy
AUTO REPAIR, GARAGE
$575,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10%
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
$104 / 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
$12,246
Tax year 2023
Assessed value
$379,900
Assessed 2024
Previous assessed
$379,900
+0.0% YoY
Effective rate
3.22%
On assessed value
Assessed land
$28,100
Assessed improvement
$351,800
Land market value
$28,100
Improvement market value
$351,800
Total market value
$379,900
Applied tax rate
5.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2004
Construction
FRAME
Heating
NONE
Stories
1
Total area
8,160 SF
Lot
0.65 ac (28,135 SF)
Zoning code
R2
APN
05-028-181.0-001.00
UPID
US73-0047918
Jurisdiction
ERIE
Zoning & alternative use
R2 · Corry, PA
Zoning R2 · permitted uses
R2 · Corry, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corry. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$585,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$720,000
OFFICE BUILDING
Est. value
$620,000
RESTAURANT
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$575,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
Year built
2004
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Kinaia Family LLC
Entity
Mailing address
2500 WESTMONT CIR, STERLING HEIGHTS, MI 48310-6986
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
—
Kinaia Family LLC
Kinaia Family LLC
Deed
related
$425,000 · Team One Cu
Mar 7, 2014
$450,000
Kinaia Family LLC
Edwards Mark & T Trust
Grant Deed
—
Apr 6, 2006
$665,000
Edwards Mark & Tamara Trust
Dot Corry Pa LLC
Grant Deed
—
Apr 29, 2004
—
Dot Corry Pa LLC
—
Trustees Deed
related
$400,000 · First National Bank Pa
Mar 30, 2004
$27,500
Dot Corry Pa LLC
Frisina,angelo R
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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