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443 State Ave Beaver, PA 15009-1534

OFF-MARKET Retail space Google Maps
2,415 SF 0.17 ac lot Built 1950
Trust Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$680k
Range $612k – $748k (±10%)
Property ID US73-0856124

Property summary

AI-generated overview

This fee-simple medical office building presents a compelling investment opportunity. Located at 443 State Ave, Beaver, PA 15009, this Class B property offers 2,415 square feet of space currently leased to MyEyeDr., a national operator with over 800 locations. The building, constructed in 1950, benefits from a net lease structure with a gross lease type and a single tenant occupancy. The current lease has 4.6 years remaining, with a 3% rent bump at the option period. The asking price is $429,678, representing a price per square foot of $177.92 and a current cap rate of 8.50%. The property's APN is 54-006-0713.001. This investment offers a strong return on investment, particularly given the tenant's demonstrated commitment to the location through lease extension and the inherent stability of the medical office sector. The property is not subject to a ground lease. This is a rare opportunity to acquire a high-yielding asset in a stable market. The optometry market is projected to continue strong growth. This property is e-commerce resistant, providing a hedge against economic downturns.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction BRICK
Total area 2,415 SF
Lot 0.17 ac (7,405 SF)
APN 54-006-0713.001
UPID US73-0856124

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Ophthalmologist (Bike/Boat/Book/etc) Store
  • Physician
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$680k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$680k

Owner & transaction history

since 2024
Last sale
$680,000
6 recorded transactions
2024
$680,000
2017
Price N/A
2005
$150,000
2005
$150,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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