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    Property profile & analytics

    501 Allegheny Riv Blvd Verona, PA 15147-1034

    • Retail space
    • 0.54 lot acres
    OFF-MARKET
    Value Estimation
    $240,000
    Last Sale
    Dec 31, 2024
    $294,000
    Location Intelligence
    Property ID
    US73-2566625
    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

    • Unitary Auto Sales / Used Car Dealer

    Property Details for 501 Allegheny Riv Blvd

    Lot size
    0.54 lot acres
    Property type
    Retail space
    APN
    365-B-178
    APU
    365B178

    Description

    This exceptional retail property, located at 501 Allegheny River Blvd in Verona, Pennsylvania, presents a compelling investment opportunity. The 2,300 square foot building, situated on a half-acre lot (23,622 sq ft), is currently 100% occupied, with the lease expiring May 31, 2024. Originally constructed in 1975 and renovated in 2005, this Class B building features a single unit with an open bay area, office space, showroom, and an 8-foot overhead door, making it suitable for a variety of uses including auto shops, quick-service restaurants, or storefronts. The property boasts excellent visibility and convenient access, situated in a high-traffic area. All public utilities are available. The asking price is $359,000, translating to $156.09 per square foot. This property offers significant potential for owner-users seeking a versatile space in a thriving market, serving a demographic of 152,000 people within a 5-mile radius. The Allegheny County location, with APN 0365-B-00178-0000-00, provides easy ingress and egress, maximizing exposure for any business. This is a rare opportunity to acquire a well-maintained, strategically located retail building in a high-demand area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $170,000
      6.5%
      $180,000
      7%
      $190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $215,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $160,000
      Retail
      $170,000
      Mixed-Use
      $175,000
      Hospitality
      $155,000
      Educational
      $160,000
      Residential Income
      $180,000
      Energy
      $205,000
      Income-Based Land
      $190,000
      Food Service
      $190,000

    Location Insight

    • Map
    • Local Demand
    City
    Verona
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.843
    Latitude
    40.5017
    CBSA code
    38300
    CBSA name
    PITTSBURGH, 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
    $9,027
    $75,500
    $140,600
    $216,100
    -
    $75,500
    $140,600
    $216,100

    Comparable in this City

    • Value Estimation
      $175,000
      0.06 Acres

      743 Allegheny Riv Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.06 Acres
      743 Allegheny Riv Blvd, Verona, PA 15147-1301
      View Details
    • Value Estimation
      $235,000
      0.17 Acres

      730 Allegheny Riv Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.17 Acres
      730 Allegheny Riv Blvd, Verona, PA 15147-1302
      View Details
    • Value Estimation
      $285,000
      2.96 Acres

      Milltown Rd

      RETAIL STORES (PERSONAL SERVICES) • 2.96 Acres
      Milltown Rd, Verona, PA 15147
      View Details
    • Value Estimation
      $255,000
      0.11 Acres

      5527 Verona Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.11 Acres
      5527 Verona Rd, Verona, PA 15147-3119
      View Details
    • Value Estimation by Request
      0.05 Acres

      745 Allegheny Riv Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.05 Acres
      745 Allegheny Riv Blvd, Verona, PA 15147-1301
      View Details
    • Value Estimation
      $205,000
      0.11 Acres

      729-731 Allegheny Riv Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.11 Acres
      729-731 Allegheny Riv Blvd, Verona, PA 15147
      View Details

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    Similar Nearby for Lease

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      Verona Retail Space Available

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    • Contact for pricing
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    • $795 /Mo

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    Verona, PA 15147-1034
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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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