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

    502 Main St Ford City, PA 16226-1545

    • Gas stations
    • 5,056 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1560762
    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

    • Ford city smoke and vape / Smoke Shop
    • New House of Hunan / Chinese Restaurant

    Property Details for 502 Main St

    Year built
    1965
    Lot size
    0.62 lot acres
    Property size
    5,056 SF
    Property type
    Gas stations
    APN
    29-0-021245
    APU
    290021245

    Description

    This prime Ford City, PA retail center offers a compelling investment opportunity. The 4,800 square foot, Class A shopping center boasts a stabilized investment profile with a current NOI of $48,661 and a pro-forma NOI of $78,661, translating to an 8.25% cap rate and a pro-forma cap rate of 13.33%. Currently 70% occupied by a credit-rated Subway tenant under a triple-net lease with seven years remaining, the property presents significant upside potential. The single-story building, constructed in 1990, sits on a 0.4-acre lot with 15 parking spaces and is zoned for commercial use. Located at 502 Main St, the property benefits from high visibility on Business Route 66, featuring approximately 145 feet of frontage at a signalized intersection across from a Sheetz convenience store. The property is comprised of four units and offers potential for expansion with the option to purchase three adjacent houses for an additional $375,000. The asking price is $590,000, with a price per square foot of $122.92. All information is believed to be accurate but should be independently verified.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $635,000
      Current use
      RETAIL STORES
      $605,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ford City
    County
    Armstrong
    State
    Pennsylvania
    Longitude
    -79.5273
    Latitude
    40.7644
    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
    $12,505
    $78,540
    $70,420
    $148,960
    -
    $224,410
    $201,190
    $425,600

    Comparable in this City

    • Value Estimation by Request
      1,247 SF

      1601-1607 5th Ave

      SERVICE STATION (FULL SERVICE) • 1,247 SF
      1601-1607 5th Ave, Ford City, PA 16226
      View Details
    • Value Estimation by Request
      2,622 SF

      347 Main St

      SERVICE STATION (FULL SERVICE) • 2,622 SF
      347 Main St, Ford City, PA 16226-1635
      View Details
    • Value Estimation by Request
      889 SF

      13499 State Rte 422

      SERVICE STATION (FULL SERVICE) • 889 SF
      13499 State Rte 422, Ford City, PA 16226
      View Details
    • Value Estimation by Request
      3,584 SF

      838 4th Ave

      SERVICE STATION (FULL SERVICE) • 3,584 SF
      838 4th Ave, Ford City, PA 16226-1105
      View Details
    • Value Estimation
      $520,000
      7,519 SF

      346 Main St

      VEHICLE SALES, RENTALS • 7,519 SF
      346 Main St, Ford City, PA 16226-1612
      View Details
    • Value Estimation by Request
      1,200 SF

      273 Shearer Rd

      AUTO REPAIR, GARAGE • 1,200 SF
      273 Shearer Rd, Ford City, PA 16226-3837
      View Details

    Similar Nearby for Sale

    • $349,000
      8,056 SF

      Ford City Restaurant & Warehouse

      Prime Restaurant Space, Ample Storage
      900 5Th Ave, Ford City, PA 16226
      View Details
    • $89,000
      0.05 Acres

      Ford City Mixed-Use Opportunity

      Storefront with long-term tenant and residential apartments for renovation.
      421 9Th St, Ford City, PA 16226
      View Details
    • $99,000

      Versatile Property with Restaurant Potential

      Former cafe with equipment, office/apartment potential, high-traffic location.
      1841 State Route 66, Ford City, PA 16226
      View Details
    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.
    502 Main St
    Ford City, PA 16226-1545
    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.