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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Gas stations
502 Main St Ford City, PA 16226-1545
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US73-1560762
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1965
Total area
5,056 SF
Lot
0.62 ac (27,000 SF)
APN
29-0-021245
UPID
US73-1560762
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
-
Ford city smoke and vape (Bike/Boat/Book/etc) Store
-
New House of Hunan Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
OLIVER DEVELOPMENT CORPORATION
OLIVER DEVELOPMENT CORPORATION
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Ford City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ford City 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
SERVICE STATION (FULL SERVICE)
$635,000
Current use
RETAIL STORES
$605,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$131 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$12,505
Tax year 2024
Assessed value
$148,960
Assessed 2024
Previous assessed
$148,960
+0.0% YoY
Effective rate
8.39%
On assessed value
Assessed land
$78,540
Assessed improvement
$70,420
Land market value
$224,410
Improvement market value
$201,190
Total market value
$425,600
Applied tax rate
29.0000
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Total area
5,056 SF
Lot
0.62 ac (27,000 SF)
APN
29-0-021245
UPID
US73-1560762
Jurisdiction
ARMSTRONG
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
SERVICE STATION (FULL SERVICE) Current
Est. value
$635,000
RETAIL STORES
Est. value
$605,000
SERVICE STATION (FULL SERVICE) Current
RETAIL STORES
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
1965
Heating
NONE
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
OLIVER DEVELOPMENT CORPORATION
Individual
Mailing address
464 LINCOLN HWY W, JEANNETTE, PA 15644-3027
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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