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    Property profile & analytics

    637 Route 228 Mars, PA 16046

    • Investment properties
    • 528 SF
    • 6.97 lot acres
    For Lease
    View listing
    Value Estimation
    $105,000
    Last Sale
    Apr 22, 2022
    $100,000
    Location Intelligence
    Property ID
    US73-1264817
    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

    • Investment properties

    Property Details for 637 Route 228

    Year built
    1954
    Lot size
    6.97 lot acres
    Property size
    528 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    010 3F66 400000
    APU
    0103F66400000

    Description

    This exceptional 23,000 square foot single-tenant retail property is ideally situated at 637 Route 228 in Mars, Pennsylvania, within Butler County (zip code 16046). The entire building is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space. The property benefits from its location in a thriving commercial and residential area experiencing significant growth. The Route 228 corridor is experiencing robust development, fueled by proximity to Pittsburgh, a strong local economy, and excellent transportation links. This area is attracting businesses across various sectors, including retail, healthcare, and hospitality. Recent years have seen substantial investment in the Route 228 corridor, including new residential subdivisions and commercial developments such as shopping centers, restaurants, and office spaces. Further supporting this growth, the local government is actively investing in infrastructure improvements, such as road widening and utility upgrades. This property offers unparalleled potential for a business seeking a prominent location within a dynamic and expanding market. The property's size and location make it suitable for a wide range of retail uses.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mars
    County
    Butler
    State
    Pennsylvania
    Longitude
    -80.001
    Latitude
    40.6923
    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
    $5,692
    $5,270
    $36,310
    $41,580
    -
    $0.00
    $41,580
    $41,580

    Comparable in this City

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      $305,000
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      543 Beaver St Ext

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      View Details
    • Value Estimation
      $290,000
      2,738 SF

      108 Scharberry Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 2,738 SF
      108 Scharberry Ln, Mars, PA 16046-2430
      View Details
    • Value Estimation by Request
      8,050 SF

      907 Rte 228

      OFFICE/RESIDENTIAL (MIXED USE) • 8,050 SF
      907 Rte 228, Mars, PA 16046-2427
      View Details
    • Value Estimation
      $180,000
      1,248 SF

      507 Cherry St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,248 SF
      507 Cherry St, Mars, PA 16046-3417
      View Details
    • Value Estimation
      $290,000
      1,256 SF

      10 Mars Evans City Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,256 SF
      10 Mars Evans City Rd, Mars, PA 16046-7604
      View Details
    • Value Estimation
      $235,000
      1,440 SF

      105 Penn St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,440 SF
      105 Penn St, Mars, PA 16046-2740
      View Details

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    Similar Nearby for Lease

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      View Details
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    637 Route 228
    Mars, PA 16046
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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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