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    Property profile & analytics

    708 Jefferson St New Castle, PA 16101-2178

    • Office buildings
    • 4,117 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Location Intelligence
    Property ID
    US73-3210360
    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

    • Lawrence County Eye Associates / Doctor / Ophthalmology Clinic
    • Lawrence County Family Medicine / Medical Clinic / Family Practice Physician
    • Bella Eric R OD / Optometrist
    • Edward Redovan / Ophthalmologist / Practitioner Service Location
    • Shawn Ashwin Lewis / Ophthalmologist

    Property Details for 708 Jefferson St

    Lot size
    0.49 lot acres
    Property size
    4,117 SF
    Zone code
    C-1
    Property type
    Office buildings
    APN
    01-051600
    APU
    1051600

    Description

    This exceptional Class A medical office building presents a compelling investment opportunity. Located at 708 N Jefferson St, New Castle, PA 16101, this stabilized property boasts a 10.03% cap rate and a substantial net operating income (NOI) of $168,000. The 13,704 square foot facility comprises two, two-story buildings situated on a 0.88-acre lot with ample parking (20 spaces per 1,000 sq ft). Currently 100% occupied under an absolute NNN lease, this single-tenant property offers significant long-term stability. The property features a mix of general office space, private offices, exam rooms, surgical operating rooms, and a recovery room, all meticulously maintained. Major renovations were completed in 2009, ensuring the building is in excellent condition. The property includes elevators in both buildings, a concrete foundation, membrane roof, stucco exterior, and modern interior finishes. With 138 feet of frontage on E Laurel Ave and 120 feet on N Jefferson St, and permitted C-1 zoning, this property offers significant potential. Built in 1966, this turnkey investment is ready for immediate ownership. An appraisal report is available upon request.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Lawrence
    State
    Pennsylvania
    Longitude
    -80.347
    Latitude
    41.0091
    CBSA code
    35260
    CBSA name
    NEW CASTLE, PA MICROPOLITAN 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
    2023
    $9,545
    $32,100
    $209,400
    $241,500
    -
    $32,100
    $209,400
    $241,500

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    708 Jefferson St
    New Castle, PA 16101-2178
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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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