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

    720 Croton Ave New Castle, PA 16101-2554

    • Warehouses
    • 12,000 SF
    • 0.63 lot acres
    OFF-MARKET
    Last Sale
    Apr 22, 2022
    $356,700
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3459482
    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

    • Storage Rentals of America / Self-Storage Facility / Storage Facility

    Property Details for 720 Croton Ave

    Lot size
    0.63 lot acres
    Property size
    12,000 SF
    Zone code
    R
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    03-085600
    APU
    3085600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Lawrence
    State
    Pennsylvania
    Longitude
    -80.333
    Latitude
    41.0046
    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
    $9,790
    $35,200
    $210,800
    $246,000
    -
    $35,200
    $210,800
    $246,000

    Comparable in this City

    • Value Estimation by Request
      1,638 SF

      912 12th Pollock Ave

      MINI-WAREHOUSE, STORAGE • 1,638 SF
      912 12th Pollock Ave, New Castle, PA 16101-4569
      View Details
    • Value Estimation by Request
      3,468 SF

      211 Florence Ave

      MINI-WAREHOUSE, STORAGE • 3,468 SF
      211 Florence Ave, New Castle, PA 16101-4020
      View Details
    • Value Estimation by Request
      5,964 SF

      1244 Melrose Ave

      MINI-WAREHOUSE, STORAGE • 5,964 SF
      1244 Melrose Ave, New Castle, PA 16101-3060
      View Details
    • Value Estimation by Request
      2,500 SF

      1102 Sampson St

      MINI-WAREHOUSE, STORAGE • 2,500 SF
      1102 Sampson St, New Castle, PA 16101-8916
      View Details
    • Value Estimation by Request
      3,825 SF

      3926 Ellwood Rd

      MINI-WAREHOUSE, STORAGE • 3,825 SF
      3926 Ellwood Rd, New Castle, PA 16101
      View Details
    • Value Estimation by Request
      13,301 SF

      811 Sampson St

      MINI-WAREHOUSE, STORAGE • 13,301 SF
      811 Sampson St, New Castle, PA 16101-8909
      View Details

    Similar Nearby for Sale

    • $399,900

      Retail/Showroom with Warehouse Space

      5950 SF building with retail and warehouse space for sale.
      1236 E Washington St, New Castle, PA 16101
      View Details
    • New
      $145,000
      5,000 SF

      Functional Warehouse in Prime Location

      Well-equipped warehouse with ample parking and convenient highway access.
      712 S Mill St, New Castle, PA 16101
      View Details
    • $185,000
      0.39 Acres

      Executive Office Building, New Castle, PA

      Move-in ready office; 18 parking spaces.
      143 Wallace Ave, New Castle, PA 16101
      View Details
    • Contact for pricing
      3,499 SF

      Retail Space in New Castle

      Retail property on main thoroughfare with parking.
      305 N Jefferson St, New Castle, PA 16101
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Westgate Plaza

      Retail space available within a shopping center anchored by Sparkle Market.
      2090 W State St, New Castle, PA 16101
      View Details
    • $75,000
      753 SF

      Renovated Commercial Property on Mercer

      Updated commercial space with modern amenities and open floor plan.
      106 N Mercer St, New Castle, PA 16101
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      68,059 SF

      Giant Eagle Retail Space Available

      Lawrence County, Multiple Suites, 7,613 SF Vacant
      1710 New Butler Rd, New Castle, PA 16101
      View Details
    • $500 /Mo
      4,356 SF

      Updated Office Space in Riverplex

      Modern office space in downtown New Castle's Riverplex Complex.
      11 S Mill St, New Castle, PA 16101
      View Details
    • $2,300 /Mo

      Shenango Plaza Retail Space Available

      3500 sq ft retail space with high visibility.
      2630 Ellwood Rd, New Castle, PA 16101
      View Details
    • $3,500 /Mo

      Shenango Plaza Retail Space Available

      Prime commercial space in Shenango Plaza with high visibility.
      2640 Ellwood Rd, New Castle, PA 16101
      View Details
    • $500 /Mo
      Pending

      Updated Office Space in Riverplex

      Modern office space in the heart of Downtown New Castle.
      11 S Mill St, New Castle, PA 16101
      View Details
    • Contact for pricing
      40,000 SF

      Retail Opportunity in New Castle

      Up to 40,000 SF retail space for rent.
      100 S Jefferson St, New Castle, PA 16101
      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.
    720 Croton Ave
    New Castle, PA 16101-2554
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.