Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    847 Midland Ave Midland, PA 15059

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    847 Midland Ave Midland, PA 15059

    View on Map
    • Retail space
    • 7,076 SF
    • 0.46 lot acres
    For Sale
    $660,000
    View Listing →
    Retail Property on Midland Avenue For Sale
    $660,000
    7,076 SF

    Retail Property on Midland Avenue

    7,076 SF retail property on 0.5 AC for sale.

    847 Midland Ave, Midland, PA
    View Listing
    Property ID
    US73-3491149
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • LibertyX Bitcoin ATM / Atm
    • Rite Aid / Pharmacy
    • higi / Physician
    • Coinhub Bitcoin ATM Teller / Atm
    • Rite Aid Pharmacy / Pharmacy

    Property Details for 847 Midland Ave

    Year built
    1990
    Construction
    FRAME
    Lot size
    0.46 lot acres
    Property size
    7,076 SF
    Property type
    Retail space
    APN
    33-007-0207.000
    APU
    330070207000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $641,000
      Market price range: $198k - $641k
      AI Estimate
      $674,000
      Market price range: $226k - $674k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $510,000
      AUTO REPAIR, GARAGE
      $470,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Beaver
    State
    Pennsylvania
    Longitude
    -80.4516
    Latitude
    40.6363
    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
    $14,887
    $22,600
    $320,250
    $342,850
    -
    $45,200
    $640,500
    $685,700

    Comparable in this City

    • Value Estimation by Request
      1,590 SF

      21 7th St

      RETAIL STORES (PERSONAL SERVICES) • 1,590 SF
      21 7th St, Midland, PA 15059-1452
      View Details
    • Value Estimation by Request
      2,880 SF

      712 Midland Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,880 SF
      712 Midland Ave, Midland, PA 15059-1412
      View Details
    • Value Estimation by Request
      2,040 SF

      641 Midland Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,040 SF
      641 Midland Ave, Midland, PA 15059-1409
      View Details
    • Value Estimation by Request
      5,520 SF

      520 Midland Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,520 SF
      520 Midland Ave, Midland, PA 15059-1313
      View Details
    • Value Estimation
      $550,000
      7,000 SF

      45 8th St

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      45 8th St, Midland, PA 15059-1459
      View Details
    • Value Estimation by Request
      3,240 SF

      17 7th St

      RETAIL STORES (PERSONAL SERVICES) • 3,240 SF
      17 7th St, Midland, PA 15059-1452
      View Details

    Similar Nearby for Sale

    • $49,988
      0.07 Acres

      Commercial Building in Midland Boro

      Centrally located commercial building with integral garage and open floor plan.
      226 Midland Ave, Midland, PA 15059
      View Details
    • $227,000
      0.73 Acres

      Midland Avenue Retail Development Site

      High-traffic corner lot, prime retail opportunity.
      469 Midland Ave, Midland, PA 15059
      View Details
    • Contact for pricing
      7,076 SF

      Retail Property on Midland Avenue

      7,076 SF retail property on 0.5 AC for sale.
      847 Midland Ave, Midland, PA 15059
      View Details
    • Contact for pricing

      Storefront with Residential Income Potential

      Large storefront with storage and residential income potential.
      620 Midland Ave, Midland, PA 15059
      View Details
    • $49,988

      Commercial Land Available

      Commercial land for sale in Midland, Pennsylvania.
      226 Midland Ave, Midland, PA 15059
      View Details
    • $65,000

      Side-by-Side Duplex Investment Opportunity

      Duplex with income potential, convenient location.
      110-112 Midland Ave, Midland, PA 15059
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Midland Commercial Space Available

      Commercial space for lease in Downtown Midland with parking.
      820 Midland Ave, Midland, PA 15059
      View Details
    • Contact for pricing

      Retail/Office Space in Midland

      First floor retail or office space for lease.
      723 Midland Ave, Midland, PA 15059
      View Details
    View Listing
    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.
    847 Midland Ave
    Midland, PA 15059
    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.
    Sign Up Successful!
    You now have access to more from Realmo!