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Property profile & analytics
OFF-MARKET
Manufacturing properties
898 Commerce Ave New Castle, PA 16101-7604
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-4360639
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Lot
17.07 ac (743,569 SF)
Zoning code
IP
APN
31-145007
UPID
US73-4360639
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
-
Gardner Steel Corporation Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pickel Properties LLC · 5 yrs held
Pickel Properties LLC
since 2020
Last sale
$320,000
7 recorded transactions
Zoning & alternative use
IP · New Castle, PA
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 New Castle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Castle 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$27,242
Tax year 2023
Assessed value
$1,009,800
Assessed 2024
Previous assessed
$1,009,800
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$140,400
Assessed improvement
$869,400
Land market value
$140,400
Improvement market value
$869,400
Total market value
$1,009,800
Applied tax rate
31.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Heating
NONE
Lot
17.07 ac (743,569 SF)
Zoning code
IP
APN
31-145007
UPID
US73-4360639
Jurisdiction
LAWRENCE
Zoning & alternative use
IP · New Castle, PA
Zoning IP · permitted uses
IP · New Castle, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Castle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
17.07 ac
Current owner
From public records · entity-resolved
Pickel Properties LLC
Entity
Mailing address
898 COMMERCE AVE, NEW CASTLE, PA 16101-7604
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
—
Pickel Properties LLC
—
Deed
related
$1,199,223 · The Huntington National Bank
Oct 29, 2020
$320,000
Pickel Properties LLC
Pd Acquistion Corp
Deed
$160,000 · The Huntington National Bank
Sep 22, 2020
$1,150,000
Pickel Properties LLC
Pd Acquistion Corp
Deed
$1,310,000 · The Huntington National Bank
Feb 13, 2014
$280,000
Pd Acquisition Corp
Industrial Asset Pool LLC
Grant Deed
—
Jul 9, 2009
$4,100,000
Industrial Asset Pool LLC
Spirit Master Funding III LLC
Grant Deed
related
—
Jan 5, 2007
$5,621,420
Spirit Master Funding III LLC
Atlas Real Estate New Castle LLC
Special Warranty Deed
$5,650,000 · Citibank NA
Apr 4, 2006
$4,200,000
Atlas Real Est New Castle LLC
Shenango Development Group
Grant Deed
related
—
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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