Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    930 Cass St New Castle, PA 16101-5241
    Property profile & analytics

    930 Cass St, New Castle, PA 16101-5241

    View on Map
    • Office buildings
    • 174,393 SF
    • 24.30 lot acres
    Off-Market
    Last Sale Apr 5, 2022
    $4,200,000
    Property ID
    US73-3261387
    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
    $4,205,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bruce & Merrilees / Electrical Service / General Contractor
    • ADAMS MANUFACTURING CORP / Warehouse & Storage
    • Mom's Wholesale Foods, Inc. / Department Store
    • Jacobs Telecommunications Inc / Telecommunications Service
    • Federal Assurance Corporation / Loan Service

    Property Details for 930 Cass St

    Lot size
    24.30 lot acres
    Zone code
    C/1
    Property type
    Office buildings
    APN
    31-204700
    APU
    31204700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 5, 2022 $4,200,000 930 Cass Street LLC R J And G L Bruce Properties LP Special Warranty Deed $1.5M · First National Bank Of Pennsylvania
    Apr 5, 2022 — 930 Cass Street LLC — Deed · related $650k · Lawrence County Economic Developmetn Cop
    Dec 21, 2015 $2,790 Opal Real Estate LP R J & G L Bruce Props LP Grant Deed · related —
    — — Bruce R J Props — Loan Modification · related $1M · Huntington National Bank
    — — R J Properties — Deed Of Trust · related $1M · Sky Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,265,000
      ML approach
      $4,150,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,243,000
      Market price range: $3.24M - $13.8M

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

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Lawrence
    State
    Pennsylvania
    Longitude
    -80.3163
    Latitude
    40.98
    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
    $34,402
    $336,600
    $938,600
    $1,275,200
    -
    $336,600
    $938,600
    $1,275,200

    Comparable in this City

    • Value Estimation by Request
      12,600 SF

      119 Washington St

      OFFICE BUILDING
      119 Washington St, New Castle, PA 16101-3707
      View Details
    • Value Estimation by Request
      424 SF

      357 Washington St

      OFFICE BUILDING
      357 Washington St, New Castle, PA 16101
      View Details
    • Value Estimation by Request
      1,161 SF

      18 Grant St

      OFFICE BUILDING
      18 Grant St, New Castle, PA 16101
      View Details
    • Value Estimation
      $795,000
      6,564 SF

      1813 State St

      OFFICE BUILDING
      1813 State St, New Castle, PA 16101-1261
      View Details
    • Value Estimation by Request
      5,180 SF

      343 Washington St

      OFFICE BUILDING
      343 Washington St, New Castle, PA 16101-4049
      View Details
    • Value Estimation by Request
      4,320 SF

      25 Washington St

      OFFICE BUILDING
      25 Washington St, New Castle, PA 16101
      View Details

    Similar Nearby for Sale

    • $299,999
      0.28 Acres

      Versatile Commercial Building, High Visibility

      Highly visible commercial building with flexible layout and parking.
      229 N Jefferson St, New Castle, PA 16101
      View Details
    • Contact for pricing
      Pending

      Updated Brick Office Building

      Move-in ready office building with recent updates and ample parking.
      143 E Wallace Ave, New Castle, PA 16101
      View Details
    • $1,500,000

      Office/Retail Properties Near New Castle

      Multi-tenant properties with medical, professional, and service-oriented tenants.
      1429 New Butler Rd, New Castle, PA 16101
      View Details
    • $169,900
      0.06 Acres

      Renovated Commercial Space in New Castle

      Turnkey commercial space with high visibility and modern updates.
      107 E North St, New Castle, PA 16101
      View Details
    • $79,900
      0.02 Acres

      Updated Commercial Space, High Visibility

      Updated commercial space in downtown location, ready for occupancy.
      106 N Mercer St, New Castle, PA 16101
      View Details
    • Contact for pricing
      6,800 SF

      Fully Leased Industrial Property

      6,800 SF industrial property with stable income in New Castle.
      905 Sampson St, New Castle, PA 16101
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      462,172 SF

      Shenango Twp Office Space

      Commercial space with high visibility and ample parking.
      2640 Ellwood Rd, New Castle, PA 16101
      View Details
    • $1,500 /Mo
      69,696 SF

      Adaptable Commercial Space Available

      Flexible commercial space suitable for various business types.
      2 E Moody Ave, New Castle, PA 16101
      View Details
    • $1,650 /Mo
      462,172 SF

      Shenango Twp Office Space For Rent

      Commercial space with high visibility and ample parking.
      2626 Ellwood Rd, New Castle, PA 16101
      View Details
    • Contact for pricing

      Corner Office Space For Rent

      Prime corner office space with abundant natural light available for lease.
      19 E Washington St, 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

      Retail and Office Spaces Available

      Retail and office spaces available for rent.
      2650-2658 Ellwood Rd, 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.
    930 Cass St
    New Castle, PA 16101-5241
    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

    Thank You for Inquiry
    930 Cass St, New Castle, PA, 16101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!