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Property profile & analytics
OFF-MARKET
Estimated value
$10,900,000
Outlet malls
961 Columbus Ave Corry, PA 16407-9163
Entity Owned
Free & Clear
Property ID
US73-1812056
Property summary
AI-generated overview
This exceptional 1.05-acre commercial land parcel presents a unique investment opportunity in Corry, Pennsylvania. Situated on East Columbus Avenue (US Route 6), the property boasts approximately 327 feet of frontage and benefits from a signalized intersection at Shamrock Lane, ensuring high visibility and convenient access. Its strategic location offers a 5-minute drive to Corry's central business district, placing it within easy reach of the city's amenities and workforce. The property's proximity to Corry Memorial Hospital and the Enterprise Place manufacturing facility further enhances its appeal, providing a strong potential customer base. The site's key advantage is its location directly adjacent to a Walmart, the only national grocery chain in the immediate area, guaranteeing significant foot traffic and brand recognition. The property is zoned BT - Business Transitional, offering flexibility for a variety of commercial uses. The APN is CY-002-841100. This prime location, combined with its size and accessibility, makes this land parcel an ideal site for a variety of commercial developments. Serious inquiries are encouraged.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2002
Construction
FRAME
Total area
111,300 SF
Lot
11.84 ac (515,663 SF)
Zoning code
C2
APN
06-006-013.0-009.00
UPID
US73-1812056
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
-
Walmart Tech Services Tech Support Center (Bike/Boat/Book/etc) Store
-
Walmart Bakery Bakery Specialty Food Shop
-
Walmart Pet Services Kennel & Boarding Facility
-
Ria Money Transfer - Walmart Bank Credit Union
-
Walmart Money Center Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.20M
Blend (final)
Blend
$10.90M
Owner & transaction history
WAL-MART REAL EST BUSINESS TRUST
WAL-MART REAL EST BUSINESS TRUST
Zoning & alternative use
C2 · Corry, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.8M
+23.0%
Office building
$8.5M
+6.1%
Restaurant
$8.2M
+2.4%
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 Corry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corry 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,975,000
Current use
APARTMENT HOUSE (5+ UNITS)
$9,815,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$8,465,000
Change: +6% · Conversion: Easy
RESTAURANT
$8,170,000
Change: +2% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,875,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$10.90M
Range $9.81M – $11.99M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
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
$143,561
Tax year 2023
Assessed value
$4,453,700
Assessed 2024
Previous assessed
$4,453,700
+0.0% YoY
Effective rate
3.22%
On assessed value
Assessed land
$300,200
Assessed improvement
$4,153,500
Land market value
$300,200
Improvement market value
$4,153,500
Total market value
$4,453,700
Applied tax rate
6.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
NONE
Stories
1
Total area
111,300 SF
Lot
11.84 ac (515,663 SF)
Zoning code
C2
APN
06-006-013.0-009.00
UPID
US73-1812056
Jurisdiction
ERIE
Zoning & alternative use
C2 · Corry, PA
Zoning C2 · permitted uses
C2 · Corry, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corry. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.8M
OFFICE BUILDING
Est. value
$8.5M
RESTAURANT
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$7.9M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
FRAME
Heating
NONE
Stories
1
Lot
11.84 ac
Current owner
From public records · entity-resolved
WAL-MART REAL EST BUSINESS TRUST
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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