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

    Of E Red Horse Rd Pottsville, PA 17901

    • Commercial real estate
    • 31,163 SF
    • 4.81 lot acres
    OFF-MARKET
    Last Sale
    Apr 03, 2023
    $8,060,414
    Value Estimations
    $7,885,000
    Show details
    Cap Rate Potential
    3%
    Commercial real estate
    Location Intelligence
    Property ID
    US73-5336497
    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

    • Commercial real estate

    Property Details for Of E Red Horse Rd

    Year built
    2020
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.81 lot acres
    Property size
    31,163 SF
    Property type
    Commercial real estate
    APN
    18-24-0114.001
    APU
    18240114001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,155,000
      ML approach
      $8,270,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pottsville
    County
    Schuylkill
    State
    Pennsylvania
    Longitude
    -76.2232
    Latitude
    40.6626
    CBSA code
    39060
    CBSA name
    POTTSVILLE, 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
    2024
    $83,533
    $172,625
    $1,118,350
    $1,290,975
    -
    $345,250
    $2,236,700
    $2,581,950

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      410 Laurel Blvd

      COMMERCIAL (GENERAL) • 1.00 Acre
      410 Laurel Blvd, Pottsville, PA 17901-2401
      View Details
    • Value Estimation by Request
      8,150 SF

      555 Terry Reiley Way

      COMMERCIAL (GENERAL) • 8,150 SF
      555 Terry Reiley Way, Pottsville, PA 17901
      View Details
    • Value Estimation by Request
      1,826 SF

      13 Tremont St

      COMMERCIAL (GENERAL) • 1,826 SF
      13 Tremont St, Pottsville, PA 17901-2713
      View Details
    • Value Estimation by Request
      320 SF

      Vly Rd

      COMMERCIAL (GENERAL) • 320 SF
      Vly Rd, Pottsville, PA 17901
      View Details
    • Value Estimation by Request
      3,500 SF

      Washington St

      COMMERCIAL (GENERAL) • 3,500 SF
      Washington St, Pottsville, PA 17901
      View Details
    • Value Estimation by Request
      699 SF

      Main St

      COMMERCIAL (GENERAL) • 699 SF
      Main St, Pottsville, PA 17901
      View Details

    Similar Nearby for Sale

    • $699,000
      22,000 SF

      Pottsville Commercial Building - Huge Potential

      Versatile building, ample parking, 22,000 sq ft
      2300 Mahantongo St, Pottsville, PA 17901
      View Details
    • $375,000
      3,664 SF

      Pottsville Commercial Building - Prime Location

      Versatile building, large lot, high ceilings.
      700 Centre St, Pottsville, PA 17901
      View Details
    • Contact for pricing
      0.69 Acres

      1265 Laurel Blvd, Pottsville, PA 17901

      Commercial real estate • 0.69 Acres
      1265 Laurel Blvd, Pottsville, PA 17901
      View Details
    • $595,000
      5,700 SF

      Pottsville Medical Office Building

      5,700 SF Medical Office, Fully Leased
      206 Schuylkill Medical Plz, Pottsville, PA 17901
      View Details
    • $725,000
      9,500 SF

      Pottsville Commercial Building - Prime Location

      Spacious building, ample parking, versatile uses.
      2075 Norwegian St, Pottsville, PA 17901
      View Details
    • Contact for pricing
      0.05 Acres

      Pottsville Office Space - Ready Now!

      First floor office, 1000 sq ft, $900/month.
      100 Centre St, Pottsville, PA 17901
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      98,881 SF

      New Retail Building on Pad

      6,000 SF retail building on State Route 901.
      850 Gordon Nagle Trl, Pottsville, PA 17901
      View Details
    • $900 /Mo

      Comfortable 1-Bedroom Apartment For Rent

      Well-maintained 1-bedroom apartment, ideal for quiet individuals.
      434 E Norwegian St, Pottsville, PA 17901
      View Details
    • $6 SF/Yr
      100,000 SF

      Pottsville Warehouse Space for Lease

      100,000 SF Class A warehouse near I-81.
      50 Keystone Blvd, Pottsville, PA 17901
      View Details
    • Contact for pricing
      146,670 SF

      Pottsville Warehouse: 146,670 SF

      Large industrial warehouse, ideal for lease or sale.
      210 Industrial Park Rd, Pottsville, PA 17901
      View Details
    • $10 SF/Yr
      10,019 SF

      Pottsville Class A Office Space

      Class A office space in Pottsville, PA, with ample parking.
      1410 Laurel Blvd, Pottsville, PA 17901
      View Details
    • $14 SF/Yr
      187,308 SF

      Pottsville Office Space for Lease

      Professional office spaces available in Pottsville, PA, with flexible sizes.
      1500 State Rte 61 S, Pottsville, PA 17901
      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.
    Of E Red Horse Rd
    Pottsville, PA 17901
    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.