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    Property profile & analytics

    Somerset, PA 15501

    • Commercial real estate
    • 0.02 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US73-3215622
    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

    Year built
    1993
    Lot size
    0.02 lot acres
    Property type
    Commercial real estate
    APN
    S42-022-001-020
    APU
    S42022001020

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Somerset
    State
    Pennsylvania
    Longitude
    -79.0738
    Latitude
    40.0225
    CBSA code
    43740
    CBSA name
    SOMERSET, 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
    $1,427
    $0.00
    $0.00
    $23,100
    -
    $0.00
    $46,190
    $46,190

    Comparable in this City

    • Value Estimation by Request
      4.00 Acres

      238 Tollgate Rd

      Land • 4.00 Acres
      238 Tollgate Rd, Somerset, PA 15501
      View Details
    • Value Estimation by Request
      0.11 Acres

      505 Georgian Pl

      COMMERCIAL (GENERAL) • 0.11 Acres
      505 Georgian Pl, Somerset, PA 15501-1613
      View Details
    • Value Estimation by Request
      6.14 Acres

      4174 Glades Pike

      COMMERCIAL (GENERAL) • 6.14 Acres
      4174 Glades Pike, Somerset, PA 15501-8724
      View Details
    • Value Estimation by Request
      0.50 Acres

      613 Walnut St

      COMMERCIAL (GENERAL) • 0.50 Acres
      613 Walnut St, Somerset, PA 15501
      View Details
    • Value Estimation
      $245,000
      6.76 Acres

      Water Level Rd

      COMMERCIAL (GENERAL) • 6.76 Acres
      Water Level Rd, Somerset, PA 15501
      View Details
    • Value Estimation by Request
      0.22 Acres

      1012 Edgewood Ave

      COMMERCIAL (GENERAL) • 0.22 Acres
      1012 Edgewood Ave, Somerset, PA 15501-2618
      View Details

    Similar Nearby for Sale

    • $1,600,000
      4.00 Acres

      Somerset, PA Commercial Land - $1.6M

      Prime 4-Acre Commercial Parcel, High Traffic
      238 Tollgate Rd, Somerset, PA 15501
      View Details
    • $300,000
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      Somerset Commercial Land - 3 Acres

      Prime Somerset location, 3 acres, commercial development.
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      Somerset Commercial Building Investment

      Prime Somerset location, leased to PA state agency.
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    • $49,000
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      Somerset Commercial Land - $49K

      Build your dream home on 0.55 acres.
      0 Overlook Dr, Somerset, PA 15501
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    • $600,000
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      Mountain Restaurant & Banquet Hall

      Rustic Charm, Huge Potential, PA
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    • $675,000
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      Somerset Warehouse - Great Location

      Large warehouse, 1.8 acres, prime location.
      892 Berlin Plank Rd, Somerset, PA 15501
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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Rent

      Commercial land available for rent with high traffic and visibility.
      1808 N Center Ave, Somerset, PA 15501
      View Details
    • Contact for pricing
      186,643 SF

      Summit Plaza Retail Space For Lease

      Somerset, PA retail space available.
      1730 Center Ave, Somerset, PA 15501
      View Details
    • $500 /Mo
      8,276 SF

      Main Floor Office Suite

      Office suite with private entrance and street parking.
      238 Union St, Somerset, PA 15501
      View Details
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    Realmo Value Estimation

    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.

    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.

    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
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