Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    100 Burgess St Somerset, PA 15501

    View on Map
    Claim this Listing
    For Sale
    $450,000

    Commercial - Somerset Boro, PA

    Lot size:
    8.15 Acres
    Added:
    Jun 29, 2025
    Days on Market:
    311
    Last Refresh:
    May 5 at 7:06 pm

    Property Features for 100 Burgess St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    M-1
    Exterior features
    Level
    Standard status
    Active
    Lot size
    8.15 Acres

    Taxes and HOA fees

    Tax Annual Amount
    20135

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1963
    Building materials
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Lee Hoffman

    Listing agent Lee Hoffman

    Listing office REALTY ONE GROUP LANDMARK 101 W Main Street, Indiana, PA

    Listing date Jun 29, 2025

    MLS# 1709386 Listing URL

    Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Somerset Commercial Development Opportunity

    This 10.9-acre commercial development opportunity is located in Somerset, Pennsylvania, and offers convenient access to Route 219 and Pennsylvania Turnpike exit 110. The parcel is situated within a federal opportunity zone. An existing 60,000-square-foot slab is present on the property, which could be razed or renovated for numerous future uses. Natural gas, electric, public water, and sewer services are available at the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Somerset
    State
    Pennsylvania
    Longitude
    -79.068807
    Latitude
    40.00371

    Nearby Similar for Sale

    • $899,000

      Somerset Automotive Business Opportunity

      6.3-acre property with 6,000 SF building suitable for various businesses.
      2473 Center Ave, Somerset, PA 15501
      View Details
    • $899,000

      Automotive Business with Development Potential

      6.3-acre property with a meticulously maintained 6,000 SF building.
      2473 N Center Avenue, Lincoln Twp, PA 15501
      View Details
    • $250,000

      Commercial Property on 1.3 Acres

      Spacious commercial property with office, warehouse, and detached buildings.
      702 Kimberly Avenue, Somerset, PA 15501
      View Details
    • $495,000

      Commercial Development Site in Somerset

      1.15-acre commercial development site available in Somerset Twp, PA.
      1338 N Center Avenue Lot #1, Somerset Twp, PA 15501
      View Details
    • $295,000
      3,086 SF

      Renovated Four-Unit Apartment Building

      Completely renovated four-unit apartment building in Somerset, Pennsylvania.
      537 Edgewood Ave, Somerset, PA 15501
      View Details
    • $250,000

      Commercial Property on 1.3 Acres

      Spacious commercial property with office, warehouse, and detached buildings.
      702 S Kimberly Ave, Somerset Twp, PA 15501
      View Details
    • $595,000

      Commercial Lot in Somerset Twp

      1.61 acre commercial lot available for sale.
      1338 N Center Avenue Lot #2, Somerset Twp, PA 15501
      View Details
    • $295,000

      Renovated Fourplex Ready For Occupancy

      Completely renovated four-unit apartment building in Somerset Boro, Pennsylvania.
      537 N Edgewood Ave, Somerset Boro, PA 15501
      View Details
    • $1,282,500

      Well-Maintained Office Building For Sale

      7500 SF office building with newer roof and HVAC.
      142 Sagamore Street, Somerset Boro, PA 15501
      View Details
    • $225,000

      Somerset Commercial Building with Apartment

      Commercial building with renovated apartment and parking in Somerset, PA.
      398 W Patriot St, Somerset, PA 15501
      View Details
    • $450,000

      Somerset Commercial Development Opportunity

      10.9-acre commercial land with redevelopment potential in Somerset, PA.
      100 Burgess St, Somerset, PA 15501
      View Details
    • $450,000

      Somerset Commercial Development Opportunity

      10.9 acres in Somerset Boro with highway access.
      100 Burgess St, Somerset Boro, PA 15501
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10.9-acre commercial development opportunity in Somerset, PA.
    Where is this commercial land located?
    The property is located at 100 Burgess St Somerset, PA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 10.9 acre commercial development opportunity with convenient access to Route 219 and PA Turnpike exit 110.; Located within a federal opportunity zone.; Existing 60,000 sq ft concrete slab suitable for renovation or demolition.
    (814) 290-7564
    We can help!
    Listing Contact
    Lee Hoffman
    Learn More
    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.
    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
    100 Burgess St, Somerset Boro, PA 15501
    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!