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    Storefront Flex Space for Rent Title is generated by Realmo AI

    1324 Franklin St., Johnstown, PA 15905

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    COMMERCIAL - Johnstown, PA

    Lot size:
    0.13 Acres
    Added:
    Feb 27, 2026
    Days on Market:
    98
    Last Refresh:
    Jun 5 at 10:06 pm

    Property Features for 1324 Franklin St.

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    78.23.113.000
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    2023-11387
    Tax Annual Amount
    1448

    Building Details

    Floors in Building
    2

    We can help!

    Listing Contact
    Whitney Torok
    Whitney Torok

    Listing agent Whitney Torok License #RS322842

    Listing office RE/MAX POWER Associates 905 Menoher Blvd, Johnstown, PA

    Listing date Feb 27, 2026

    MLS# 96040124

    Copyright © 2026 Cambria Somerset Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • $750/month commercial rental space in the 8th Ward of Johnstown
    • Utilities and services included: gas, electric, water, sewer, landscaping, and garbage
    • Most recently used as a pet groomer; previously operated as a barber shop
    • Potential uses include office, shoe repair, laundry, tailoring, and other business types
    • Rental requires a $750 security deposit
    • Rental applications include a non‑refundable $50 application fee per occupant age 18+ for credit and criminal background checks

    Overview

    This storefront flex space is available for rent in Johnstown and has a layout that has supported both retail and service-style operations. The space was most recently utilized as a pet groomer and previously operated as a barber shop. Based on the prior use and configuration, it may be suitable for office use or other small, customer-facing services such as shoe repair, laundry, tailoring, and similar concepts.

    The building is located on Franklin St. in the 8th Ward of Johnstown. Rental includes gas, electric, water, sewer, landscaping, and garbage, with a $750 security deposit referenced in the listing. Rental applications are required, along with a non-refundable $50 application fee for each occupant 18 years and older for credit and criminal background checks, including a minimum credit score requirement.

    For tenants and operators looking for a compact storefront setup with bundled utility coverage, the space offers an established footprint for personal services and light customer-facing uses. Prospective occupants should review application requirements and confirm fit for their specific operational needs before scheduling next steps.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

    • LaPorta's Flowers & Gifts — 342 Washington St, Johnstown, PA 15901
    • Custom Silk Creations — 528 Colgate Ave, Johnstown, PA 15905

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Cambria
    State
    Pennsylvania
    Longitude
    -78.925131
    Latitude
    40.2985489

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    FAQs

    What type of property is this?
    Storefront property - Versatile storefront rental with utilities included and prior grooming/barber use suitable for a range of small business needs.
    Where is this storefront property located?
    The property is located at 1324 Franklin St. Johnstown, PA.
    What are key features of this property?
    This property features: $750/month commercial rental space in the 8th Ward of Johnstown; Utilities and services included: gas, electric, water, sewer, landscaping, and garbage; Most recently used as a pet groomer; previously operated as a barber shop
    (814) 248-9263
    We can help!
    Listing Contact
    Whitney Torok
    Whitney Torok
    Real Estate License ID: RS322842
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    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.

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