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    The Largest CRE Database in the US with Over 1 Million Listings

    19465 Route 119 Hwy Punxsutawney, PA 15767

    Sponsored
    For Lease
    Pending
    $99,900

    Office - Mahoning Twp, PA

    Type:Office
    Lot size:
    1.78 Acres
    Days on Market:
    23
    Last Refresh:
    Feb 8 at 3:06 pm

    Property Features for 19465 Route 119 Hwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Pending
    Zoning
    None
    Parking
    20
    Lot size
    1.78 Acres

    Building Details

    Year built
    2000
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Lesa Kendall
    Lesa Kendall

    Realty One Group Landmark (724) 427-5801

    Listing agent Lesa Kendall (724) 427-5801 License #AB068253

    Listing date Jan 17, 2026

    MLS# 1733026 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.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Property on Route 119

    This commercial property, available for sale or lease, is situated on just under 2 acres and features a large parking lot suitable for customers, events, or staff. The building is located on the high-traffic corridor of Route 119. The interior includes vaulted ceilings, floor-to-ceiling windows, multiple seating and work areas, a private conference room, and an open layout. The property is adaptable to a variety of uses, including a modern office, boutique retail space, or a short-term rental opportunity with targeted renovations. Upgrades include a new well pump installed in 2022 and a new heat pump in 2023. The property also features a basement area with garage door entry, providing storage space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tara Runk, Realty ... Real Estate Agency Deborah Ginger Hook ... Real Estate Agency

    Suggested Use

    Real Estate Agency Spa & Massage Center Auto Repair Shop Hotel & Motel Department Store Storage Facility Grocery & Convenience Store Garden Center Discount Store Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Punxsutawney
    County
    Jefferson
    State
    Pennsylvania
    Longitude
    -79.011261
    Latitude
    40.902746

    FAQs

    What type of property is this?
    Office building - Adaptable commercial space with high visibility and ample parking.
    Where is this office building located?
    The property is located at 19465 Route 119 Hwy Punxsutawney, PA.
    What are key features of this property?
    This property features: - High-traffic location on Route 119 provides excellent visibility and accessibility.; - Versatile open layout suitable for office, retail, or short-term rental with targeted renovations.; - Large parking lot accommodates customers, events, or staff.
    (724) 427-5801
    Request Owner's contact information
    19465 Route 119 Hwy Punxsutawney, PA 15767
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    Punxsutawney, PA 15767
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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.

    More about this property
    19465 Route 119 Hwy Punxsutawney, PA 15767
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    We can help!
    Listing Contact
    Lesa Kendall
    Lesa Kendall
    Real Estate License ID: AB068253
    (724) 427-5801
    Learn more
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