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    Versatile Upgraded Mixed-Use Property Title is generated by Realmo AI

    221 Russellton Dorseyville Road, Cheswick, PA 15024

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    For Lease
    $15,750/Mo $28 SF/Yr (calc)

    Office - Cheswick, PA

    Type:Office
    Property size:
    6,600 SF
    Lot size:
    1.97 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    47
    Last Refresh:
    May 12 at 3:06 pm

    Property Features for 221 Russellton Dorseyville Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    R2
    Parking
    21
    Standard status
    Active
    Size
    6,600 SF
    Lot size
    1.97 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8899

    Building Details

    Year built
    1977
    Building materials
    Stone
    Architectural style
    Other

    We can help!

    Listing Contact
    Matt O'Donnell

    Listing agent Matt O'Donnell

    Listing office RE/MAX REALTY BROKERS 5608 Wilkins Avenue, Pittsburgh, PA

    Listing date Mar 27, 2026

    MLS# 1745650 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.

    HighLights

    • Versatile property zoned R2 with light commercial office variance, offering residential flexibility.
    • Extensively renovated with high‑quality finishes, including ADA‑compliant retail areas, LED lighting, updated ceilings, and epoxy/vinyl flooring.
    • Features an additional 3,300 square feet of warehouse space with driveway access.
    • Major capital improvements recently completed: new windows (2024), Duralast roof (2021), exterior paint (2024), new HVAC system (downstairs, 2024), new fencing (2025).
    • Secure property with a 10‑camera surveillance system, motion lighting, and ongoing monthly extermination service.
    • Fully remodeled kitchen and break room with granite countertops, and upgraded private bathrooms, including a newly completed executive suite bath.

    Overview

    This versatile property, located in Cheswick, PA, offers both residential flexibility and light commercial functionality. The 6,600 square foot building is situated on a 1.97-acre lot and is available for lease at $16 per square foot. The property is suitable for office, service, or mixed-use operations. An additional 3,300 square feet of warehouse space with driveway access for ingress and egress is available. The property features 22 parking spaces, smooth ingress and egress, a carport, and dual-sided access with garage doors on both sides, including 12-foot mechanically operated fiberglass rear doors and insulated steel rolling side doors. The interior has been extensively renovated with high-quality finishes and thoughtful upgrades, including ADA-compliant front retail areas with accessible entrances and restrooms, LED lighting, updated ceilings and diffusers, and durable epoxy/vinyl flooring. A remodeled kitchen and break room with granite countertops, along with upgraded private bathrooms, including a newly completed executive suite bath with a full 8’ x 3’ shower, provide comfort and convenience. Additional plumbing is in place for a washer, wash tub, and break room functionality. Major capital improvements include new windows (2024), a Duralast roof (2021), exterior paint (2024), a new HVAC system downstairs (2024), new stair tread and epoxy finishes, and new fencing (2025). Security features include a 10-camera surveillance system, motion lighting, and five regularly inspected fire extinguishers, with ongoing monthly extermination service. The exterior features a fully landscaped front and parking island. Zoned R2 with a light commercial office variance, this property offers a flexible-use space with modern infrastructure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Food Market HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheswick
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.8566383
    Latitude
    40.6065236

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    FAQs

    What type of property is this?
    Mixed-use property - Recently upgraded property with residential flexibility and light commercial functionality.
    Where is this mixed-use property located?
    The property is located at 221 Russellton Dorseyville Road Cheswick, PA.
    What is the lease rate?
    The lease rate is $15,750 /Mo.
    What are key features of this property?
    This property features: Versatile property zoned R2 with light commercial office variance, offering residential flexibility.; Extensively renovated with high‑quality finishes, including ADA‑compliant retail areas, LED lighting, updated ceilings, and epoxy/vinyl flooring.; Features an additional 3,300 square feet of warehouse space with driveway access.
    (412) 521-1000
    We can help!
    Listing Contact
    Matt O'Donnell
    Learn More
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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
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    221 Russellton Dorseyville Road, Cheswick, PA 15024
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