Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Well-Maintained Office Building For Sale Title is generated by Realmo AI

    255 Elm Drive, Waynesburg, PA 15370

    View on Map
    Claim this Listing
    For Sale
    $1,282,500

    Office - Waynsbrg/Frankln Twp, PA

    Type:Office
    Lot size:
    3.57 Acres
    Added:
    Sep 17, 2025
    Days on Market:
    239
    Last Refresh:
    May 13 at 10:06 am

    Property Features for 255 Elm Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    Comm
    Standard status
    Active
    Lot size
    3.57 Acres

    Taxes and HOA fees

    Tax Annual Amount
    20081

    Building Details

    Year built
    1992
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Paul Bortz
    Paul Bortz

    Listing agent Paul Bortz License #RM423147

    Listing office COLDWELL BANKER LAUREL RIDGE REALTY 554 Morgantown Road, Uniontown, PA

    Listing date Sep 17, 2025

    MLS# 1721490 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

    • Leased to PA Dept of General Services, providing immediate income.
    • Well‑maintained 7500 sf brick building with newer metal roof and HVAC.
    • Strategically located with easy access to major highways.
    • Large parking area and fenced storage area.
    • Very nice curb appeal and landscaping.
    • Built in 1992.

    Overview

    This well-maintained 7500 square foot brick building features a newer metal roof and HVAC system. Currently leased to the PA Department of General Services, the property is strategically located with easy access to major highways. The 3.57-acre property offers curb appeal, landscaping, a large parking area, and a fenced storage area. The zoning is commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    State Police Police Department

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waynesburg
    County
    Greene
    State
    Pennsylvania
    Longitude
    -80.141718
    Latitude
    39.894213

    Nearby Similar for Sale

    • $598,000

      Versatile Commercial Space Near I-79

      28,000 sq ft commercial space near I-79.
      1117 Willow Dr, Waynsbrg/Frankln Twp, PA 15370
      View Details
    • $1,399,000

      Two Profitable Car Wash Properties

      Two fully operating car washes with storage units for sale.
      588 W High St - 118 School Dr, Waynsbrg/Frankln Twp, PA 15370
      View Details
    • $579,000

      103-Acre Farm with Creek

      Versatile 103-acre farm property in Washington/Ruff Creek, PA.
      0 Lippencott, Washingtn/Ruff Creek, PA 15370
      View Details
    • $1,400,000

      60-Room Hotel with Highway Visibility

      60-room hotel with excellent highway visibility and accessibility.
      126 Miller Lane, Waynesburg, PA 15370
      View Details
    • $1,400,000
      18,332 SF

      60-Room Economy Inn For Sale

      60-room independent Economy Inn with highway visibility and accessibility.
      126 Miller Ln, Waynesburg, PA 15370
      View Details

    FAQs

    What type of property is this?
    Office building - 7500 SF office building with newer roof and HVAC.
    Where is this office building located?
    The property is located at 255 Elm Drive Waynesburg, PA.
    What is the asking price?
    The asking price for this property is $1,282,500.
    What are key features of this property?
    This property features: Leased to PA Dept of General Services, providing immediate income.; Well‑maintained 7500 sf brick building with newer metal roof and HVAC.; Strategically located with easy access to major highways.
    (724) 437-7100
    We can help!
    Listing Contact
    Paul Bortz
    Paul Bortz
    Real Estate License ID: RM423147
    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
    255 Elm Drive, Waynsbrg/Frankln Twp, PA 15370
    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!