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    Two-Story Office Building For Sale Title is generated by Realmo AI

    2599 Wilmington Road, New Castle, PA 16105

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    For Sale
    $1,400,000

    Office - Neshannock Twp, PA

    Type:Office
    Lot size:
    2.34 Acres
    Added:
    Nov 9, 2025
    Days on Market:
    180
    Last Refresh:
    May 8 at 6:06 pm

    Property Features for 2599 Wilmington Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    C2&R1
    Parking
    85
    Standard status
    Active
    Lot size
    2.34 Acres

    Taxes and HOA fees

    Tax Annual Amount
    31019

    Building Details

    Year built
    1990
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Shellie Staph

    Listing agent Shellie Staph

    Listing office CASTLE REALTY 2911 Willmington Road, New Castle, PA

    Listing date Nov 9, 2025

    MLS# 1730839 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

    • 16,000‑square‑foot commercial building offering versatile layout
    • Currently tenant‑occupied, producing a steady income stream
    • Includes 36 private offices, suitable for various business needs
    • Features 3 conference rooms for meetings and presentations
    • Equipped with break rooms for employee comfort
    • Two‑story building constructed with brick

    Overview

    This two-story commercial building offers a versatile and functional layout, designed to accommodate a variety of business needs. The 16,000-square-foot building includes 36 private offices, perfect for individual workspaces or team-based environments. These offices are distributed across both floors, maximizing the building's use of space. A spacious, welcoming reception area greets visitors as they enter. Three conference rooms provide quiet and private meeting spaces for client presentations and team discussions. Break rooms offer employees a comfortable area for lunch or informal meetings. The building includes a designated mechanical room. The upper and lower floor provides a professional layout for workflow efficiency. This building blends functionality with flexibility, providing a high-quality environment for businesses while generating income for the owner. The building is currently tenant-occupied, producing a steady income stream. The property is located in Neshannock Twp, Lawrence County, Pennsylvania, with a lot size of 2.34 acres and is zoned C2&R1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Buckingham Strategic Wealth Financial Advisor Think3 Technologies IT Consulting Firm Walker Benefits, Inc. Insurance Agency Baker Tilly Accounting Firm Arnett Carbis Toothman ... Accounting Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Lawrence
    State
    Pennsylvania
    Longitude
    -80.355536
    Latitude
    41.032398

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    FAQs

    What type of property is this?
    Office building - 16,000 SF office building with 36 private offices.
    Where is this office building located?
    The property is located at 2599 Wilmington Road New Castle, PA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 16,000‑square‑foot commercial building offering versatile layout; Currently tenant‑occupied, producing a steady income stream; Includes **36 private offices**, suitable for various business needs
    (724) 654-5589
    We can help!
    Listing Contact
    Shellie Staph
    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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