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    Route 130 Retail Property Title is generated by Realmo AI

    3535 Route 130, Irwin, PA 15642

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    Claim this Listing
    For Sale
    $1,390,000

    Business - Penn Twp, PA

    Type:Business
    Lot size:
    0.77 Acres
    Added:
    Sep 29, 2025
    Days on Market:
    241
    Last Refresh:
    May 27 at 12:06 am

    Property Features for 3535 Route 130

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Zoning
    COMM
    Parking
    33
    Standard status
    Active
    Lot size
    0.77 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6696

    Building Details

    Year built
    1957
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Dan Howell | Joel Peretic Team - Tracy Pany

    Listing agent Dan Howell | Joel Peretic Team - Tracy Pany

    Listing office COLDWELL BANKER REALTY 8711 State Route 30, Pittsburgh, PA

    Listing date Sep 29, 2025

    MLS# 1723351 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

    • Prime location adjacent to proposed new turnpike interchange on Route 130.
    • Five total units offering diverse income streams (three storefronts, storage, one‑bedroom apartment).
    • Existing infrastructure: One unit is equipped as a former Subway with equipment and walk‑in cooler/freezer.
    • Leased units provide immediate income (Skill City, salon, and apartment are currently leased).
    • Well‑maintained exterior with signage and a parking lot for 33 vehicles.
    • Brick construction and upper level office space in one of the storefronts.

    Overview

    This retail property is located adjacent to the proposed new turnpike interchange on Route 130 in Penn Township, PA. The property includes five units, featuring three 1,200-square-foot storefronts on the main level, along with an additional storefront, storage space, and a one-bedroom apartment on the lower level. One of the first-level units was previously a Subway and is equipped with relevant equipment and a walk-in cooler/freezer. The middle unit is leased to Skill City and includes additional unfinished space in the back. The left and middle units share two restrooms in the back hallway. The right unit, formerly a flower shop, features an upper-level office space and restroom. The salon and apartment on the lower level are fully leased. The property is situated on a 0.77-acre lot and includes a parking lot accommodating 33 vehicles. The exterior is well-maintained and features prominent signage. The property is zoned COMM.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Irwin
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.676548
    Latitude
    40.367111

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    FAQs

    What type of property is this?
    Retail space - Retail property near proposed turnpike interchange with multiple units.
    Where is this retail space located?
    The property is located at 3535 Route 130 Irwin, PA.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: Prime location adjacent to proposed new turnpike interchange on Route 130.; Five total units offering diverse income streams (three storefronts, storage, one‑bedroom apartment).; Existing infrastructure: One unit is equipped as a former Subway with equipment and walk‑in cooler/freezer.
    (724) 864-2121
    We can help!
    Listing Contact
    Dan Howell | Joel Peretic Team - Tracy Pany
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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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