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    985 Penn St Brackenridge, PA 15014

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    For Sale
    $385,000

    Office - Brackenridge, PA

    Type:Office
    Property size:
    5,000 SF
    Lot size:
    0.24 Acres
    Added:
    Nov 21, 2025
    Days on Market:
    154
    Last Refresh:
    Apr 24 at 6:06 am

    Property Features for 985 Penn St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    COM
    Standard status
    Active
    Size
    5,000 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7835

    Building Details

    Year built
    1981
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Morgan Iseman

    Listing agent Morgan Iseman License #RS350880

    Listing office REALTY ONE GROUP LANDMARK 1627 Freeport Road, Indiana, PA

    Listing date Nov 21, 2025

    MLS# 1731589 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.

    Overview

    Two-Level Commercial Medical Building

    This well-maintained, two-level commercial medical building offers 2,500 sq ft of versatile space on each floor. The property is ideally situated with easy access to Route 28, providing excellent visibility and convenience in Brackenridge, PA. The fully renovated lower level is move-in ready, while the upper level is occupied by a long-standing tenant, ensuring immediate income. Each floor includes its own designated parking area with ample off-street parking, complemented by a spacious grassy side yard. The property is located in Allegheny-North county and has a lot size of 0.2356 acres. The zoning is COM. This property presents a prime investment opportunity in a desirable location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Leah Coalmer Physician Valley Medical Associates: ... Physician Dr. Malcolm P. ... Physician PAUL J KILLIAN, ... Physician Kevin R Joyce, ... Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brackenridge
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.74198
    Latitude
    40.613209

    Nearby Similar for Sale

    • $599,900

      Renovated Apartment Building in Brackenridge

      Six-unit residential building with five renovated units and modern amenities.
      731 6th Ave, Brackenridge, PA 15014
      View Details
    • $195,000

      Brackenridge Tri-Plex with Upside

      Solid brick tri-plex with long-term tenants and updates.
      726 East 7th Avenue, Brackenridge, PA 15014
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Well-maintained commercial building with versatile space and income potential.
    Where is this medical office space located?
    The property is located at 985 Penn St Brackenridge, PA.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: Income‑producing property with a long‑standing tenant on the upper level.; **Fully renovated, move‑in ready lower level.**; Excellent visibility and easy access to Route 28.
    (724) 468-8841
    We can help!
    Listing Contact
    Morgan Iseman
    Real Estate License ID: RS350880
    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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