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    Girard Commercial Space For Lease Title is generated by Realmo AI

    10081 RIDGE Road, Girard, PA 16417

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    For Lease
    $4 SF/Yr $3,313/Mo (calc)

    COMMERCIAL - Girard, PA

    Property size:
    9,940 SF
    Lot size:
    5.80 Acres
    Added:
    Oct 4, 2022
    Days on Market:
    1319
    Last Refresh:
    May 14 at 5:06 pm

    Property Features for 10081 RIDGE Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    30
    Standard status
    Active
    APN
    24-011-057.0-001.01
    Size
    9,940 SF
    Lot size
    5.80 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12811
    Expense value
    3313
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Water source
    Well

    Building Details

    Building materials
    Mixed

    We can help!

    Listing Contact
    Pat Grab
    Pat Grab

    Listing agent Pat Grab License #RS328737

    Listing office Coldwell Banker Select - Airport 4664 W 12th St, Erie, PA

    Listing date Oct 4, 2022

    MLS# 165791

    Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Adaptable 9,940 sq ft commercial space suitable for retail, showroom, office, or storage.
    • High‑traffic corner location at Route 20 and Route 18 with 11,000 vehicles per day.
    • Conveniently located just two miles from I‑90.
    • Renovated space with new foam insulation, lighting, and facade.
    • Affordable lease rate of $3,313 per month ($4/SF).
    • Multiple tenants in the plaza.

    Overview

    Available for lease is a 9,940 square feet commercial property, adaptable to many uses such as retail, showroom, office, and storage. The property is located on the corner of Route 20 and Route 18, with a traffic volume of 11,000 vehicles per day. It is situated just two miles from I-90. The space is currently being renovated with new foam insulation on the ceiling, new lighting, and a new facade. The property is part of a plaza with multiple other tenants. The monthly lease rate is $3,313, which equates to $4 per square foot. NNN costs include taxes and insurance. The property is located in Girard, PA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Advanced Rehabilitation Medical Clinic Reese Plaza Business Service Center C+C Archery & Outdoors (Bike/Boat/Book/etc) Store City Mission Thrifty ... Discount Store Michael Lariccia Physician

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Girard
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.3359603
    Latitude
    41.9931144

    Nearby Similar for Lease

    • $4 SF/Yr

      Girard Commercial Space for Lease

      5,000 SF commercial unit adaptable to many uses.
      10081 RIDGE Road, Girard, PA 16417
      View Details
    • Contact for pricing

      Commercial Plaza Unit on Route 20

      5,000 SF unit adaptable for retail, office, or storage.
      10081 Ridge Rd, Girard, PA 16417
      View Details
    • Contact for pricing

      Retail Space in Girard, PA

      Retail property available for lease in Girard, Pennsylvania.
      9143 Ridge Rd, Girard, PA
      View Details

    FAQs

    What type of property is this?
    Retail space - 9,940 SF commercial space suitable for retail, office, storage.
    Where is this retail space located?
    The property is located at 10081 RIDGE Road Girard, PA.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: Adaptable 9,940 sq ft commercial space suitable for retail, showroom, office, or storage.; High‑traffic corner location at Route 20 and Route 18 with 11,000 vehicles per day.; Conveniently located just two miles from I‑90.
    (814) 450-8685
    We can help!
    Listing Contact
    Pat Grab
    Pat Grab
    Real Estate License ID: RS328737
    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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