Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    102 W Otterman St Greensburg, PA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $775,000

    Historical commercial building in Greensburg's downtown historic district.

    Type:OFFICE
    Lot size:
    0.18 Acres
    Added:
    Jun 11, 2025
    Days on Market:
    295
    Last Refresh:
    Mar 29 at 10:00 pm

    Property Features for 102 W Otterman St

    General Information

    Standard status
    Active
    Lot size
    0.18 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Barbara Ciampini
    Barbara Ciampini

    Listing agent Barbara Ciampini

    Listing office BHHS - The Preferred Realty | Greensburg

    Listing date Jun 11, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of BHHS - The Preferred Realty | Greensburg

    Overview

    Historical Greensburg Commercial Building For Sale

    This historical commercial building, constructed in 1921, is located in the downtown historic district of Greensburg. The building currently houses a bank, various offices, art studios, and a restaurant. It is a contributing building to the City of Greensburg's Downtown Historic District. The seller wishes to maintain a row for the back wall that is part of "art in the alley".
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    Greensburg
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.5424
    Latitude
    40.3039

    Nearby Similar for Sale

    • $160,000

      Versatile Greensburg Building with Flexible Use

      6,800 SF building with flexible use options.
      128 N Washington Ave, City of Greensburg, PA 15601
      View Details
    • $185,000

      Greensburg Office with Prime Location

      Office building in downtown Greensburg with premium space and parking.
      439 S Maple Ave, City of Greensburg, PA 15601
      View Details
    • $350,000

      Hempfield Twp Fourplex Investment

      Well-maintained fourplex in a desirable residential neighborhood.
      206 Downes Road, Hempfield Twp, PA 15601
      View Details
    • $99,900

      Mobile Home Park in Greensburg

      Mobile home park with duplex potential in college area.
      800 Sidney St, Southwest Greensburg Boro, PA 15601
      View Details
    • $370,000

      Restaurant with Apartment and Parking

      Equipped restaurant with apartment, outdoor seating, and ample parking.
      1017 Highland Ave, South Greensburg Boro, PA 15601
      View Details
    • $549,900
      7,200 SF

      Commercial Building on High-Traffic Location

      Commercial building on 1.43 acres in high-traffic, high-visibility location.
      951 W Pittsburgh St, Greensburg, PA, 15601-1228
      View Details
    • $150,000

      Southwest Greensburg Church For Sale

      Charming church with redevelopment potential in a quiet neighborhood.
      533 Sidney St, Southwest Greensburg Boro, PA 15601
      View Details
    • $2,850,000
      16,717 SF

      Greensburg Office Building with Gym

      Class A office building with gym, conference rooms, and green space.
      4977 State Route 30, Greensburg, PA
      View Details
    • $649,900

      Well-Maintained Office Buildings For Sale

      Two connected office buildings in excellent location, well-maintained with ample parking.
      585 Rugh St, Greensburg, PA, 15601-5667
      View Details
    • $650,000
      10,000 SF

      Greensburg Office Building For Sale

      Office building with 10000 square feet of space.
      35 W Pittsburgh Street, Greensburg, PA
      View Details
    • Contact for pricing

      Adaptable Building with Sprinkler System

      Sprinklered building offering redevelopment or adaptive reuse potential.
      222 E Pittsburgh St, Greensburg, PA 15601
      View Details
    • Contact for pricing

      Adaptable Building with Sprinkler System

      Adaptable building featuring a full sprinkler system and parking.
      222 E Pittsburgh St, Greensburg, PA 15601
      View Details

    FAQs

    What type of property is this?
    Office building - Historical commercial building in Greensburg's downtown historic district.
    Where is this office building located?
    The property is located at 102 W Otterman St Greensburg, PA.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: Historical commercial building in Greensburg's Downtown Historic District.; Built in 1921, offering unique historical character.; Diverse income potential: currently houses a bank, offices, art studios, and a restaurant.
    (724) 777-1517
    We can help!
    Listing Contact
    Barbara Ciampini
    Barbara Ciampini
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!