1035 Morrell Avenue Connellsville, PA 15425
12,500 SF multi-tenant office building with income potential.
- Added:
- May 19, 2026
- Days on Market:
- 56
- Last Refresh:
- Jul 5 at 11:44 am
Property Features for 1035 Morrell Avenue
General Information
- Standard status
- Active
- Size
- 12,500 SF
- Property subtype
- Retail, Office
Listing office Newmark
Listing date May 19, 2026
Source Crexi
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 Newmark
Investment Insights
Based on property information with market context.
Key Highlights
- High‑traffic location on US‑119 corridor with 25,000 vehicles per day.
- Significant income upside with immediate potential to increase rents by 20% on existing tenants.
- Vacant 6,000 SF suite available for immediate occupancy or lease‑up.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $187.5k | $15.00 |
| − Vacancy | −$19.7k | −$1.58 |
| EGI | $167.8k | $13.43 |
| − OpEx | −$50.3k | −$4.03 |
| NOI | $117.5k | $9.40 |
