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

    58 Route 88 Charleroi, PA 15022

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    High-traffic area, versatile office & garage.

    Property Features for 58 Route 88

    General Information

    Property type
    Other commercial real estate
    Lot Size
    32,234 SF

    We can help!

    Listing Contact
    Lucas Rathway

    Listing Agency: HOWARD HANNA MID MON VALLEY OFFICE Listing Agent: Lucas Rathway

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

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property, located at 58 Route 88 in Charleroi, Pennsylvania, presents a significant investment opportunity. Situated on a 0.74-acre lot, the building offers substantial space ideal for a variety of business ventures. The expansive interior layout provides flexibility for diverse operational needs, accommodating both office and storage requirements. Its prime location ensures high visibility and accessibility, benefiting from significant traffic flow. The property's versatility makes it suitable for a wide range of businesses seeking a well-positioned and spacious facility. The ample space allows for customization to meet specific business requirements, offering a significant advantage for companies needing both office and storage or workshop areas. This is a rare opportunity to acquire a substantial commercial property in a desirable location with excellent potential for growth and profitability. The asking price is $1,500,000. Serious inquiries are encouraged to explore this promising investment. The property's size and location make it a compelling option for businesses seeking to establish or expand their operations in a thriving commercial area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Big Box & Wholesale Store Skin Care Clinic Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleroi
    County
    Washington
    State
    Pennsylvania
    Longitude
    -79.90941
    Latitude
    40.15746

    Nearby Similar for Sale

    • $249,900
      0.15 Acres

      Mixed-Use Building in Charleroi

      Large commercial building with diverse income-producing opportunities in Charleroi, PA.
      211 Fallowfield Ave, Charleroi, PA 15022
      View Details
    • $80,000
      0.05 Acres

      Mixed-Use Property in Charleroi Boro

      Storefront with two apartments, ideal for office or retail.
      623 Fallowfield Ave, Charleroi, PA 15022
      View Details
    • $162,500
      0.11 Acres

      Versatile Mixed-Use Building in Charleroi

      Two-story commercial building with retail and residential units in central location.
      628 Fallowfield Ave, Charleroi, PA 15022
      View Details
    • $129,900
      0.10 Acres

      Income Producing Charleroi Properties

      Attached income-producing properties with residential and commercial spaces fully rented.
      306 Fallowfield Ave, Charleroi, PA 15022
      View Details
    • $749,000

      Office/Garage Space For Sale

      19,200 sq ft office/garage space in high-traffic location.
      58 Route 88, Charleroi, PA 15022
      View Details
    • $39,900
      Pending

      Commercial Storefront with Apartments

      Commercial storefront with two apartments in central location.
      700 Fallowfield Ave, Charleroi, PA 15022
      View Details
    • $79,000
      0.05 Acres

      Historic Charleroi Retail Building

      Prime Retail Space w/ Rental Income
      618 Fallowfield Ave, Charleroi, PA 15022
      View Details
    • Contact for pricing

      Former Medical Office Building

      Former medical office building featuring multiple offices and reception areas.
      90 Chamber Plz, Charleroi, PA 15022
      View Details
    • Contact for pricing
      14.79 Acres

      14.79 Acre Charleroi Property

      Large industrial lot, ideal for development.
      2 Coyle Curtin & Dairy Rds, Charleroi, PA 15022
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-traffic area, versatile office & garage.
    Where is this commercial real estate located?
    The property is located at 58 Route 88 Charleroi, PA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (724) 929-9699
    Request Owner's contact information
    58 Route 88 Charleroi, PA 15022
    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.
    58 Route 88
    Charleroi, PA 15022
    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
    58 Route 88 Charleroi, PA 15022
    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

    We can help!
    Listing Contact
    Lucas Rathway
    (724) 929-9699
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!