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

    5654 Greensburg Rd Apollo, PA 15613

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $109,900

    Prime Location, Versatile Space, Great Value

    Property Features for 5654 Greensburg Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    5,227 SF

    We can help!

    Listing Contact
    Barry Masters
    Barry Masters

    Listing Agency: RE/MAX SELECT REALTY Listing Agent: Barry Masters

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

    Learn more

    Property Insight Report

    Overview

    This 0.12-acre commercial building at 5654 Greensburg Road in Apollo, PA, presents a fantastic opportunity for a small business. Conveniently situated directly on Route 366, near Route 66, this property boasts high visibility and easy access. The building features a spacious, open floor plan ideal for retail or commercial use. The first floor offers a large open area, perfect for a showroom or retail space, along with a kitchenette and powder room. Ample room exists to create offices or a reception area. Upstairs, a second large finished area provides additional space for equipment or expansion. A full basement offers substantial storage capacity. The property includes at least six parking spaces in front, ensuring convenient customer and employee parking. Recent improvements include a French drain system installed a few years ago to ensure a dry basement, a newer furnace and air conditioning unit, and a new well pump. This move-in ready building is perfect for entrepreneurs seeking a cost-effective and well-maintained space to establish their business. Its prime location and versatile layout make it an exceptional investment opportunity. The property is priced at $109,900.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Department Store Grocery & Convenience Store Grocery & Convenience Store Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Apollo
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.60182
    Latitude
    40.48857

    Nearby Similar for Sale

    • $300,000
      3.13 Acres

      Kiskiminetas Township Office Building

      Versatile office building on 3 acres, prime accessible location.
      601-603 1St Street Ext, Apollo, PA 15613
      View Details
    • $239,900
      Pending

      Updated Commercial Property on 5.8 Acres

      Versatile commercial property with modern upgrades and ample parking.
      4775 State Route 66, Apollo, PA 15613
      View Details
    • $1,300,000
      100.00 Acres

      100 Acre Farm with Outbuildings

      Unique 100-acre farm with residence and functional outbuildings.
      460 Beaver Run Rd, Apollo, PA 15613
      View Details
    • $165,000
      20.00 Acres

      20-Acre Parcel in Kiskiminetas Twp

      20-acre parcel suitable for home, agriculture, recreation, or development.
      A1 Guthrie Rd, Apollo, PA 15613
      View Details
    • $299,900
      1.61 Acres

      Greensburg Road Commercial and Residential Property

      Commercial building with shop, office, storage, and residential ranch home.
      5244 Greensburg Rd, Apollo, PA 15613
      View Details
    • Contact for pricing
      8,500 SF

      Apollo Restaurant & Bar for Sale

      Historic Downtown Apollo eatery, FF&E included.
      212 Warren Ave, Apollo, PA 15613
      View Details
    • $475,000
      0.14 Acres

      Historic Apollo Restaurant & Bar

      Turnkey Restaurant, Liquor License Included
      212 Warren Ave, Apollo, PA 15613
      View Details
    • $179,000
      1.10 Acres

      Apollo Commercial Property - High Traffic Location

      Prime Location! Former Pizza Shop - Huge Potential!
      4123 State Route 66, Apollo, PA 15613
      View Details
    • Contact for pricing

      Versatile Commercial Building with Garage Bays

      4,400+ sq ft building suitable for business or venue.
      200 Thorn St, Apollo, PA 15613
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, Versatile Space, Great Value
    Where is this commercial real estate located?
    The property is located at 5654 Greensburg Rd Apollo, PA.
    What is the asking price?
    The asking price for this property is $109,900.
    (724) 933-6300
    Request Owner's contact information
    5654 Greensburg Rd Apollo, PA 15613
    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.
    5654 Greensburg Rd
    Apollo, PA 15613
    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
    5654 Greensburg Rd Apollo, PA 15613
    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
    Barry Masters
    Barry Masters
    Real Estate License ID: RS071302A
    (724) 933-6300 (412) 856-2000
    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!