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

    4399 Old William Penn Hwy Monroeville, PA 15146

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

    Prime Monroeville location, endless potential. High traffic area.

    Property Features for 4399 Old William Penn Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    144,619 SF

    We can help!

    Listing Contact
    Amanda Buccilli

    Listing Agent: Amanda Buccilli

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

    Learn more

    Overview

    This exceptional 3.32-acre parcel located at 4399 Old William Penn Highway in Monroeville, Pennsylvania, presents a fantastic opportunity for developers and investors. The property boasts an enviable location with convenient access to major transportation arteries, including Interstates 376 and 76, ensuring seamless connectivity throughout the region. Its strategic placement offers unparalleled proximity to a wealth of amenities, including schools, hospitals, and a vibrant array of restaurants and shopping centers, catering to a diverse and thriving community. The expansive acreage provides ample space for a wide range of development possibilities, from commercial ventures to residential projects, or a mixed-use development. The high visibility and accessibility of this site make it an ideal location for businesses seeking to establish a strong presence in a bustling area. Given its prime location and significant size, this property represents a rare and compelling investment opportunity with substantial potential for future growth and return. The asking price for this exceptional development land is $500,000. Serious inquiries are encouraged.
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroeville
    County
    Allegheny-East
    State
    Pennsylvania
    Longitude
    -79.7655
    Latitude
    40.44559

    Nearby Similar for Sale

    • $525,000
      Pending

      Monroeville Warehouse with Large Lot

      10,000 sqft warehouse on 2.76 acres with loading docks.
      1500 S Mccully Rd, Monroeville, PA 15146
      View Details
    • $1,395,000
      0.67 Acres

      Monroeville Restaurant and Brewery Opportunity

      Restaurant and brewery in Monroeville, PA, fully equipped and renovated.
      312 Center Rd, Monroeville, PA 15146
      View Details
    • $1,000,000

      Turnkey Restaurant Near Monroeville Mall

      7,800 SF restaurant with furniture, fixtures, and equipment included.
      8 Tech 1 Dr, Monroeville, PA 15146
      View Details
    • $1,100,000

      Former Bank in Retail Corridor

      9,108 SF former bank with drive-thru and ample parking.
      2640 Monroeville Blvd, Monroeville, PA 15146
      View Details
    • $250,000

      Remodeled Monroeville Office Building For Sale

      Two-level, 2368 sq ft office building in Monroeville, PA.
      4372 Old William Penn Hwy, Monroeville, PA 15146
      View Details
    • Contact for pricing
      10,000 SF

      Monroeville Office Space Near UPMC

      10,000 SF office space near UPMC East Campus.
      111 Whitehead Ln, Monroeville, PA 15146
      View Details
    • $980,000

      Two-Level Brick Office Building

      Two-level brick office building in excellent condition, for sale or lease.
      2640 Pitcairn Rd, Monroeville, PA 15146
      View Details
    • Contact for pricing
      2,880 SF

      Monroeville Retail Redevelopment Opportunity

      Redevelopment opportunity in the heart of Monroeville retail trade area.
      2727 Stroschein Rd, Monroeville, PA 15146
      View Details
    • $395,000
      0.99 Acres

      Monroeville Office Building - Great Location!

      Prime Monroeville office, near major employers. Ideal rehab or new construction.
      113 Fox Plan Rd, Monroeville, PA 15146
      View Details
    • $780,000
      2.43 Acres

      Monroeville Flex Space Investment

      High-yield flex space, large lot, great potential.
      460-470 Old Frankstown Rd, Monroeville, PA 15146
      View Details
    • Contact for pricing

      Monroeville Commercial Space For Sale

      High-visibility commercial space in a sought-after Monroeville location.
      4351 Old William Penn Hwy, Monroeville, PA 15146
      View Details
    • $1,395,000
      7,800 SF

      Monroeville Restaurant - Turnkey Opportunity

      7,800 SF Restaurant, Liquor License Available
      8 Tech 1 Dr, Monroeville, PA 15146
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Monroeville location, endless potential. High traffic area.
    Where is this commercial real estate located?
    The property is located at 4399 Old William Penn Hwy Monroeville, PA.
    What is the asking price?
    The asking price for this property is $500,000.
    (412) 856-8800
    Request Owner's contact information
    4399 Old William Penn Hwy Monroeville, PA 15146
    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.
    4399 Old William Penn Hwy
    Monroeville, PA 15146
    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
    4399 Old William Penn Hwy Monroeville, PA 15146
    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
    Amanda Buccilli
    (412) 856-8800
    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!