Industrial Building with Mezzanine
10704 Somerset Pike, Somerset, PA 15501
For Sale
$1,500,000
An unfinished steel shell includes bathroom plumbing, spray-foam insulation, and substantial electrical service.
Property Size10,000 SF
Lot Size5.00 Acres
Price / SF$150
Days on Market8
Property Features for 10704 Somerset Pike
General Information
Standard status
Size
Lot size
Site & Location
Highway Access
Utilities to Site
Additional Details
Power
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Building Size
Construction
Listing Agency:
HOWARD HANNA MID MON VALLEY OFFICE
Listed By:
Sherry Kohuth · License #RS362180
(724) 929-9699
Source:
Exprealty
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 2:56PM
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 HOWARD HANNA MID MON VALLEY OFFICE
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Investment Insights
Based on property information with market context.
Set on 5 acres in Somerset County, this 10,000-square-foot steel industrial building is unfinished and configured to accommodate a mezzanine. The structure has 20-foot walls and a 29-foot peak, with finished concrete floors measuring 7–8 inches thick. Spray-foam insulation is installed along the interior of the steel walls, and plumbing is in place for bathrooms and other support areas. Electrical service includes 400 amps and a 200-amp subpanel. The property also has a new well; public septic is available.
The site is across from the Somerset Historical Society, with access to US-219 and I-76. The property has no zoning designation.
The site is across from the Somerset Historical Society, with access to US-219 and I-76. The property has no zoning designation.
Key Highlights
- 10,000‑square‑foot steel building on 5 acres
- 20‑foot walls and 29‑foot peak; designed to accommodate a mezzanine
- Finished concrete floors are 7–8 inches thick
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,349
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,980
$1.2M
Cap Rate 7%
$833,557
$833.6K
Cap Rate 9%
$648,322
$648.3K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$88.3K $8.83/SF
− Vacancy
−$4.9K −$0.49/SF
EGI
$83.4K $8.34/SF
− OpEx
−$25.0K −$2.50/SF
NOI
$58.3K $5.83/SF
Area
Somerset County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,980
Cap Rate 7%
$833,557
Cap Rate 9%
$648,322
Alternative Uses
Best Use
Industrial
$833.6K
$729.4K – $972.5K
NOI $58,349 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.17M
$2.77M – $3.70M
NOI $221,760 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 15501, PA
16,277
Population
7,656
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
89%
High-School Grad
132.0 sq mi
ZIP Area
123
Density / Sq Mi
$55,797
Median Household Income
$35,311
Median Earnings
$731
Median Rent
$162,300
Median Home Value
Market
Properties on Market for Industrial properties in Somerset County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Industrial property - An unfinished steel shell includes bathroom plumbing, spray-foam insulation, and substantial electrical service.
Where is this industrial property located?
The property is located at 10704 Somerset Pike Somerset, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10,000‑square‑foot steel building on 5 acres; 20‑foot walls and 29‑foot peak; designed to accommodate a mezzanine; Finished concrete floors are 7–8 inches thick
