1168 PHILIPSBURG BIGLER HIGHWAY, Philipsburg, PA 16866

Building Details

Year Built 1991 More

Buildings 1 More

Listing Agency: Realty One Group Landmark r***@gmail.com Show Phone

Listed By: Stephanie Marie Matia · License PA RS367892 Show Phone

Source: Cummingsrealtors

Added: Nov 10 Changed: Nov 12 Last Checked: Nov 12 at 2:23PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This freestanding office property contains 2,400 square feet and was built in 1991. Its layout includes several private offices, a conference room/library area, separate men’s and women’s restrooms, and an efficiency kitchen. A dedicated CMU fire-rated room is also part of the building, and a parking lot serves the property.

Located at 1168 Philipsburg Bigler Highway in Philipsburg, Pennsylvania, the existing configuration is suited to office use. The layout may also be adapted for medical or healthcare, administrative, or other professional services, as described for the property.

Key Highlights

• 2,400‑square‑foot freestanding office building
• Multiple private offices and a conference room/library area
• Separate men’s and women’s restrooms plus an efficiency kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,702

Cap Rate

7.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$554,040 $554.0K

Cap Rate 7%

$395,743 $395.7K

Cap Rate 9%

$307,800 $307.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$43.2K $18.00/SF

− Vacancy

−$6.3K −$2.61/SF

EGI

$36.9K $15.39/SF

− OpEx

−$9.2K −$3.85/SF

NOI

$27.7K $11.54/SF

Area

Centre County, PA

Vacancy

14.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$554,040

Cap Rate 7%

$395,743

Cap Rate 9%

$307,800

Alternative Uses

Best Use

Office B

$395.7K

$346.3K – $461.7K (±1% cap)

NOI $27,702 @ 7.0% cap · market cap 7.39%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$530.1K

$463.8K – $618.4K (±1% cap)

NOI $37,104 @ 7.0% cap · market cap 9.89%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Walter Hopkins & Co: ... Accounting Firm Walter Hopkins & Co Accounting Firm

Suggested Use

Top Pick Electrical Service Storage Facility Bakery Garden Center Kitchen & Bath Showroom Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

362

Businesses Nearby

Explore this area Business Placement

Demographics for 16866, PA

9,850

Population

4,083

Households

2.4

Avg Household Size

45

Median Age

17%

College-Educated

86%

High-School Grad

157.1 sq mi

ZIP Area

63

Density / Sq Mi

$48,580

Median Household Income

$37,463

Median Earnings

$681

Median Rent

$136,900

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Private offices, a conference area, and on-site parking support a range of business operations.

Where is this office building located?

The property is located at 1168 PHILIPSBURG BIGLER HIGHWAY Philipsburg, PA.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: 2,400‑square‑foot freestanding office building; Multiple private offices and a conference room/library area; Separate men’s and women’s restrooms plus an efficiency kitchen