Sign Up Successful!
You now have access to more from Realmo!
    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

    936 Oakland Ave Indiana, PA 15701

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,499,000

    Well-maintained commercial building with student housing and retail space.

    Property size:
    23,200 SF
    Lot size:
    0.53 Acres

    Property Features for 936 Oakland Ave

    General Information

    Size
    23,200 SF
    Lot size
    0.53 Acres

    We can help!

    Listing Contact
    Bonnie Houck
    Source: Moodyscre

    Listing Agent: Bonnie Houck

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

    Learn more

    Overview

    Commercial Building Near Indiana University

    This well-maintained commercial building is located adjacent to the Indiana University of Pennsylvania main campus. It offers store frontage on State Route 286/ Oakland Ave, along with housing for 41 students in 10 suites. The property also features a coin-operated laundromat, a covered courtyard, and plentiful parking. The building is ADA accessible and protected by a security system. The property size is 23,200 square feet.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Indiana Floral & Flower Boutique, Martin's Floral

    Location Insight

    • Map
    • Local Demand
    City
    Indiana
    County
    Indiana
    State
    Pennsylvania
    Longitude
    -79.15655
    Latitude
    40.62064

    Nearby Similar for Sale

    • $249,900
      4,000 SF

      Downtown Indiana Mixed-Use Opportunity

      Turn-key mixed-use property with retail space and apartments in downtown.
      43 6Th St, Indiana, PA 15701
      View Details
    • $249,900
      0.06 Acres

      Turn-Key Mixed-Use Downtown Opportunity

      Mixed-use property with retail space and two move-in-ready apartments.
      43 6Th St, Indiana, PA 15701
      View Details
    • $249,000
      0.06 Acres

      Mixed-Use Property in Downtown Indiana

      Turn-key retail and residential income property in a desirable location.
      43 N 6Th St, Indiana, PA 15701
      View Details
    • $259,900
      0.04 Acres

      Turn-Key Office with Income Potential

      Move-in ready office with apartment in a convenient location.
      132 S 7Th St, Indiana, PA 15701
      View Details
    • $200,000
      0.09 Acres

      Duplex on Philadelphia Street

      Well-maintained duplex with strong rental potential in Indiana Boro.
      1023 Philadelphia St, Indiana, PA 15701
      View Details
    • $825,000
      0.11 Acres

      Student Housing Near IUP

      22-bed student housing property near Indiana University of Pennsylvania.
      884 Wayne Ave, Indiana, PA 15701
      View Details
    • $349,900
      Pending

      Indiana Boro Retail Space Available

      10,000 SF retail space in Indiana Boro, PA.
      701 Philadelphia St, Indiana, PA 15701
      View Details
    • $11,000,000

      IUP Student Housing Opportunity

      Student housing complex near Indiana University of Pennsylvania for sale.
      1156 Grant St, Indiana, PA 15701
      View Details
    • $2,727,273
      7,926 SF

      New Texas Roadhouse Investment Property

      Newly built, corporate guaranteed Texas Roadhouse investment property for sale.
      2920 Oakland Ave, Indiana, PA 15701
      View Details
    • $2,200,000
      45,873 SF

      65-Unit Multifamily Investment Opportunity

      65 units near campus and downtown Indiana, PA.
      412 S 13Th St, Indiana, PA 15701
      View Details
    • $219,900
      1,573 SF

      Updated Townhome Near IUP Campus

      Low-maintenance 3BR townhome with upgrades, near campus, shopping, and dining.
      666 Georgetowne Vlg, Indiana, PA 15701
      View Details
    • $1,499,000

      Commercial Building Near IUP Campus

      Well-maintained commercial building with store frontage and student housing.
      938 Oakland Ave, Indiana, PA 15701
      View Details

    FAQs

    What type of property is this?
    Storefront property - Well-maintained commercial building with student housing and retail space.
    Where is this storefront property located?
    The property is located at 936 Oakland Ave Indiana, PA.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - Prime location adjacent to Indiana University of PA main campus.; - Store frontage on highly traveled State Route 286/Oakland Ave.; - Housing for 41 students in 10 suites.
    (724) 349-8040
    Request Owner's contact information
    936 Oakland Ave Indiana, PA 15701
    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.
    936 Oakland Ave
    Indiana, PA 15701
    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
    936 Oakland Ave Indiana, PA 15701
    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
    Bonnie Houck
    (724) 349-8040
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.