Top-Floor Office
New
For Sale
$349,000
1200 Ashwood Drive Unit 1201, Canonsburg, PA 15317
End-unit professional suite with multiple private offices, reception space, kitchenette, and tenant-controlled HVAC.
Property Size1,445 SF
Price / SF$241.52
Days on Market5
Property Features for 1200 Ashwood Drive Unit 1201
General Information
Standard status
Active
Size
1,445 SF
Class
A
Property subtype
Single Tenant Office
Additional Details
Floor
top floor
Highway Access
Yes
Amenities
24-hour access
tenant-controlled HVAC
recessed lighting
courtyard
monument signage
Building Details
Building Size
1,445 SF
Year Built
2012
Listing Agency:
Realty One Group/Commercial
(724) 941-1427
Listed By:
Jaime Deyarmin
(724) 941-1427
Source:
Thebrokerlist
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 29 at 7:48PM
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 Realty One Group/Commercial
Investment Insights
Based on property information with market context.
This 1,445 SF office condominium occupies a top-floor end-unit position within a Class A building completed in 2012. The suite includes five private offices, a reception and waiting area, and a kitchenette. Windows on multiple sides bring natural light into the space, while upgraded finishes, recessed lighting, and tenant-controlled HVAC support a professional office environment.
Building features include 24-hour access, monument signage, a courtyard setting, and convenient parking. The property is located near Southpointe, I-79, and Route 19, with Pittsburgh approximately 20–25 minutes away and PIT Airport also within convenient reach. The address is 1200 Ashwood Drive, Unit 1201, Canonsburg, PA 15317.
Building features include 24-hour access, monument signage, a courtyard setting, and convenient parking. The property is located near Southpointe, I-79, and Route 19, with Pittsburgh approximately 20–25 minutes away and PIT Airport also within convenient reach. The address is 1200 Ashwood Drive, Unit 1201, Canonsburg, PA 15317.
Key Highlights
- 1,445 SF office condominium at 1200 Ashwood Drive, Unit 1201, Canonsburg, PA 15317
- Top‑floor end unit with windows on multiple sides and views
- Five private offices plus reception and waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,459
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$369,180
$369.2K
Cap Rate 7%
$263,700
$263.7K
Cap Rate 9%
$205,100
$205.1K
Market Conditions
NOI Build-Up for 1,445 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.6K $22.56/SF
− Vacancy
−$8.0K −$5.53/SF
EGI
$24.6K $17.03/SF
− OpEx
−$6.2K −$4.26/SF
NOI
$18.5K $12.77/SF
Area
Washington County, PA
Vacancy
24.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$369,180
Cap Rate 7%
$263,700
Cap Rate 9%
$205,100
Alternative Uses
Best Use
Office B
$263.7K
$230.7K – $307.7K
NOI $18,459 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$445.3K
$389.6K – $519.5K
NOI $31,168 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 15317, PA
42,801
Population
18,803
Households
2.3
Avg Household Size
43
Median Age
52%
College-Educated
97%
High-School Grad
45.0 sq mi
ZIP Area
951
Density / Sq Mi
$107,962
Median Household Income
$61,089
Median Earnings
$1,180
Median Rent
$329,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - End-unit professional suite with multiple private offices, reception space, kitchenette, and tenant-controlled HVAC.
Where is this office units located?
The property is located at 1200 Ashwood Drive Unit 1201 Canonsburg, PA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,445 SF office condominium at 1200 Ashwood Drive, Unit 1201, Canonsburg, PA 15317; Top‑floor end unit with windows on multiple sides and views; Five private offices plus reception and waiting area
