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    The Largest CRE Database in the US with Over 1 Million Listings

    1200 Brookline Blvd Brookline, PA 15226

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    For Sale
    $239,900

    Remodeled commercial building in Brookline with parking and versatile layout.

    Lot size:
    0.08 Acres

    Property Features for 1200 Brookline Blvd

    General Information

    Standard status
    Active
    Lot size
    0.08 Acres

    We can help!

    Listing Contact
    Richard Charles
    Source: Exprealty

    Listing Agency: RE/MAX Select Realty Listing Agent: Richard Charles

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

    Learn more

    Property Insight Report

    Overview

    Remodeled Commercial Building on Brookline Boulevard

    This is a newly remodeled commercial building situated in a sought-after location on bustling Brookline Boulevard. The property is zoned LNC (Local Neighborhood Commercial), making it suitable for various business ventures such as a pizza shop, restaurant, retail store, or office. The building features a spacious and versatile layout, complemented by a full basement that can be utilized for additional storage or workspace. The main level encompasses 1240 square feet. Included with the property are 4-5 paved parking spaces, supplemented by public parking options available on Brookline Boulevard, ensuring accessibility for customers and employees. The location benefits from significant foot traffic. The property includes two newly remodeled bathrooms. A custom Ansul system is already installed. The building is equipped with a new furnace, central air conditioning, electric service, and a new 2-inch water line. The outdoor concrete area offers a welcoming space for outdoor seating or parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hematology-Oncology Associates-Upci Hematologist Mc Cormick Medical ... Doctor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookline
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.0129939
    Latitude
    40.3919436

    Nearby Similar for Sale

    • $239,900
      0.08 Acres

      Versatile Property in Brookline Commercial District

      Mixed-use property with storefront, 3-bedroom house, and detached garage.
      931 Brookline Blvd, Brookline, PA 15226
      View Details
    • $475,000
      0.08 Acres

      Brookline Retail and Residential Income

      Retail space with apartments and garage in prime location.
      930 Brookline Blvd, Brookline, PA 15226
      View Details

    FAQs

    What type of property is this?
    Retail space - Remodeled commercial building in Brookline with parking and versatile layout.
    Where is this retail space located?
    The property is located at 1200 Brookline Blvd Brookline, PA.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: - Prime location on bustling Brookline Boulevard with high foot traffic.; - Includes **4-5 paved parking spaces**, a rare and valuable asset.; - Newly remodeled with new furnace, central air, electric service, and 2-inch water line.
    (724) 933-6300
    Request Owner's contact information
    1200 Brookline Blvd Brookline, PA 15226
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    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
    1200 Brookline Blvd Brookline, PA 15226
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    We can help!
    Listing Contact
    Richard Charles
    (724) 933-6300
    Learn more
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