Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1107 W College Ave State College, PA 16801

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space near downtown with private offices and parking.

    Property Features for 1107 W College Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1948

    We can help!

    Listing Contact
    Scott Yocum
    Source: Exitrealty

    Listing Agency: Yocum Real Estate Centre, LLC Listing Agent: Scott Yocum

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

    Learn more

    Overview

    Prime Location Office Space

    This commercial real estate offers a great business location near downtown. The property features seven private offices, providing ample room. A welcoming reception area is present. The location offers frontage on West College Avenue and includes on-site parking. Easy access is available on foot and by bus, potentially allowing a business to thrive.
    Location Intelligence

    Current Use by Public Records

    Bethanne Fetzer Counselor Hannah Hartswick Counselor Olivia Metz Counselor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.874092
    Latitude
    40.785257

    Nearby Similar for Lease

    • $5,710 /Mo

      State College Office Sublease Opportunity

      Versatile office sublease near Penn State University campus.
      129 S Sparks St, State College, PA 16801
      View Details
    • $18 SF/Yr
      72,310 SF

      Office Space For Lease

      Office space for lease in a visible location.
      2014 Sandy Dr, State College, PA 16803
      View Details
    • $14 SF/Yr
      72,745 SF

      E College Ave Office Space

      Versatile office space in a highly visible location.
      2541 E College Ave, State College, PA 16801
      View Details
    • Sponsored
      Contact for pricing

      Foster Plaza

      Discover many ways to work your way in Foster Plaza
      651 Holiday Dr Plz 5, Greentree, PA 15220
      View Details
    • Sponsored
      Contact for pricing

      PA, State College - Innovation Blvd

      Workspaces, services and support to help you work better in Frisco Square
      330 Innovation Blvd, University Park, PA 16803
      View Details
    • Contact for pricing

      Class A Office Space Available

      High-quality office space in a professional research park setting.
      330 Innovation Blvd, State College, PA 16803
      View Details
    • Contact for pricing

      Retail Space Near Penn State

      Retail space ideal for grocery, fitness, or medical tenants.
      2222 E College Ave, State College, PA 16801
      View Details
    • Contact for pricing

      Office/Flex Building in Research Park

      Single-story office/flex building with ample parking and convenient location.
      College Township, State College, PA 16803
      View Details
    • $18 SF/Yr

      Office Space For Lease

      Office space available for lease in a visible location.
      2014 Sandy Dr, State College, PA 16803
      View Details
    • Contact for pricing

      Versatile Office Spaces For Lease

      Premium office spaces available in a prime, accessible location.
      611 University Dr, State College, PA 16801
      View Details
    • Contact for pricing

      Two-Story Office Building For Rent

      Charming brick office building in State College Borough for rent.
      911 University Dr, State College, PA 16801
      View Details
    • Contact for pricing

      Office Space with Utilities Included

      Office space for rent with utilities included and ample parking.
      251 Easterly Pkwy, State College, PA 16801
      View Details

    FAQs

    What type of property is this?
    Office units - Office space near downtown with private offices and parking.
    Where is this office units located?
    The property is located at 1107 W College Ave State College, PA.
    What are key features of this property?
    This property features: - Prime location near downtown; - Seven private offices offer ample workspace; - Welcoming reception area
    (814) 234-4645
    Request Owner's contact information
    1107 W College Ave State College, PA 16801
    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.
    1107 W College Ave
    State College, PA 16801
    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
    1107 W College Ave State College, PA 16801
    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
    Scott Yocum
    Real Estate License ID: RM424430
    (814) 234-4645
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!