Single-Story Medical Office
For Sale
$1,374,000
280 North Ave, Washington, PA 15301
Vacant 7,850 SF single-story medical office available as fee simple in Washington, PA.
Property Size7,850 SF
Price / SF$175.03
Days on Market48
Property Features for 280 North Ave
General Information
Standard status
Active
Size
7,850 SF
Class
B
Property subtype
Office
Zoning
GB-General Business
Building Details
Building Size
7,850 SF
Stories
1
Listing Agency:
(814) 532-6186
Listed By:
Perry Russ · License #PA #RM425579
Source:
Zamias
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 11 at 5:07AM
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 Perry Russ
Investment Insights
Based on property information with market context.
Zamias Services Inc and SRS National Net Lease Group are pleased to offer the opportunity to acquire the fee simple interest in a vacant, single-story medical office property totaling 7,850 SF.
The property is mainly zoned GB-General Business, which provides a wide range of commercial uses. Located at 280 North Ave in Washington, PA, the building is offered for sale and is positioned for occupancy or redevelopment within the constraints of its zoning.
The property is mainly zoned GB-General Business, which provides a wide range of commercial uses. Located at 280 North Ave in Washington, PA, the building is offered for sale and is positioned for occupancy or redevelopment within the constraints of its zoning.
Key Highlights
- Fee simple opportunity for a vacant 7,850 SF single‑story medical office in Washington, PA
- Single‑story layout with 7,850 SF total building size
- Property is mainly zoned GB (General Business), allowing a wide range of commercial uses
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
$100,281
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
7.30%
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%
$2,005,620
$2.0M
Cap Rate 7%
$1,432,586
$1.4M
Cap Rate 9%
$1,114,233
$1.1M
Market Conditions
NOI Build-Up for 7,850 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
$177.1K $22.56/SF
− Vacancy
−$43.4K −$5.53/SF
EGI
$133.7K $17.03/SF
− OpEx
−$33.4K −$4.26/SF
NOI
$100.3K $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%
$2,005,620
Cap Rate 7%
$1,432,586
Cap Rate 9%
$1,114,233
Alternative Uses
Best Use
Healthcare Medical
$1.99M
$1.74M – $2.32M
NOI $139,421 @ 7.0% cap · market cap 10.15%
Second Best
Office B
$1.43M
$1.25M – $1.67M
NOI $100,281 @ 7.0% cap · market cap 7.30%
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.82M
NOI $169,319 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 15301, PA
48,963
Population
24,001
Households
2
Avg Household Size
45
Median Age
27%
College-Educated
92%
High-School Grad
122.0 sq mi
ZIP Area
401
Density / Sq Mi
$69,275
Median Household Income
$43,546
Median Earnings
$927
Median Rent
$205,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Banfield Pet Hospital — 327 Washington Rd, Washington, PA 15301
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Vacant 7,850 SF single-story medical office available as fee simple in Washington, PA.
Where is this medical office space located?
The property is located at 280 North Ave Washington, PA.
What is the asking price?
The asking price for this property is $1,374,000.
What are key features of this property?
This property features: Fee simple opportunity for a vacant 7,850 SF single‑story medical office in Washington, PA; Single‑story layout with 7,850 SF total building size; Property is mainly zoned GB (General Business), allowing a wide range of commercial uses
