Building Details

Buildings 1

Listing Agency: CENTURY 21 FAIRWAYS REAL ESTATE i***@hotmail.com

Listed By: Adam Slivka · License #AB068610 Show Phone

Source: Exprealty

Added: Apr 16, 2025 Changed: Sep 15 Last Checked: Oct 6 at 12:36AM

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Investment Insights

Based on property information with market context.

This flex space offers approximately 2,300+ square feet within a largely open commercial building. The adaptable interior receives natural light and can accommodate a range of retail, office, studio, or specialty-use layouts. The property was previously occupied by a gun and outdoor supply store, providing an established commercial setting for a new operation.

Recent capital improvements include new siding and a new roof. The building is positioned along Route 66 in Delmont, with exposure to passing traffic and potential for business signage. Its combination of open interior space, updated exterior components, and roadside positioning creates a practical foundation for a variety of commercial uses.

Key Highlights

• Approximately 2,300+ square feet of commercial space
• Mostly open interior with natural light
• New siding and a new roof

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,517

Cap Rate

8.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$530,340 $530.3K

Cap Rate 7%

$378,814 $378.8K

Cap Rate 9%

$294,633 $294.6K

Market Conditions

NOI Build-Up for 2,300 SF

Gross rent

$41.4K $18.00/SF

− Vacancy

−$3.5K −$1.53/SF

EGI

$37.9K $16.47/SF

− OpEx

−$11.4K −$4.94/SF

NOI

$26.5K $11.53/SF

Area

Westmoreland County, PA

Vacancy

8.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$530,340

Cap Rate 7%

$378,814

Cap Rate 9%

$294,633

Alternative Uses

Best Use

Retail

$378.8K

$331.5K – $442.0K (±1% cap)

NOI $26,517 @ 7.0% cap · market cap 8.84%

Second Best

Flex RnD

$229.8K

$201.1K – $268.2K (±1% cap)

NOI $16,089 @ 7.0% cap · market cap 5.36%

Theoretical Best

Office A

$585.8K

$512.6K – $683.5K (±1% cap)

NOI $41,009 @ 7.0% cap · market cap 13.67%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Big Box & Wholesale Store Spa & Massage Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

200

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 15626, PA

5,095

Population

2,676

Households

1.9

Avg Household Size

51

Median Age

39%

College-Educated

96%

High-School Grad

4.3 sq mi

ZIP Area

1,185

Density / Sq Mi

$67,337

Median Household Income

$47,213

Median Earnings

$787

Median Rent

$228,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Commercial building with adaptable interior, abundant daylight, and recent exterior improvements.

Where is this flex space located?

The property is located at 95 School St Delmont, PA.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: Approximately 2,300+ square feet of commercial space; Mostly open interior with natural light; New siding and a new roof