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

    148-190 Alameda Plz Butler, PA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    28,394 SF retail space, 6,000 SF available Sept. 2025.

    Type:RETAIL
    Property size:
    28,394 SF
    Lot size:
    11.23 Acres
    Added:
    Apr 15, 2025
    Days on Market:
    371
    Last Refresh:
    Apr 5 at 9:49 pm

    Property Features for 148-190 Alameda Plz

    General Information

    Standard status
    Active
    Size
    28,394 SF
    Lot size
    11.23 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 148-190 Alameda Plz Contact us

    We can help!

    Listing Contact
    Richard Churchfield

    Listing agent Richard Churchfield License #RM420700

    Listing office Jabe Companies

    Listing date Apr 15, 2025

    Source Moodyscre

    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 Jabe Companies

    Overview

    Former Big Lots Retail Space

    This property features a 28,394-square-foot retail space, formerly occupied by Big Lots. An additional 6,000 square feet of space will become available in September 2025.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Butler
    County
    Butler
    State
    Pennsylvania
    Longitude
    -79.9331
    Latitude
    40.872

    Nearby Similar for Lease

    • Contact for pricing

      PA, Butler - S Main St

      220 1St St, Unit 2ND, Butler, PA 16001
      View Details
    • Contact for pricing

      Butler Office Space For Rent

      Office suites available in the heart of Butler, Pennsylvania.
      106 South Main Street, Butler, PA 16001
      View Details
    • Contact for pricing

      Office Space in Butler, PA

      Office suites for rent in the heart of Butler.
      106 South Main Street, Butler, PA 16001
      View Details
    • Contact for pricing

      Warehouse Space Available For Lease

      Multi-tenant warehouse space available for lease with easy highway access.
      107 Bonnie Drive, Butler, PA 16002
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent at 629 E Butler Rd.
      629 E Butler Rd, Butler, PA 16002
      View Details
    • Contact for pricing

      Warehouse Space with Highway Access

      Multi-tenant warehouse space available with docks and ample parking.
      107 Bonnie Drive, Butler, PA 16002
      View Details
    • Contact for pricing

      Community Center Retail Space Available

      Retail space available in a large community shopping center.
      116-180 Point Plz, Butler, PA
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Located in the heart of Butler, near the Courthouse.
      106 South Main Street, Butler, PA 16001
      View Details
    • Contact for pricing

      Retail Space in Moraine Pointe

      Retail space available for lease in Butler, Pennsylvania.
      602 Moraine Pointe Plaza, Butler, PA
      View Details
    • Contact for pricing

      Retail Center Space Available

      Multi-tenant retail center with 3,500 square feet available for rent.
      256 Moraine Pointe Plaza, Butler, PA
      View Details
    • Contact for pricing

      Retail Space in Greater Butler

      Retail space available in a busy shopping center.
      120-360 Greater Butler Mart, Butler, PA
      View Details
    • Contact for pricing

      Spacious Industrial Property with Drive-Ins

      Industrial property featuring high ceilings, multiple drive-in doors, and parking.
      160 Unionville Rd, Butler, PA 16001
      View Details

    FAQs

    What type of property is this?
    Retail space - 28,394 SF retail space, 6,000 SF available Sept. 2025.
    Where is this retail space located?
    The property is located at 148-190 Alameda Plz Butler, PA.
    What are key features of this property?
    This property features: 28,394 SF former Big Lots available now; Additional space available in the future with 6,000 SF coming available Sept. 2025; Large square footage available
    (412) 212-1270 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Richard Churchfield
    Real Estate License ID: RM420700
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!