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    Downtown Altoona Professional Office Suites Title is generated by Realmo AI

    1601 11th Avenue, Altoona, PA 16601

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    For Lease
    $3,449/Mo $16 SF/Yr (calc)

    COMMERCIAL - Altoona, PA

    Type:Office
    Property size:
    2,587 SF
    Added:
    Feb 20, 2026
    Days on Market:
    83
    Last Refresh:
    May 14 at 11:06 pm

    Property Features for 1601 11th Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    Commercial
    Parking features
    Off Street
    Accessibility
    Accessible Elevator Installed, Accessible Approach with Ramp
    Standard status
    Active
    APN
    01.05-18..-082.00-000
    Size
    2,587 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Leonard Fiore

    Listing agent Leonard Fiore License #AB068457

    Listing office Perry Wellington Realty, LLC 1004 N Juniata Street, Duncansville, PA

    Listing date Feb 20, 2026

    MLS# 79457

    Copyright © 2026 Allegheny Highland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Full‑service lease offers predictable occupancy costs.
    • Furnishings available for immediate occupancy and seamless transition.
    • Ample off‑street parking, a rare advantage in downtown Altoona.
    • Flexible layout options to accommodate various business needs.
    • Prime downtown location near UPMC Altoona, professional offices, retail, restaurants, and major corridors.
    • Secure common entrance with elevator access.

    Overview

    Located in downtown Altoona, PA, the property at 1601 11th Avenue offers office suites suitable for professional firms, medical users, administrative offices, or expanding organizations. Two second-floor office suites are available and can be leased individually or combined for a full-floor presence. The building features a secure common entrance with elevator access. The suites have large windows providing views of downtown Altoona and the city's historic railroad corridor, with abundant natural light. A full-service lease structure includes utilities and NNN. Furnishings are available. The flexible floor plan options can accommodate executive offices, collaborative workspace, conference rooms, or administrative operations. Off-street parking is available. The property is near UPMC Altoona and surrounded by professional offices, retail businesses, restaurants, and service providers, with easy access to major corridors and downtown amenities. The available space is 2587 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rosch Visionary Systems ... IT Consulting Firm Fiore Fedeli Snyder ... Tax Preparation Internal Revenue Service ... Tax Department Carothers David C ... Tax Preparation Fedeli Joseph CPA Accounting Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Gym & Fitness Center Building Supply Kitchen & Bath Showroom Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Blair
    State
    Pennsylvania
    Longitude
    -78.405557
    Latitude
    40.512636

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    FAQs

    What type of property is this?
    Office units - Flexible office spaces in a prime downtown location.
    Where is this office units located?
    The property is located at 1601 11th Avenue Altoona, PA.
    What is the lease rate?
    The lease rate is $3,449 /Mo.
    What are key features of this property?
    This property features: Full‑service lease offers predictable occupancy costs.; Furnishings available for immediate occupancy and seamless transition.; Ample off‑street parking, a rare advantage in downtown Altoona.
    (814) 330-2574
    We can help!
    Listing Contact
    Leonard Fiore
    Real Estate License ID: AB068457
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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.

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