Established Retail Business
For Sale
$950,000
17275 SHREVE RUN Road, Pleasantville, PA 16341
SINGLE_FAMILY - Pleasantville, PA
Property Size4,136 SF
Lot Size0.97 Acres
Price / SF$229.69
Days on Market339
Property Features for 17275 SHREVE RUN Road
General Information
Property type
Residential
Property subtype
Retail
Parking
25
Elementary school district
Titusville
Middle school district
Titusville
High school district
Titusville
Directions
From VCCH: SE on Elk, L on US-62, Continue to State Hwy 8, R on PA-227, Property will be on the left.
Subdivision
50 - Plum/Cherrytree/Oil Creek/Allegheny Twps
Standard status
Active
APN
0000-000
Size
4,136 SF
Lot size
0.97 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3251
Utilities
Sewer type
Private Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1980
Listing Agency:
ERA Richmond Real Estate Service · ERA Real Estate
(814) 337-6000
Listed By:
Mike Crowther
(814) 516-1285
Added: Sep 9, 2025
Changed: May 14
Last Checked: Aug 13 at 2:06AM
MLS# 187882
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is an established secondary heating retail business located in Pleasantville, Pennsylvania. The business, Warm Home & Hearth, serves seven counties. The sale includes the real estate and business assets, offering a turnkey opportunity for new ownership. The property is 4,136 square feet in size and sits on a 0.97-acre lot. The new owner(s) will be equipped to continue the success of Warm Home & Hearth and even expand its current outreach and commodities.
Key Highlights
- Established and Profitable Secondary Heating Retail Business
- Turn‑Key Operation Including Real Estate and Business Assets
- Serves 7 Counties, Providing a Wide Customer Base
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
$83,022
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
8.74%
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%
$1,660,440
$1.7M
Cap Rate 7%
$1,186,029
$1.2M
Cap Rate 9%
$922,467
$922.5K
Market Conditions
NOI Build-Up for 4,136 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
$132.5K $32.04/SF
− Vacancy
−$13.9K −$3.36/SF
EGI
$118.6K $28.68/SF
− OpEx
−$35.6K −$8.60/SF
NOI
$83.0K $20.07/SF
Area
Venango County, PA
Vacancy
10.50%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,660,440
Cap Rate 7%
$1,186,029
Cap Rate 9%
$922,467
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.38M
NOI $83,022 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,720 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,872 visits/mo
0.2 miles
Demographics for 16341, PA
1,975
Population
1,154
Households
1.7
Avg Household Size
47
Median Age
19%
College-Educated
91%
High-School Grad
74.3 sq mi
ZIP Area
27
Density / Sq Mi
$60,260
Median Household Income
$36,063
Median Earnings
$695
Median Rent
$109,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Turnkey retail business with real estate and assets included.
Where is this retail space located?
The property is located at 17275 SHREVE RUN Road Pleasantville, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Established and Profitable Secondary Heating Retail Business; Turn‑Key Operation Including Real Estate and Business Assets; Serves 7 Counties, Providing a Wide Customer Base
