Ebensburg Former Bank For
For Sale
$474,900
176 Lovell Ave, Ebensburg, PA 15931
Former bank building in Ebensburg with drive-through and expansion potential.
Property Size2,086 SF
Lot Size0.75 Acres
Price / SF$227.66
Days on Market1039
Property Features for 176 Lovell Ave
General Information
Standard status
Active
Size
2,086 SF
Lot size
0.75 Acres
Taxes and HOA fees
Annual Taxes
$5,089
Listing Agency:
HOWARD HANNA BARDELL REALTY ALTOONA
(814) 313-4111
Listed By:
Hunter Ott · License #RS353898
(814) 254-8121
Source:
Exprealty
Added: Nov 10, 2023
Changed: Sep 11
Last Checked: Sep 14 at 7:23AM
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 HOWARD HANNA BARDELL REALTY ALTOONA
Investment Insights
Based on property information with market context.
Located in Ebensburg, this former bank is a free-standing, all-brick building with a full drive-through system. The property sits on just under 0.75 acres, allowing room for expansion or parking. The site is located amongst law offices, medical spaces, townhouses, and gas stations. It is also located near retailers such as Walmart, Sheetz, McDonald's, Starbucks, Tractor Supply, Big Lots, and Giant Eagle. Ebensburg is the county seat and features an industrial park. The property presents an opportunity to enter the growing town of Ebensburg and be located amongst other businesses. The property has a size of 2500 square feet and is suitable for office and retail use.
Key Highlights
- Prime location in the heart of Ebensburg, surrounded by successful businesses and major retailers.
- Free‑standing, all‑brick former bank building.**
- Seller financing available.
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
$32,948
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
6.94%
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%
$658,960
$659.0K
Cap Rate 7%
$470,686
$470.7K
Cap Rate 9%
$366,089
$366.1K
Market Conditions
NOI Build-Up for 2,086 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
$56.3K $27.00/SF
− Vacancy
−$12.4K −$5.94/SF
EGI
$43.9K $21.06/SF
− OpEx
−$11.0K −$5.27/SF
NOI
$32.9K $15.80/SF
Area
Cambria County, PA
Vacancy
22.00%
Lease Rate
$27.00 /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%
$658,960
Cap Rate 7%
$470,686
Cap Rate 9%
$366,089
Alternative Uses
Best Use
Office B
$470.7K
$411.9K – $549.1K
NOI $32,948 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$629.4K
$550.7K – $734.3K
NOI $44,056 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 15931, PA
9,158
Population
4,214
Households
2.2
Avg Household Size
47
Median Age
29%
College-Educated
92%
High-School Grad
81.4 sq mi
ZIP Area
113
Density / Sq Mi
$62,772
Median Household Income
$40,847
Median Earnings
$857
Median Rent
$176,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Former bank building in Ebensburg with drive-through and expansion potential.
Where is this office building located?
The property is located at 176 Lovell Ave Ebensburg, PA.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Prime location in the heart of Ebensburg, surrounded by successful businesses and major retailers.; Free‑standing, all‑brick former bank building.**; Seller financing available.
