Medical Office with Detached
New
For Sale
$349,900
1802 Lincoln Way, McKeesport, PA 15131
CommercialSale, Mckeesport, PA
Property Size2,200 SF
Lot Size0.44 Acres
Price / SF$159.05
Days on Market6
Property Features for 1802 Lincoln Way
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C2
Zoning description
C2
Parking
12
Subdivision
White Oak
Standard status
Active
Lot size
0.44 Acres
Taxes and HOA fees
Tax Annual Amount
7624
Listing Agency:
CENTURY 21 FAIRWAYS REAL ESTATE · Century 21 Real Estate
(724) 864-5916
Listed By:
Hunter Donnelly · License #RS359128
(724) 864-5916
Added: Aug 25
Changed: Aug 27
Last Checked: Aug 30 at 4:06PM
MLS# 1771347
Copyright © 2026 West Penn Multi List, Inc. 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 all-brick medical office property contains approximately 2,200 square feet on a 0.4414-acre parcel. The interior includes a reception and waiting area, multiple private treatment or office rooms, administrative and work areas, two restrooms, laundry, and adaptable space for professional, medical, wellness, service, or office operations. A detached garage at the rear adds storage or workspace.
The property is located at 1802 Lincoln Way in White Oak, PA, with direct access along Lincoln Way and approximately 12 off-street parking spaces. Zoned C2, the building is currently occupied by a chiropractic and wellness practice. The layout and existing improvements support consideration by an owner-user or investor, while the business and equipment are offered separately.
The property is located at 1802 Lincoln Way in White Oak, PA, with direct access along Lincoln Way and approximately 12 off-street parking spaces. Zoned C2, the building is currently occupied by a chiropractic and wellness practice. The layout and existing improvements support consideration by an owner-user or investor, while the business and equipment are offered separately.
Key Highlights
- Approximately 2,200 square feet on a 0.4414‑acre parcel
- All‑brick building with reception, waiting, treatment, office, and administrative areas
- Approximately 12 off‑street parking spaces
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
$28,104
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
8.03%
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%
$562,080
$562.1K
Cap Rate 7%
$401,486
$401.5K
Cap Rate 9%
$312,267
$312.3K
Market Conditions
NOI Build-Up for 2,200 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
$49.6K $22.56/SF
− Vacancy
−$12.2K −$5.53/SF
EGI
$37.5K $17.03/SF
− OpEx
−$9.4K −$4.26/SF
NOI
$28.1K $12.77/SF
Area
Allegheny County, PA
Vacancy
24.50%
Lease Rate
$22.56 /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%
$562,080
Cap Rate 7%
$401,486
Cap Rate 9%
$312,267
Alternative Uses
Best Use
Office B
$401.5K
$351.3K – $468.4K
NOI $28,104 @ 7.0% cap · market cap 8.03%
Second Best
Healthcare Medical
$143.7K
$125.8K – $167.7K
NOI $10,060 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$560.4K
$490.3K – $653.8K
NOI $39,226 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15131, PA
8,144
Population
4,219
Households
1.9
Avg Household Size
52
Median Age
30%
College-Educated
96%
High-School Grad
6.6 sq mi
ZIP Area
1,234
Density / Sq Mi
$68,496
Median Household Income
$44,320
Median Earnings
$999
Median Rent
$147,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - All-brick professional facility with treatment rooms, administrative areas, laundry, restrooms, and a flexible commercial layout.
Where is this medical office space located?
The property is located at 1802 Lincoln Way McKeesport, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Approximately 2,200 square feet on a 0.4414‑acre parcel; All‑brick building with reception, waiting, treatment, office, and administrative areas; Approximately 12 off‑street parking spaces
