Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1915 Dr Thomas Blvd New Kensington, PA 15068

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

    Office building with 4,560 square feet available for sale.

    Type:Office
    Property size:
    4,560 SF
    Price / SF:
    $85/SF
    Added:
    May 11, 2021
    Days on Market:
    1807
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 1915 Dr Thomas Blvd

    General Information

    Standard status
    Active
    Size
    4,560 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Scott Long

    Listing agent Scott Long License #PA AB069387

    Listing office Pennsylvania Commercial Real Estate Inc

    Listing date May 11, 2021

    Source Crexi

    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 Pennsylvania Commercial Real Estate Inc

    Overview

    New Kensington Office Building For Sale

    This commercial property, suitable for office use, is available for sale. The building provides 4,560 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    New Kensington
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.76732
    Latitude
    40.581595

    Nearby Similar for Sale

    • $149,900

      New Kensington Auto Shop For Sale

      Auto shop with four bays, reception, office, and storage.
      200 Freeport St, New Kensington, PA 15626
      View Details
    • $275,000

      Downtown New Kensington Office Building

      Two-story office building in downtown New Kensington, Pennsylvania.
      701 Fourth Avenue, New Kensington, PA 15068
      View Details
    • $389,000

      Versatile Building in Central Location

      Adaptable building suitable for office, school, or daycare use.
      948-950 Fifth Ave., New Kensington, PA 15068
      View Details
    • $259,000

      Income-Producing Fourplex in New Kensington

      Fourplex with strong cash flow potential in New Kensington, PA.
      874 Kenneth Ave, New Kensington, PA 15068
      View Details
    • $39,000

      Mixed-Use Property in Arnold

      Versatile mixed-use property with commercial and residential potential.
      1611 5th Ave, New Kensington, PA 15068
      View Details
    • $140,000

      New Kensington Office Space Available

      3283 sq ft office space in well-maintained condition.
      251 Seventh Street, New Kensington, PA 15068
      View Details
    • $1,200,000
      4,000 SF

      Flex Space with Drive-Through Bay

      4,000 SF flex space featuring drive-through bay and office.
      740 Greensburg Rd, New Kensington, PA
      View Details
    • $389,000

      Versatile Commercial Building For Sale

      Adaptable commercial property suitable for various business or educational purposes.
      948 5th Ave, New Kensington, PA
      View Details
    • $275,000

      Corner Building in New Kensington

      Corner building located in New Kensington, Pennsylvania.
      701 Fourth Avenue, New Kensington, PA 15068
      View Details
    • $2,282,000
      23,800 SF

      Retail Property with Long-Term Lease

      Retail property with investment grade tenant and long-term lease.
      60 Burrell Plz, New Kensington, PA
      View Details
    • $680,000
      4,800 SF

      Retail Property with High Visibility

      Retail space for sale with ample parking and accessibility.
      700 Craigdell Road, New Kensington, PA
      View Details
    • $390,000
      4,560 SF

      4,560 SF Office Building

      Office building featuring nine offices, conference room, and parking.
      1915 Dr Thomas Blvd, New Kensington, PA
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with 4,560 square feet available for sale.
    Where is this office building located?
    The property is located at 1915 Dr Thomas Blvd New Kensington, PA.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: No property information provided.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Long
    Real Estate License ID: PA AB069387
    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!