Listing Agency: BERKSHIRE HATHAWAY THE PREFERRED REALTY

Listed By: Charles Swidzinski · License #RS183338L Show Phone

Source: Exprealty

Added: Jul 16 Changed: Oct 8 Last Checked: Oct 20 at 11:06PM

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Investment Insights

Based on property information with market context.

Located at 195 New Castle Rd in Butler, this for-sale property presents flexible retail and office space totaling over 1,800 square feet on just under one acre. The building is positioned to support a range of commercial uses, with space that can be adapted to fit a variety of business concepts.

The site is described as highly visible and high-traffic, with convenient regional access. It is approximately two miles from downtown Butler, about 30 minutes to Cranberry Township, and less than an hour from Pittsburgh, supporting customer reach across the area.

If you’re looking for a centrally accessible commercial building that can be tailored to your operation, this property offers a straightforward platform to begin that transformation.

Key Highlights

• Flexible retail/office property on just under one acre
• Over 1,800 SF of versatile space for a wide range of commercial uses
• High‑visibility, high‑traffic setting

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,144

Cap Rate

4.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$362,880 $362.9K

Cap Rate 7%

$259,200 $259.2K

Cap Rate 9%

$201,600 $201.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$27.0K $15.00/SF

− Vacancy

−$1.1K −$0.60/SF

EGI

$25.9K $14.40/SF

− OpEx

−$7.8K −$4.32/SF

NOI

$18.1K $10.08/SF

Area

Butler County, PA

Vacancy

4.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$362,880

Cap Rate 7%

$259,200

Cap Rate 9%

$201,600

Alternative Uses

Best Use

Retail

$259.2K

$226.8K – $302.4K (±1% cap)

NOI $18,144 @ 7.0% cap · market cap 4.03%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$458.5K

$401.2K – $534.9K (±1% cap)

NOI $32,094 @ 7.0% cap · market cap 7.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Restaurant Kitchen & Bath Showroom Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

242

Businesses Nearby

94k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 64% Home Improvements & Furnishings 18% Shops & Services 18%

Wendy's Dining

23,032 visits/mo 0.3 miles

Eat'n Park Dining

15,701 visits/mo 0.3 miles

Tractor Supply Co. Home Improvements & Furnishings

14,800 visits/mo 0.5 miles

Burger King Dining

11,728 visits/mo 0.2 miles

Jiffy Lube Shops & Services

7,411 visits/mo 0.5 miles

Demographics for 16001, PA

40,085

Population

19,757

Households

2

Avg Household Size

46

Median Age

28%

College-Educated

94%

High-School Grad

75.8 sq mi

ZIP Area

529

Density / Sq Mi

$61,325

Median Household Income

$42,542

Median Earnings

$864

Median Rent

$191,400

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Flexible retail/office property for sale on under one acre with over 1,800 SF in a high-visibility, high-traffic setting.

Where is this retail space located?

The property is located at 195 New Castle Rd Butler, PA.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Flexible retail/office property on just under one acre; Over 1,800 SF of versatile space for a wide range of commercial uses; High‑visibility, high‑traffic setting