Versatile Retail and Office
For Sale
Contact for pricing
196 Murtland Avenue, Washington, PA 15301
Commercial building features an open floor plan with several private offices and ample parking near major roadways.
Property Size4,600 SF
Price / SF$217.39
Days on Market132
Property Features for 196 Murtland Avenue
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Retail, Office
Zoning
C2 - General Commercial District
Lease Type
NNN
Investment Type
Redevelopment
Building Details
Tenancy
Single
Listing Agency:
Totum Realty Advisors
Listed By:
Michael Castle · License #PA AB068356
(304) 290-7826
Source:
Crexi
Added: May 5
Changed: Sep 10
Last Checked: Sep 13 at 7:14AM
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 Totum Realty Advisors
Investment Insights
Based on property information with market context.
196 Murtland Avenue is a versatile commercial building offering a flexible interior layout for multiple uses. The space includes an expansive open floor plan supported by several private offices, which can support configurations such as retail, showroom, or professional office space.
The property is positioned along Murtland Ave. and sits just off Jefferson Ave. (PA-18). It provides convenient access to Interstates I-70 and I-79, supporting regional connectivity throughout southwestern Pennsylvania. The corridor setting includes ample frontage along with easy ingress and egress, and the site is described as having ample parking for daily customer and employee access.
For prospective tenants and buyers, the combination of open and private office areas, straightforward access, and adaptable footprint can support a range of business operating needs within an established commercial environment.
The property is positioned along Murtland Ave. and sits just off Jefferson Ave. (PA-18). It provides convenient access to Interstates I-70 and I-79, supporting regional connectivity throughout southwestern Pennsylvania. The corridor setting includes ample frontage along with easy ingress and egress, and the site is described as having ample parking for daily customer and employee access.
For prospective tenants and buyers, the combination of open and private office areas, straightforward access, and adaptable footprint can support a range of business operating needs within an established commercial environment.
Key Highlights
- 4,600 SF commercial property on Murtland Ave in Washington, PA
- Open floor plan plus several private offices for flexible retail, showroom, or professional office layouts
- Located just off Jefferson Ave (PA‑18) with minutes access to Interstates I‑70 and I‑79
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
$46,368
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
4.64%
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%
$927,360
$927.4K
Cap Rate 7%
$662,400
$662.4K
Cap Rate 9%
$515,200
$515.2K
Market Conditions
NOI Build-Up for 4,600 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
$69.0K $15.00/SF
− Vacancy
−$2.8K −$0.60/SF
EGI
$66.2K $14.40/SF
− OpEx
−$19.9K −$4.32/SF
NOI
$46.4K $10.08/SF
Area
Washington 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 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%
$927,360
Cap Rate 7%
$662,400
Cap Rate 9%
$515,200
Alternative Uses
Best Use
Retail
$662.4K
$579.6K – $772.8K
NOI $46,368 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.42M
$1.24M – $1.65M
NOI $99,219 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
357k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Groceries 26%
Shops & Services 18%
Home Improvements & Furnishings 16%
Giant Eagle Supermarket
Groceries
62,652 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
36,811 visits/mo
0.2 miles
Aldi
Groceries
30,288 visits/mo
0.5 miles
Cracker Barrel Old Country Store
Dining
25,649 visits/mo
0.5 miles
GetGo Gas Station
Shops & Services
21,215 visits/mo
0.4 miles
Demographics for 15301, PA
48,963
Population
24,001
Households
2
Avg Household Size
45
Median Age
27%
College-Educated
92%
High-School Grad
122.0 sq mi
ZIP Area
401
Density / Sq Mi
$69,275
Median Household Income
$43,546
Median Earnings
$927
Median Rent
$205,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial building features an open floor plan with several private offices and ample parking near major roadways.
Where is this retail space located?
The property is located at 196 Murtland Avenue Washington, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4,600 SF commercial property on Murtland Ave in Washington, PA; Open floor plan plus several private offices for flexible retail, showroom, or professional office layouts; Located just off Jefferson Ave (PA‑18) with minutes access to Interstates I‑70 and I‑79
