Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hermitage, PA Commercial Land Title is generated by Realmo AI

    2003 S Hermitage Rd, Hermitage, PA 16148

    View on Map
    Claim this Listing
    Pending
    $249,900

    Unimproved Land - Hermitage, PA

    Type:Unimproved Land
    Lot size:
    0.80 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    139
    Last Refresh:
    May 27 at 11:06 am

    Property Features for 2003 S Hermitage Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Zoning
    HC
    Standard status
    Pending
    Lot size
    0.80 Acres

    Taxes and HOA fees

    Tax Annual Amount
    567

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Samantha Blundo

    Listing agent Samantha Blundo

    Listing office CASTLE REALTY 2911 Willmington Road, New Castle, PA

    Listing date Jan 8, 2026

    MLS# 1736332 Listing URL

    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.

    HighLights

    • Prime commercial property on highly trafficked Route 18.
    • Desirable location in Hermitage, PA.
    • 171‑foot road frontage.
    • 270‑foot depth.
    • High traffic location.
    • Favorable location coordinates: [-80.456276,41.206177].

    Overview

    This commercial land is located on Route 18 in Hermitage, Pennsylvania. The property has 171 feet of road frontage and a depth of 270 feet. The lot size is 0.8 acres. The zoning is HC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hermitage
    County
    Mercer
    State
    Pennsylvania
    Longitude
    -80.456276
    Latitude
    41.206177

    Nearby Similar for Sale

    • $925,000

      Hermitage Commercial Land For Sale

      Two contiguous commercial parcels totaling 1.87 acres in Hermitage, PA.
      619 - 649 N Hermitage, Hermitage, PA 16148
      View Details
    • $449,900

      Hermitage Commercial Lot on Route 18

      Commercial lot in Hermitage's commercial district on Route 18.
      920 N Hermitage Road, Hermitage, PA 16148
      View Details
    • $449,900

      Commercial Lot on Route 18

      Commercial land in Hermitage, PA with utilities and paved lot.
      920 N Hermitage Road, Hermitage, PA 16148
      View Details
    • $249,900

      Prime Commercial Land on Route 18

      Highly visible commercial land with road frontage on Route 18.
      2003 S Hermitage Rd, Hermitage, PA 16148
      View Details
    • $185,000

      Hermitage Office Space with Upgrades

      Upgraded Hermitage office space near future town center.
      3776 E State St, Hermitage, PA, 16148-3409
      View Details
    • $74,250

      Vacant Land in Hermitage, PA

      One-acre vacant land parcel available in Hermitage, Pennsylvania.
      859 S Hermitage Rd, Hermitage, PA 16148
      View Details
    • $4,999,000
      14,907 SF

      New Veterans Affairs Outpatient Center

      New build-to-suit outpatient center leased to Veterans Affairs.
      1505 N Hermitage Rd, Hermitage, PA
      View Details
    • $270,000

      Commercial Land on State Route

      Commercial land available 1.6 miles north of I-80.
      1780 Maple Dr, Hermitage, PA 16148
      View Details
    • $449,900

      Prime Commercial Lot on Route 18

      Commercial lot in Hermitage with utilities and paved surface.
      920 North Hermitage Road, Hermitage, PA 16148
      View Details
    • $5,385,000
      52,492 SF

      Walmart Shadow Anchored Retail Center

      Retail center anchored by national tenants and shadowed by Walmart.
      1041 N Hermitage Rd, Hermitage, PA 16148
      View Details
    • $519,000
      7,533 SF

      Former Hospitality Care Facility

      Two buildings on 2.14 acres near proposed Town Center.
      3726 E State St, Hermitage, PA 16148
      View Details
    • $1,327,000
      2,000 SF

      Hermitage Commercial Land for Lease

      2.92 acre commercial land available for lease.
      N Hermitage Rd, Hermitage, PA
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land on highly trafficked Route 18 in Hermitage, PA.
    Where is this commercial land located?
    The property is located at 2003 S Hermitage Rd Hermitage, PA.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: Prime commercial property on highly trafficked Route 18.; Desirable location in Hermitage, PA.; **171‑foot road frontage.**
    (724) 654-5589
    We can help!
    Listing Contact
    Samantha Blundo
    Real Estate License ID: RS325998
    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

    Thank You for Inquiry
    2003 S Hermitage Rd, Hermitage, PA 16148
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!