Office/Flex
For Sale
Contact for pricing
2590 Park Center Boulevard, State College, PA 16801
Professional commercial space in Park Center business district near I-99 and Route 322.
Property Size5,067 SF
Price / SF$236.83
Days on Market87
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 2590 Park Center Boulevard
General Information
Standard status
Active
Size
5,067 SF
Property subtype
Retail
Lease Type
NNN
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Tenancy
Single
Building Size
5,067 SF
Listing Agency:
Bennett Williams Commercial Exton
Listed By:
Derick Evans · License #RS379689
Source:
Crexi
Added: Jul 21
Changed: Oct 4
Last Checked: Oct 14 at 10:55PM
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 Bennett Williams Commercial Exton
Investment Insights
Based on property information with market context.
This 5,067-square-foot office and flex building at 2590 Park Center Blvd. provides a professional commercial setting within the Park Center business district. The property is positioned for office, medical, technology, or flex operations, offering a versatile format for businesses requiring both administrative and functional workspace.
Access is a key attribute, with the building located minutes from I-99, Route 322, Penn State University, and downtown State College. Its State College, PA location places the property within Centre County’s established business environment.
Access is a key attribute, with the building located minutes from I-99, Route 322, Penn State University, and downtown State College. Its State College, PA location places the property within Centre County’s established business environment.
Key Highlights
- 5,067 SF office/flex building
- Located in the Park Center business district
- Minutes from I‑99 and Route 322
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,088
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,760
$1.2M
Cap Rate 7%
$872,686
$872.7K
Cap Rate 9%
$678,756
$678.8K
Market Conditions
NOI Build-Up for 5,067 SF
Gross rent
$111.3K $21.96/SF
− Vacancy
−$9.5K −$1.87/SF
EGI
$101.8K $20.09/SF
− OpEx
−$40.7K −$8.04/SF
NOI
$61.1K $12.06/SF
Area
Centre County, PA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,760
Cap Rate 7%
$872,686
Cap Rate 9%
$678,756
Alternative Uses
Best Use
Healthcare Medical
$872.7K
$763.6K – $1.02M
NOI $61,088 @ 7.0% cap · market cap 5.09%
Second Best
Office B
$835.5K
$731.1K – $974.8K
NOI $58,486 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.12M
$979.2K – $1.31M
NOI $78,335 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16801, PA
42,446
Population
19,242
Households
2.2
Avg Household Size
28
Median Age
67%
College-Educated
98%
High-School Grad
31.1 sq mi
ZIP Area
1,365
Density / Sq Mi
$62,821
Median Household Income
$27,598
Median Earnings
$1,221
Median Rent
$400,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Professional commercial space in Park Center business district near I-99 and Route 322.
Where is this flex space located?
The property is located at 2590 Park Center Boulevard State College, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5,067 SF office/flex building; Located in the Park Center business district; Minutes from I‑99 and Route 322
