Sign Up Successful!
You now have access to more from Realmo!
    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

    2750 William Penn Ave Johnstown, PA 15909

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $165,000

    Well-kept office space with parking and potential for rezoning.

    Lot size:
    1.00 Acre

    Property Features for 2750 William Penn Ave

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre

    We can help!

    Listing Contact
    Michele Haschak
    Source: Exprealty

    Listing Agency: BHHS Preferred Johnstown Listing Agent: Michele Haschak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Office Space Available Now

    Approximately 1600 sq. ft. of office space is currently available in the Jackson Township area. The building features a reception area, a waiting room, a kitchen, and multiple private offices. A clean, dry basement provides storage space for inventory or files. The property includes a newly installed well for an independent water supply. The parking lot accommodates up to 25 vehicles. Additional acreage is available for expansion. The property has the potential to be rezoned for residential use.
    Location Intelligence

    Current Use by Public Records

    Donald M. Leckey, ... Optometrist

    Suggested Use

    Restaurant Law Firm Dental Office Hair Salon Auto Repair Shop Pharmacy Hotel & Motel Grocery Store Food Market Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Cambria
    State
    Pennsylvania
    Longitude
    -78.857704
    Latitude
    40.408653

    Nearby Similar for Sale

    • $50,000
      3,024 SF

      Johnstown Multi-Family Investment Opportunity

      Three residential units for sale in Johnstown, Pennsylvania.
      936 Fronheiser St, Johnstown, PA 15902
      View Details
    • $275,000

      Turnkey Winery Business Opportunity

      Two locations: tasting room and production facility with equipment.
      900 Broad St, Johnstown, PA 15906
      View Details
    • $1,500,000
      17.00 Acres

      Johnstown Commercial/Industrial Opportunity

      27,300 SF commercial building on 17 acres near airport.
      1770 Frankstown Rd, Johnstown, PA 15902
      View Details
    • $345,000
      0.62 Acres

      Established Bar/Restaurant with Parking

      Profitable bar/restaurant with liquor license and ample parking.
      640 Bedford St, Johnstown, PA 15902
      View Details
    • Contact for pricing
      Pending

      Johnstown Duplex with Garage

      Two-unit property with garage near amenities in Johnstown, PA.
      533-535 Fronheiser St, Johnstown, PA 15902
      View Details
    • $4,250,000
      0.83 Acres

      Established Auto Business For Sale

      Thriving auto business in Johnstown, PA with real estate included.
      629 Scalp Ave, Johnstown, PA 15904
      View Details
    • $94,900
      2,163 SF

      Two Single Family Homes Package

      Two adjacent single-family homes in Johnstown's West End.
      202 Strayer St, Johnstown, PA 15906
      View Details
    • $89,900
      0.33 Acres

      Versatile Commercial Property in Johnstown

      Commercial property with rental income potential in Johnstown, Pennsylvania.
      633 Horner St, Johnstown, PA 15902
      View Details
    • $77,500
      1,568 SF

      Johnstown Duplex: Investment Opportunity

      Duplex in Johnstown's 8th Ward, ideal for investment or owner-occupancy.
      128-130 Marshall Ave, Johnstown, PA 15905
      View Details
    • $675,000
      0.60 Acres

      Turnkey Car Wash Business Opportunity

      Established car wash, detailing, and gift store on 0.6 acres.
      925 Menoher Blvd, Johnstown, PA 15905
      View Details
    • New
      $649,000
      Pending

      Commercial Property on 3.4 Acres

      Two well-maintained buildings on 3.4 acres with expansion potential.
      404 Walters Ave, Johnstown, PA 15904
      View Details
    • $155,000
      1.03 Acres

      Renovated Commercial Opportunity in Johnstown

      Updated commercial building with apartment and parking in Johnstown.
      534 Sheridan St, Johnstown, PA 15906
      View Details

    FAQs

    What type of property is this?
    Office space - Well-kept office space with parking and potential for rezoning.
    Where is this office space located?
    The property is located at 2750 William Penn Ave Johnstown, PA.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: - Prime office space in Jackson Township with approximately 1600 sq. ft.; - Parking lot that accommodates up to 25 vehicles.; - Includes a reception area, roomy waiting room, kitchen, and several private offices.
    (814) 270-7315
    Request Owner's contact information
    2750 William Penn Ave Johnstown, PA 15909
    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.
    2750 William Penn Ave
    Johnstown, PA 15909
    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
    2750 William Penn Ave Johnstown, PA 15909
    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

    We can help!
    Listing Contact
    Michele Haschak
    (814) 270-7315
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.