Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    3121 Wilmington Rd Ste 2 New Castle, PA 16105

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,900 /Mo

    Office/medical space for lease in Neshannock Township.

    Lot size:
    1.04 Acres
    Added:
    May 3, 2025
    Days on Market:
    362
    Last Refresh:
    Jan 20 at 11:07 am

    Property Features for 3121 Wilmington Rd Ste 2

    General Information

    Standard status
    Active
    Lot size
    1.04 Acres

    We can help!

    Listing Contact
    Anthony Staph Jr

    Listing agent Anthony Staph Jr License #RS366076

    Listing office castle realty

    Listing date May 3, 2025

    Source Exprealty

    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 castle realty

    Overview

    Neshannock Township Office/Medical Space

    This office/medical space is available for lease in Neshannock Township, situated right off Wilmington Road. The unit features a waiting room, a reception area, five offices or exam rooms, a kitchen area, a lab room, and a half bathroom. A minimum lease term of two years is required.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    North Pittsburgh Oral ... Dental Office North Pittsburgh Oral ... Dental Office North Pittsburgh Oral ... Dental Office Gary Snee Kreps Dental Office North Pittsburgh Oral ... Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Lawrence
    State
    Pennsylvania
    Longitude
    -80.3572
    Latitude
    41.0486

    Nearby Similar for Lease

    • $1,500/Mo

      Adaptable Commercial Space Available

      Flexible commercial space suitable for various business types.
      2 E Moody Ave, New Castle, PA 16101
      View Details
    • $2,000/Mo

      Versatile Space on High-Traffic Corner

      Adaptable space suited for food service, events, or retail.
      3420 Perry Highway, Scott Twp, PA 16101
      View Details
    • $1,213/Mo

      Neshannock Twp Office Space

      Trendy industrial style office space for rent in Neshannock.
      3009 Wilmington Rd, Suite G-3, Neshannock Twp, PA 16105
      View Details
    • $2,014/Mo

      Adaptable Office Space For Rent

      Commercial office front with adaptable space in high-visibility location.
      3009 Wilmington Rd, Suite A/B, Neshannock Twp, PA 16105
      View Details
    • $2,300/Mo

      Shenango Twp Office Space For Rent

      Commercial space with high visibility and ample parking.
      2630 Ellwood Rd, Shenango Twp, PA 16101
      View Details
    • $3,500/Mo

      Shenango Twp Office Space

      Commercial space with high visibility and ample parking.
      2640 Ellwood Rd, Shenango Twp, PA 16101
      View Details
    • $1,650/Mo

      Shenango Twp Office Space For Rent

      Commercial space with high visibility and ample parking.
      2626 Ellwood Rd, Shenango Twp, PA 16101
      View Details
    • $1,300/Mo

      other-commercial-real-estate

      19 Washington St, Unit 4, New Castle, PA 16101
      View Details
    • $500/Mo

      Updated Office Space in Riverplex

      Modern office space in the heart of Downtown New Castle.
      11 S Mill Street, Suite 402, New Castle, PA 16101
      View Details
    • $800/Mo

      Office Space in Neshannock Twp

      Office space available for rent in Neshannock Twp, PA.
      2616 Wilmington Road Suite E, Neshannock Twp, PA 16105
      View Details
    • $3,900/Mo

      Office Space in Neshannock Twp

      Office space for lease in Neshannock Twp, Pennsylvania.
      2616 Wilmington Road - Suite A, Neshannock Twp, PA 16105
      View Details
    • Contact for pricing

      Restaurant Space with Patio

      Restaurant with indoor and outdoor seating available for rent.
      3108 New Butler Road, New Castle, PA, 16101
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Office/medical space for lease in Neshannock Township.
    Where is this medical office space located?
    The property is located at 3121 Wilmington Rd Ste 2 New Castle, PA.
    What is the lease rate?
    The lease rate is $1,900 /Mo.
    What are key features of this property?
    This property features: Office/medical space available for lease.; Located in Neshannock Township, right off Wilmington Road.; Includes a waiting room and reception area.
    (724) 654-5589
    We can help!
    Listing Contact
    Anthony Staph Jr
    Real Estate License ID: RS366076
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!