Neshannock Township Office
3135 Wilmington Rd New Castle, PA 16105
For Sale
Contact for pricing
Pending
Two-story office building near Jameson Hospital with flexible commercial zoning.
Property Size7,000 SF
Days on Market662
Property Features for 3135 Wilmington Rd
General Information
- Standard status
- Pending
- Size
- 7,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing Agency:
Re/Max Select Realty
(724) 933-6300
Listed By:
Beth Schneider · License #348983
Source:
Crexi
Added: Oct 1, 2024
Changed: Jul 6
Last Checked: Jul 22 at 9:39AM
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 Re/Max Select Realty
Investment Insights
Based on property information with market context.
This two-story brick building, constructed in 2006, offers approximately 7,000 square feet of finished space. The upper level, designed for medical office use, features a reception area, seven exam rooms, three offices, three ADA-compliant restrooms, a nurses' station, and a private rear entrance, totaling nearly 4,000 square feet. The lower level includes a central open space, three offices, a conference room, a storage area, and two restrooms, encompassing almost 3,000 square feet. The building has separate utilities and HVAC systems. It also features a pre-cast concrete basement with soundproofing insulation and pre-engineered wood trusses supporting the roof. There are 28 paved parking spaces with access from a side road. The property is commercially zoned with multiple possible uses. It is located in Neshannock Township, less than three miles from Jameson Hospital in New Castle.
Key Highlights
- Prime office space in Neshannock Township, less than three miles from Jameson Hospital.
- Almost 7000 SF of finished space in a two‑story, all‑brick building built in 2006.
- Upstairs designed for medical office use with 7 exam rooms, large reception area, and ADA compliant restrooms.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.0k | $15.00 |
| − Vacancy | −$7.9k | −$1.13 |
| EGI | $97.1k | $13.88 |
| − OpEx | −$38.9k | −$5.55 |
| NOI | $58.3k | $8.33 |
7,000 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,422 @ 7.0% cap · market cap 9.95%
Second Best
Healthcare Medical
$832.5K
$728.4K – $971.3K
NOI $58,275 @ 7.0% cap · market cap 6.48%
Theoretical Best
Warehouse
$8.50M
$7.44M – $9.92M
NOI $595,156 @ 7.0% cap · market cap 66.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Walter D. Bender, ...
Pediatrician
Dr. George Antonescu, ...
Pediatrician
Antonescu Doina MD
Pediatrician
ABC Pediatric Care
Pediatrician
Sherwat Abdelrahman
Pediatrician
FAQs
What type of property is this?
Medical Office Space - Two-story office building near Jameson Hospital with flexible commercial zoning.
Where is this medical office space located?
The property is located at 3135 Wilmington Rd New Castle, PA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Prime office space in Neshannock Township, less than three miles from Jameson Hospital.; Almost 7000 SF of finished space in a two‑story, all‑brick building built in 2006.; Upstairs designed for medical office use with 7 exam rooms, large reception area, and ADA compliant restrooms.
