Listing Agency: PIATT SOTHEBY'S INTERNATIONAL REALTY i***@piattsir.com

Listed By: Mark Jennings Show Phone

Source: Exprealty

Added: Oct 26 Changed: Oct 30 Last Checked: Oct 30 at 3:30PM

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Investment Insights

Based on property information with market context.

This retail property encompasses approximately 3,000 square feet on a 0.87-acre site. The space is described as adaptable for retail, showroom, office, service, or other permitted commercial uses.

State Route 31 frontage places the property near Donegal and Seven Springs, with access to surrounding communities and nearby tourism, recreation, lodging, and dining destinations.

Key Highlights

• Approximately 3,000 square feet of retail space
• 0.87‑acre property
• Located along State Route 31 near Donegal and Seven Springs

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,587

Cap Rate

5.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$691,740 $691.7K

Cap Rate 7%

$494,100 $494.1K

Cap Rate 9%

$384,300 $384.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$54.0K $18.00/SF

− Vacancy

−$4.6K −$1.53/SF

EGI

$49.4K $16.47/SF

− OpEx

−$14.8K −$4.94/SF

NOI

$34.6K $11.53/SF

Area

Westmoreland County, PA

Vacancy

8.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$691,740

Cap Rate 7%

$494,100

Cap Rate 9%

$384,300

Alternative Uses

Best Use

Retail

$494.1K

$432.3K – $576.5K (±1% cap)

NOI $34,587 @ 7.0% cap · market cap 5.12%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$764.1K

$668.6K – $891.5K (±1% cap)

NOI $53,490 @ 7.0% cap · market cap 7.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Electrical Service Auto Parts Store Furniture & Home Goods Bakery (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

83

Businesses Nearby

11k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

6,958 visits/mo 0.3 miles

Family Dollar Shops & Services

3,767 visits/mo 0.2 miles

Demographics for 15646, PA

201

Population

101

Households

2

Avg Household Size

51

Median Age

16%

College-Educated

98%

High-School Grad

1.1 sq mi

ZIP Area

183

Density / Sq Mi

$66,486

Median Household Income

$65,304

Median Earnings

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Retail space - The property offers adaptable space for retail, showroom, office, or service functions.

Where is this retail space located?

The property is located at 3829 State Route 31 Jones Mills, PA.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: Approximately 3,000 square feet of retail space; 0.87‑acre property; Located along State Route 31 near Donegal and Seven Springs