53 Oak Spring Rd Washington, PA 15301
Three-story building with high visibility and ample parking.
Property Features for 53 Oak Spring Rd
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1925
Listing office KW Commercial Pittsburgh South
Listing date Mar 8, 2024
Source Crexi
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 KW Commercial Pittsburgh South
Investment Insights
Based on property information with market context.
Key Highlights
- Convenient location with easy access to I70/I79/RT19
- Two large black top parking lots with 30 parking spaces
- Approved for vehicle storage in upper parking lot
Local Financial Insights For Industrial
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 | $28.4k | $9.48 |
| − Vacancy | −$1.9k | −$0.64 |
| EGI | $26.5k | $8.84 |
| − OpEx | −$8.0k | −$2.65 |
| NOI | $18.6k | $6.18 |
