Add Listing
    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

    53 Oak Spring Rd Washington, PA 15301

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Three-story building with high visibility and ample parking.

    Type:Office
    Property size:
    3,000 SF
    Added:
    Mar 8, 2024
    Days on Market:
    766
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 53 Oak Spring Rd

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1925

    We can help!

    Listing Contact
    Doug Burig

    Listing agent Doug Burig License #PA

    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

    Overview

    Well-Maintained Building with Parking

    This well-maintained three-story building offers high visibility and convenient access to I-70, I-79, and Route 19. The property includes two large blacktop parking lots with a total of 30 parking spaces. The upper parking lot is approved for vehicle storage. The building is situated in a location accessible via a few traffic lights.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Furry Friends Camp Kennel & Boarding Facility Tang Yi Spa Alternative Medicine Practice STORAGE at Furry Friends ... Storage Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Washington
    State
    Pennsylvania
    Longitude
    -80.24039
    Latitude
    40.18676

    Nearby Similar for Sale

    • $397,000

      Auto Business Opportunity, Washington, PA

      Established auto body shop on a high-visibility corner lot.
      140 Highland Ave, City of Washington, PA 15301
      View Details
    • $730,000

      Freestanding Office Property on 2 Acres

      5208 sq ft office building on 2 acres.
      590 Washington Road, South Strabane, PA 15301
      View Details
    • $999,900

      Turn-Key Mixed-Use Commercial Property

      Two-building commercial property with bar, restaurant, apartments, and retail.
      88 N Main St, City of Washington, PA 15301
      View Details
    • $335,000

      South Strabane Commercial Opportunity

      Commercial property in Washington County's growth corridor.
      800 Washington Road, South Strabane, PA 15301
      View Details
    • $160,000

      Versatile Office in Central District

      Commercial property in Washington's Central Business District, ideal for offices.
      27 S College St, Washington, PA 15301
      View Details
    • $1,700,000

      Chartiers Farm with Great Views

      74.3-acre farm property with utilities and excellent views.
      560 Old Hickory Ridge Rd, Chartiers, PA 15301
      View Details
    • $895,000

      Prime Commercial Property Near Highway

      1.5-acre commercial property with high visibility and versatile zoning.
      817 Wilmington St (Rt 70 Jessop exit), Canton Twp, PA 15301
      View Details
    • $599,900

      Mixed-Use Property on Henderson Avenue

      Commercial building with garage, residential rental, and ample parking.
      1120 Henderson Ave, Canton Twp, PA 15301
      View Details
    • $385,000

      Washington Fabrication Facility with Cranes

      Fabrication facility with cranes, office, and laydown space.
      295 Meadow Ave, City of Washington, PA 15301
      View Details
    • $199,900

      Washington, PA Fourplex with Garage

      Value-add fourplex with below-market rents and separate utilities.
      306 E Maiden St, City of Washington, PA 15301
      View Details
    • $199,900

      Fourplex with Below-Market Rents

      Value-add fourplex with separate utilities and multiple income streams.
      306 E Maiden St, City of Washington, PA 15301
      View Details
    • $399,900

      Historic Schoolhouse Redevelopment Opportunity

      Solid brick schoolhouse with redevelopment potential in South Strabane, PA.
      1530 Hillcrest Ave, South Strabane, PA 15301
      View Details

    FAQs

    What type of property is this?
    Office building - Three-story building with high visibility and ample parking.
    Where is this office building located?
    The property is located at 53 Oak Spring Rd Washington, PA.
    What is the asking price?
    The asking price for this property is $242,000.
    What are key features of this property?
    This property features: 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
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Doug Burig
    Real Estate License ID: PA
    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!