Updated Multi-Tenant Office
For Sale
$799,000
621 N 4TH STREET, Jeannette, PA 15644
CommercialSale, Jeannette, PA
Property Size5,500 SF
Lot Size0.53 Acres
Price / SF$145.27
Days on Market56
Property Features for 621 N 4TH STREET
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C
Zoning description
C
Parking
25
Directions
GPS IS ACCURATE
Subdivision
Jeannette
Standard status
Active
Lot size
0.53 Acres
Taxes and HOA fees
Tax Annual Amount
8140
Building Details
Year built
2006
Building materials
Concrete
Listing Agency:
REALTY ONE GROUP GOLD STANDARD
Listed By:
Steve Limani · License #RS322169
(724) 941-1427
Added: Aug 31
Changed: Oct 19
Last Checked: Oct 25 at 10:06PM
MLS# 1772350
Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,500-square-foot office building in Jeannette contains four separate suites within a 2006 concrete structure. Two upper-level suites are tenant occupied, while the other areas can support additional leasing or owner occupancy. The property has undergone substantial improvements, including a newer roof, updated HVAC systems, and renovated office interiors. Separate utilities serve each suite, supporting independent occupancy arrangements.
Set on approximately 0.525 acres at 621 N 4th Street, the property includes on-site parking and is positioned in a visible commercial setting. C zoning supports its office-oriented use, while the multi-suite layout provides flexibility for an investor, owner-user, or combined occupancy strategy.
Set on approximately 0.525 acres at 621 N 4th Street, the property includes on-site parking and is positioned in a visible commercial setting. C zoning supports its office-oriented use, while the multi-suite layout provides flexibility for an investor, owner-user, or combined occupancy strategy.
Key Highlights
- 5,500‑square‑foot office building with four separate suites
- Two upper‑level suites are currently tenant occupied
- Approximately 0.525 acres with on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,260
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,405,200
$1.4M
Cap Rate 7%
$1,003,714
$1.0M
Cap Rate 9%
$780,667
$780.7K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$124.1K $22.56/SF
− Vacancy
−$30.4K −$5.53/SF
EGI
$93.7K $17.03/SF
− OpEx
−$23.4K −$4.26/SF
NOI
$70.3K $12.77/SF
Area
Westmoreland County, PA
Vacancy
24.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,405,200
Cap Rate 7%
$1,003,714
Cap Rate 9%
$780,667
Alternative Uses
Best Use
Office B
$1.00M
$878.3K – $1.17M
NOI $70,260 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,065 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
Business Placement
Demographics for 15644, PA
18,320
Population
9,272
Households
2
Avg Household Size
46
Median Age
28%
College-Educated
96%
High-School Grad
22.1 sq mi
ZIP Area
829
Density / Sq Mi
$64,555
Median Household Income
$41,416
Median Earnings
$860
Median Rent
$160,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Renovated office property with multiple suites, separate utilities, on-site parking, and C zoning.
Where is this office building located?
The property is located at 621 N 4TH STREET Jeannette, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,500‑square‑foot office building with four separate suites; Two upper‑level suites are currently tenant occupied; Approximately 0.525 acres with on‑site parking
