Building Details

Year built 1962

Listing Agency: CENTURY 21 FAIRWAYS REAL ESTATE · Century 21 Real Estate Show Phone

Listed By: Susan Gill/ Dan Lyons · License #RM423921 Show Phone

Added: Jan 19 Changed: Sep 9 Last Checked: Sep 9 at 7:06PM

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MLS# 1737516

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.

Investment Insights

Based on property information with market context.

This one-story flex property contains 22,684 square feet across three connected sections that can accommodate multiple occupants or a single user. The layout combines retail and showroom areas with private offices, conference space, workrooms, lunch rooms, utility areas, and warehouse facilities totaling approximately 18,000 square feet. Warehouse clear heights reach 16 feet, with multiple dock and drive-in doors, including 12' x 14' and 8' x 10' openings. The building dates to 1962 and was expanded in 1983, 1988, and 2002. Gas-fired heat, office-area central air conditioning, upgraded electrical service, ADA-compliant restrooms, and monitored fire and security systems are in place.

Positioned along the westbound side of U.S. Route 30 at 6675 Lincoln Highway W in Jeannette, the property offers 427 feet of Route 30 frontage and rear delivery access. Approximately 38 paved parking spaces support customer, staff, and visitor use. Public water, electric, and gas serve the property, with on-site septic.

Key Highlights

• 22,684 square feet of one‑story retail, office, and warehouse space
• Approximately 18,000 square feet of warehouse area
• 427 feet of frontage along U.S. Route 30

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$160,720

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.24%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$3,214,400 $3.2M

Cap Rate 7%

$2,296,000 $2.3M

Cap Rate 9%

$1,785,778 $1.8M

Market Conditions

NOI Build-Up for 22,684 SF 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.

Gross rent

$200.3K $8.83/SF

− Vacancy

−$11.2K −$0.49/SF

EGI

$189.1K $8.34/SF

− OpEx

−$28.4K −$1.25/SF

NOI

$160.7K $7.09/SF

Area

Westmoreland County, PA

Vacancy

5.60%

Lease Rate

$8.83 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$3,214,400

Cap Rate 7%

$2,296,000

Cap Rate 9%

$1,785,778

Alternative Uses

Best Use

Retail

$3.74M

$3.27M – $4.36M (±1% cap)

NOI $261,524 @ 7.0% cap · market cap 13.41%

Second Best

Warehouse

$2.30M

$2.01M – $2.68M (±1% cap)

NOI $160,720 @ 7.0% cap · market cap 8.24%

Theoretical Best

Office A

$5.78M

$5.06M – $6.74M (±1% cap)

NOI $404,458 @ 7.0% cap · market cap 20.74%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Storage Facility Furniture & Home Goods Restaurant

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

Lease Details

16 ft

Clear height

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

73

Businesses Nearby

Balanced

Demand for This Use

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

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Adaptable commercial building combines showroom, office, and warehouse areas with rear delivery circulation and paved on-site parking.

Where is this flex space located?

The property is located at 6675 Lincoln Highway W Jeannette, PA.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: 22,684 square feet of one‑story retail, office, and warehouse space; Approximately 18,000 square feet of warehouse area; 427 feet of frontage along U.S. Route 30