Four-Building Mixed-Use
For Sale
$2,500,000
7468 Admiral Peary Highway, Cresson, PA 16630
COMMERCIAL - Cresson, PA
Property Size13,696 SF
Lot Size0.91 Acres
Price / SF$182.54
Days on Market373
Property Features for 7468 Admiral Peary Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Exterior features
Private Yard, Rain Gutters
Lot features
Level, Level
Elementary school district
Penn Cambria
Middle school district
Penn Cambria
High school district
Penn Cambria
Subdivision
Cresson Borough
Standard status
Active
APN
015 119066
Size
13,696 SF
Lot size
0.91 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
15-022. -101.002, 15-022. -103.000, 15-022. -103.001
Tax Annual Amount
8971
Legal Description
15-022. -101.002, 15-022. -103.000, 15-022. -103.001
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating), Forced Air
Water source
Public
Building Details
Year built
1993
Building materials
Vinyl Siding, Wood Siding, Brick
Roof type
Metal, Shingle
Listing Agency:
Lang Real Estate
(814) 886-8111
Listed By:
Sean Ford · License #AB069779
(814) 207-9165
Added: Aug 4, 2025
Changed: Aug 7
Last Checked: Aug 11 at 5:06PM
MLS# 78087
Copyright © 2026 Allegheny Highland Association of Realtors. 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 0.91-acre mixed-use property contains four buildings totaling 13,696 square feet. The improvements include an established retail building with an office, restroom, sales floor, and stock room; a former gas station and corner store with a currently occupied 4-bedroom, 1-bath apartment above; a commercial garage and former car wash; and a butcher shop that was previously used as a residence.
The property is located at 7468 Admiral Peary Highway in Cresson, Pennsylvania, and carries Commercial zoning. Public water and public sewer serve the site. Construction includes vinyl siding, wood siding, and brick, with metal and shingle roofing. Heating systems include natural gas, hot water, and forced air. The property was built in 1993 and includes a private yard and rain gutters.
The property is located at 7468 Admiral Peary Highway in Cresson, Pennsylvania, and carries Commercial zoning. Public water and public sewer serve the site. Construction includes vinyl siding, wood siding, and brick, with metal and shingle roofing. Heating systems include natural gas, hot water, and forced air. The property was built in 1993 and includes a private yard and rain gutters.
Key Highlights
- Four buildings totaling 13,696 square feet on 0.91 acres
- Commercial zoning in Cresson, PA
- Occupied 4‑bedroom, 1‑bath apartment above former gas station and corner store
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
$137,902
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
5.52%
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%
$2,758,040
$2.8M
Cap Rate 7%
$1,970,029
$2.0M
Cap Rate 9%
$1,532,244
$1.5M
Market Conditions
NOI Build-Up for 13,696 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
$205.4K $15.00/SF
− Vacancy
−$21.6K −$1.58/SF
EGI
$183.9K $13.43/SF
− OpEx
−$46.0K −$3.36/SF
NOI
$137.9K $10.07/SF
Area
Cambria County, PA
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,758,040
Cap Rate 7%
$1,970,029
Cap Rate 9%
$1,532,244
Alternative Uses
Best Use
Specialty Retail
$1.97M
$1.72M – $2.30M
NOI $137,902 @ 7.0% cap · market cap 5.52%
Second Best
Retail
$1.93M
$1.69M – $2.25M
NOI $135,180 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$4.13M
$3.62M – $4.82M
NOI $289,260 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 31%
Groceries 28%
McDonald's
Dining
14,864 visits/mo
0.2 miles
Dollar General
Shops & Services
11,335 visits/mo
0.2 miles
Shop 'n Save
Groceries
10,626 visits/mo
0.1 miles
Dollar Tree
Shops & Services
4,502 visits/mo
0.3 miles
Sunoco
Shops & Services
3,822 visits/mo
0.1 miles
Demographics for 16630, PA
4,679
Population
2,143
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
5.7 sq mi
ZIP Area
821
Density / Sq Mi
$65,034
Median Household Income
$32,172
Median Earnings
$657
Median Rent
$139,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property with retail, residential, garage, and former service-building configurations across four structures.
Where is this mixed-use property located?
The property is located at 7468 Admiral Peary Highway Cresson, PA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Four buildings totaling 13,696 square feet on 0.91 acres; Commercial zoning in Cresson, PA; Occupied 4‑bedroom, 1‑bath apartment above former gas station and corner store
