Office Unit with Private
For Sale
Contact for pricing
789 Herman Rd, Butler, PA 16002
Flexible office suite includes a private office and dedicated parking access.
Property Size990 SF
Price / SF$1.82
Days on Market51
Property Features for 789 Herman Rd
General Information
Standard status
Active
Size
990 SF
Property subtype
Office
Building Details
Year Built
2000
Listing Agency:
BERKSHIRE HATHAWAY THE PREFERRED REALTY
Listed By:
Charles Swidzinski · License #RS-183338L
(724) 283-0005
Source:
Nelsonrealtypa
Added: Sep 15
Changed: Oct 31
Last Checked: Nov 3 at 10:51AM
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 BERKSHIRE HATHAWAY THE PREFERRED REALTY
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Investment Insights
Based on property information with market context.
This office unit contains approximately 990 square feet with a separate private office that can support meetings, consultations, or executive work. The layout also accommodates multiple workstations and collaborative areas, while allowing for a customized office arrangement. Utilities are included, and the property was built in 2000.
Dedicated parking is available in both the front and rear lots, providing access for occupants and visitors. The suite is located at 789 Herman Rd in Summit Twp, PA 16002.
Dedicated parking is available in both the front and rear lots, providing access for occupants and visitors. The suite is located at 789 Herman Rd in Summit Twp, PA 16002.
Key Highlights
- Approximately 990 square feet of office space
- Separate private office for meetings or executive use
- Layout supports workstations and collaborative areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,647
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,940
$252.9K
Cap Rate 7%
$180,671
$180.7K
Cap Rate 9%
$140,522
$140.5K
Market Conditions
NOI Build-Up for 990 SF
Gross rent
$22.3K $22.56/SF
− Vacancy
−$5.5K −$5.53/SF
EGI
$16.9K $17.03/SF
− OpEx
−$4.2K −$4.26/SF
NOI
$12.6K $12.77/SF
Area
Butler 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%
$252,940
Cap Rate 7%
$180,671
Cap Rate 9%
$140,522
Alternative Uses
Best Use
Office B
$180.7K
$158.1K – $210.8K
NOI $12,647 @ 7.0% cap · market cap 702.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.2K
$220.7K – $294.2K
NOI $17,652 @ 7.0% cap · market cap 980.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
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Business Placement
Demographics for 16002, PA
15,379
Population
6,573
Households
2.3
Avg Household Size
47
Median Age
26%
College-Educated
96%
High-School Grad
73.3 sq mi
ZIP Area
210
Density / Sq Mi
$82,676
Median Household Income
$40,159
Median Earnings
$787
Median Rent
$256,200
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 unit - Flexible office suite includes a private office and dedicated parking access.
Where is this office unit located?
The property is located at 789 Herman Rd Butler, PA.
What are key features of this property?
This property features: Approximately 990 square feet of office space; Separate private office for meetings or executive use; Layout supports workstations and collaborative areas
