Former Rite Aid For
For Sale
Contact for pricing
843 Rostraver Rd, Belle Vernon, PA 15012
Former Rite Aid with drive-thru, pylon signage, and ample parking.
Property Size10,908 SF
Price / SF$357.54
Days on Market140
Property Features for 843 Rostraver Rd
General Information
Standard status
Active
Size
10,908 SF
Property subtype
Retail
Building Details
Year Built
1998
Listing Agency:
SVN | Three Rivers Commercial Advisors
(412) 536-5036
Listed By:
Richard Beynon · License #PA AB068671
Source:
Crexi
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 10 at 7:03AM
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 SVN | Three Rivers Commercial Advisors
Investment Insights
Based on property information with market context.
This former Rite Aid property is available for sale and is located at 843 Rostraver Rd in Belle Vernon, PA. The property offers visibility and access, along with pylon signage and a drive thru. A sizable parking lot accommodates high traffic. The location is near the new Candlewood Suites and the primary intersection of Rostraver Road and Broad Avenue. The property is suitable for a variety of businesses seeking visibility and access in a commercial area. The property size is 10908 square feet.
Key Highlights
- High visibility and access due to prime location on Rostraver Rd.
- Drive‑thru accessibility.
- Pylon signage for maximum exposure.
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
$117,806
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
3.02%
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%
$2,356,120
$2.4M
Cap Rate 7%
$1,682,943
$1.7M
Cap Rate 9%
$1,308,956
$1.3M
Market Conditions
NOI Build-Up for 10,908 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
$163.6K $15.00/SF
− Vacancy
−$6.5K −$0.60/SF
EGI
$157.1K $14.40/SF
− OpEx
−$39.3K −$3.60/SF
NOI
$117.8K $10.80/SF
Area
Fayette County, PA
Vacancy
4.00%
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%
$2,356,120
Cap Rate 7%
$1,682,943
Cap Rate 9%
$1,308,956
Alternative Uses
Best Use
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,806 @ 7.0% cap · market cap 3.02%
Second Best
Retail
$1.46M
$1.28M – $1.71M
NOI $102,508 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,491 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
43k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 70%
Shops & Services 25%
Beauty & Spa 5%
Lowe's
Home Improvements & Furnishings
28,826 visits/mo
0.4 miles
Pet Supplies Plus
Shops & Services
10,736 visits/mo
0.3 miles
Sally Beauty Supply
Beauty & Spa
2,322 visits/mo
0.3 miles
Aaron's
Home Improvements & Furnishings
1,042 visits/mo
0.3 miles
Demographics for 15012, PA
15,756
Population
7,604
Households
2.1
Avg Household Size
46
Median Age
28%
College-Educated
93%
High-School Grad
34.1 sq mi
ZIP Area
462
Density / Sq Mi
$61,903
Median Household Income
$49,645
Median Earnings
$814
Median Rent
$187,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Walmart Pharmacy — 100 Sara Way, Belle Vernon, PA 15012
- GNC — 150 sara way, belle vernon, pa 15012
- Rite Aid Pharmacy — 843 Rostraver Rd, Belle Vernon, PA 15012
- Theresa A. Rodriguez, RPH — 843 Rostraver Rd, Belle Vernon, PA 15012
- Mark Current — RITE AID #10891, 843 Rostraver Rd, Belle Vernon, PA 15012
Frequently Asked Questions
What type of property is this?
Drug store - Former Rite Aid with drive-thru, pylon signage, and ample parking.
Where is this drug store located?
The property is located at 843 Rostraver Rd Belle Vernon, PA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: High visibility and access due to prime location on Rostraver Rd.; Drive‑thru accessibility.; Pylon signage for maximum exposure.
