Multi-Tenant Retail
New
For Sale
Contact for pricing
857 Jefferson Ave, Washington, PA 15301
The property includes two income-producing tenants and an available liquor license.
Property Size10,330 SF
Price / SF$173.77
Days on Market4
Property Features for 857 Jefferson Ave
General Information
Standard status
Active
Size
10,330 SF
Property subtype
RETAIL
Site & Location
Traffic Count
10,295 vehicles/day
Highway Access
Yes
Additional Details
Asking Price
$1,795,000
Building Details
Tenancy
Multi
Listing Agency:
SVN | Three Rivers Commercial Advisors
(724) 255-9540
Listed By:
Darin Shriver · License ##RM424399
(724) 255-9540
Source:
Moodyscre
Added: Aug 13
Changed: Aug 16
Last Checked: Aug 16 at 5:49AM
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 10,330-square-foot retail property is occupied by two income-producing tenants, including one investment grade tenant. An available liquor license adds another documented component to the offering.
The property is located at 857 Jefferson Ave in Washington, Pennsylvania, opposite the I-70/I-79 interchange on-ramp. The corridor records a traffic count of 10,295 ADT, providing a clearly documented access and exposure characteristic for the retail asset.
The property is located at 857 Jefferson Ave in Washington, Pennsylvania, opposite the I-70/I-79 interchange on-ramp. The corridor records a traffic count of 10,295 ADT, providing a clearly documented access and exposure characteristic for the retail asset.
Key Highlights
- 10,330‑square‑foot retail property
- Two income‑producing tenants
- One tenant is investment grade
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
$104,126
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
5.80%
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%
$2,082,520
$2.1M
Cap Rate 7%
$1,487,514
$1.5M
Cap Rate 9%
$1,156,956
$1.2M
Market Conditions
NOI Build-Up for 10,330 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
$155.0K $15.00/SF
− Vacancy
−$6.2K −$0.60/SF
EGI
$148.8K $14.40/SF
− OpEx
−$44.6K −$4.32/SF
NOI
$104.1K $10.08/SF
Area
Washington County, PA
Vacancy
4.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,082,520
Cap Rate 7%
$1,487,514
Cap Rate 9%
$1,156,956
Alternative Uses
Best Use
Retail
$1.49M
$1.30M – $1.74M
NOI $104,126 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.18M
$2.79M – $3.71M
NOI $222,811 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10,295 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
90k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 38%
Home Improvements & Furnishings 1%
GetGo Gas Station
Shops & Services
39,275 visits/mo
0.2 miles
McDonald's
Dining
25,064 visits/mo
0.2 miles
Burger King
Dining
9,399 visits/mo
0.5 miles
Sunoco
Shops & Services
4,985 visits/mo
0.0 miles
Family Dollar
Shops & Services
4,198 visits/mo
0.2 miles
Demographics for 15301, PA
48,963
Population
24,001
Households
2
Avg Household Size
45
Median Age
27%
College-Educated
92%
High-School Grad
122.0 sq mi
ZIP Area
401
Density / Sq Mi
$69,275
Median Household Income
$43,546
Median Earnings
$927
Median Rent
$205,800
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?
Retail space - The property includes two income-producing tenants and an available liquor license.
Where is this retail space located?
The property is located at 857 Jefferson Ave Washington, PA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 10,330‑square‑foot retail property; Two income‑producing tenants; One tenant is investment grade
