Well-Maintained Building with
For Sale
Contact for pricing
53 Oak Spring Rd, Washington, PA 15301
Three-story building with high visibility and ample parking.
Property Size3,000 SF
Price / SF$80.67
Days on Market904
Property Features for 53 Oak Spring Rd
General Information
Standard status
Active
Size
3,000 SF
Class
B
Property subtype
Office
Zoning
C-2
Investment Type
Owner/User
Building Details
Year Built
1925
Year Renovated
2008
Stories
3
Tenancy
Single
Listing Agency:
KW Commercial Pittsburgh South
Listed By:
Doug Burig · License #PA
Source:
Crexi
Added: Mar 8, 2024
Changed: Aug 28
Last Checked: Jul 22 at 3:19PM
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 KW Commercial Pittsburgh South
Investment Insights
Based on property information with market context.
This well-maintained three-story building offers high visibility and convenient access to I-70, I-79, and Route 19. The property includes two large blacktop parking lots with a total of 30 parking spaces. The upper parking lot is approved for vehicle storage. The building is situated in a location accessible via a few traffic lights.
Key Highlights
- Convenient location with easy access to I70/I79/RT19
- Two large black top parking lots with 30 parking spaces
- Approved for vehicle storage in upper parking lot
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
$18,554
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
7.67%
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%
$371,080
$371.1K
Cap Rate 7%
$265,057
$265.1K
Cap Rate 9%
$206,156
$206.2K
Market Conditions
NOI Build-Up for 3,000 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
$28.4K $9.48/SF
− Vacancy
−$1.9K −$0.64/SF
EGI
$26.5K $8.84/SF
− OpEx
−$8.0K −$2.65/SF
NOI
$18.6K $6.18/SF
Area
Washington County, PA
Vacancy
6.80%
Lease Rate
$9.48 /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%
$371,080
Cap Rate 7%
$265,057
Cap Rate 9%
$206,156
Alternative Uses
Best Use
Office B
$547.5K
$479.1K – $638.7K
NOI $38,324 @ 7.0% cap · market cap 15.84%
Second Best
Retail
$432.0K
$378.0K – $504.0K
NOI $30,240 @ 7.0% cap · market cap 12.50%
Theoretical Best
Specialty Retail
$924.4K
$808.9K – $1.08M
NOI $64,708 @ 7.0% cap · market cap 26.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Explore this area
Business Placement
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 Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Three-story building with high visibility and ample parking.
Where is this office building located?
The property is located at 53 Oak Spring Rd Washington, PA.
What is the asking price?
The asking price for this property is $242,000.
What are key features of this property?
This property features: Convenient location with easy access to I70/I79/RT19; Two large black top parking lots with 30 parking spaces; Approved for vehicle storage in upper parking lot
