Single-Story Office Building For
For Sale
Contact for pricing
1415 Eisenhower Blvd, Johnstown, PA 15904
Single-story office building with two suites available for sale.
Property Size7,308 SF
Price / SF$218.94
Days on Market1364
Property Features for 1415 Eisenhower Blvd
General Information
Standard status
Active
Size
7,308 SF
Class
B
Property subtype
Office
Zoning
C-3
Occupancy
100%
Net Operating Income
$107,000
Building Details
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Lee & Associates | Eastern Pennsylvania - Suburban Philadelphia
(717) 208-8669
Listed By:
Bradley Swidler · License #PA RS205686L
Source:
Crexi
Added: Nov 26, 2022
Changed: Aug 8
Last Checked: Aug 21 at 7:09AM
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 Lee & Associates | Eastern Pennsylvania - Suburban Philadelphia
Investment Insights
Based on property information with market context.
This single-story brick office building offers 7,308 square feet and is available for sale. The building is divided into two suites. Suite A is currently leased to 42 N. Dental and includes a large reception area, a break room, private offices, a lab, and twelve operatories. Suite B is vacant and features a large reception area, private offices, four exam rooms, and a private restroom. Each suite has separate meters for electricity and gas.
Key Highlights
- Single‑story brick building ideal for office or medical use.
- Suite A is currently leased to 42 N. Dental, providing immediate income. This suite features a large reception area, break room, private offices, lab, and twelve operatories.
- Suite B is vacant and ready for immediate occupancy or tenant placement. It includes a large reception area, private offices, four exam rooms, and a private restroom.
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
$115,430
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
7.21%
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%
$2,308,600
$2.3M
Cap Rate 7%
$1,649,000
$1.6M
Cap Rate 9%
$1,282,556
$1.3M
Market Conditions
NOI Build-Up for 7,308 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
$197.3K $27.00/SF
− Vacancy
−$43.4K −$5.94/SF
EGI
$153.9K $21.06/SF
− OpEx
−$38.5K −$5.27/SF
NOI
$115.4K $15.80/SF
Area
Cambria County, PA
Vacancy
22.00%
Lease Rate
$27.00 /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%
$2,308,600
Cap Rate 7%
$1,649,000
Cap Rate 9%
$1,282,556
Alternative Uses
Best Use
Office B
$1.65M
$1.44M – $1.92M
NOI $115,430 @ 7.0% cap · market cap 7.21%
Second Best
Healthcare Medical
$1.24M
$1.09M – $1.45M
NOI $87,122 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,345 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15904, PA
16,065
Population
7,243
Households
2.2
Avg Household Size
46
Median Age
32%
College-Educated
96%
High-School Grad
28.9 sq mi
ZIP Area
556
Density / Sq Mi
$65,122
Median Household Income
$34,862
Median Earnings
$856
Median Rent
$172,200
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.
Similar Off Market Nearby
- 1-800 Pet Help — 1003 Eisenhower Blvd, Johnstown, PA 15904
- Richland Veterinary Associates — 1003 Eisenhower Blvd, Johnstown, PA 15904
- Petco Vaccination Clinic — 410 Town Centre Dr, Johnstown, PA 15904
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story office building with two suites available for sale.
Where is this medical office space located?
The property is located at 1415 Eisenhower Blvd Johnstown, PA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Single‑story brick building ideal for office or medical use.; Suite A is currently leased to 42 N. Dental, providing immediate income. This suite features a large reception area, break room, private offices, lab, and **twelve operatories**.; Suite B is vacant and ready for immediate occupancy or tenant placement. It includes a large reception area, private offices, **four exam rooms**, and a private restroom.
