90 Pattison St, Evans City, PA 16033

Listing Agency: SOUTHBOUND ENTERPRISES LLC

Listed By: Bill Smith · License PA RB067719 Show Phone

Source: Indianlakerealty

Added: Apr 30 Changed: Nov 11 Last Checked: Nov 11 at 6:28PM

Report an Issue

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 SOUTHBOUND ENTERPRISES LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This flex property contains 4,535 square feet arranged across multiple rooms, with a mix of office areas and open space. The site includes over 4.5 acres that can be used for parking equipment and vehicles. The interior may also be subdivided, according to the stated property information.

Route 79 is accessible from the property. The zoning designation is INDFE.

Key Highlights

• 4,535 square feet of flex space with offices and open areas
• Over 4.5 acres for parking equipment and vehicles
• Interior space may be subdivided

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,262

Suggested Prices Based on Cap Rates

Cap Rate 5%

$285,240 $285.2K

Cap Rate 7%

$203,743 $203.7K

Cap Rate 9%

$158,467 $158.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 4,535 SF

Gross rent

$22.9K $5.04/SF

− Vacancy

−$914 −$0.20/SF

EGI

$21.9K $4.84/SF

− OpEx

−$7.7K −$1.69/SF

NOI

$14.3K $3.14/SF

Area

Butler County, PA

Vacancy

4.00%

Lease Rate

$5.04 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$285,240

Cap Rate 7%

$203,743

Cap Rate 9%

$158,467

Alternative Uses

Best Use

Warehouse

$266.4K

$233.1K – $310.9K (±1% cap)

NOI $18,651 @ 7.0% cap

Second Best

Industrial

$219.4K

$192.0K – $256.0K (±1% cap)

NOI $15,360 @ 7.0% cap

Theoretical Best

Office A

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $80,859 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Bakery Garden Center Hair Salon Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

197

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 16033, PA

6,670

Population

3,503

Households

1.9

Avg Household Size

43

Median Age

38%

College-Educated

96%

High-School Grad

30.7 sq mi

ZIP Area

217

Density / Sq Mi

$100,606

Median Household Income

$56,870

Median Earnings

$1,149

Median Rent

$307,700

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Flex space - A multi-room floor plan pairs office areas with open space, while the surrounding lot accommodates equipment and vehicle parking.

Where is this flex space located?

The property is located at 90 Pattison St Evans City, PA.

What are key features of this property?

This property features: 4,535 square feet of flex space with offices and open areas; Over 4.5 acres for parking equipment and vehicles; Interior space may be subdivided