Building Details

Year Built 1976

Year Renovated 2004

Stories 1

Listing Agency: Commercial Choice realty Inc

Listed By: David A. Reese, CCIM · License #PA RM041501C Show Phone

Source: Crexi

Added: Jul 2, 2020 Changed: Sep 11 Last Checked: Oct 5 at 6:47PM

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 Commercial Choice realty Inc

Investment Insights

Based on property information with market context.

This commercial property is located within an Opportunity Zone and features a metal building. The property includes an interior dock and an additional 1,882-square-foot, three-sided building, plus a 240-square-foot metal shed. The fenced yard encompasses 1.1 acres. The total property size is 6,000 square feet. Office space is available. The property is suitable for warehouse, industrial, retail, and office uses.

Key Highlights

• 1.1 Acre Fenced Yard
• Located in an Opportunity Zone
• Metal Building with Interior Dock

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,511

Cap Rate

8.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$850,220 $850.2K

Cap Rate 7%

$607,300 $607.3K

Cap Rate 9%

$472,344 $472.3K

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$53.0K $8.83/SF

− Vacancy

−$3.0K −$0.49/SF

EGI

$50.0K $8.34/SF

− OpEx

−$7.5K −$1.25/SF

NOI

$42.5K $7.09/SF

Area

Westmoreland County, PA

Vacancy

5.60%

Lease Rate

$8.83 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$850,220

Cap Rate 7%

$607,300

Cap Rate 9%

$472,344

Alternative Uses

Best Use

Office B

$1.09M

$958.1K – $1.28M (±1% cap)

NOI $76,648 @ 7.0% cap · market cap 15.33%

Second Best

Retail

$988.2K

$864.7K – $1.15M (±1% cap)

NOI $69,174 @ 7.0% cap · market cap 13.84%

Theoretical Best

Office A

$1.53M

$1.34M – $1.78M (±1% cap)

NOI $106,980 @ 7.0% cap · market cap 21.40%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Jupina Landscaping Construction Company

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Hair Salon Spa & Massage Center Nail Salon

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

Location Intelligence

Trade Area within ½ mile

117

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 15675, PA

993

Population

447

Households

2.2

Avg Household Size

45

Median Age

24%

College-Educated

92%

High-School Grad

1.1 sq mi

ZIP Area

903

Density / Sq Mi

$71,970

Median Household Income

$45,765

Median Earnings

$883

Median Rent

$106,700

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Warehouse - 6,000 sq ft industrial property with fenced yard.

Where is this warehouse located?

The property is located at 2 11th St Penn, PA.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: 1.1 Acre Fenced Yard; Located in an Opportunity Zone; Metal Building with Interior Dock