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    Retail Opportunity in Arnold, PA Title is generated by Realmo AI

    938 Drey Street, Arnold, PA 15068

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    Claim this Listing
    For Sale
    $164,900

    Retail - Arnold, PA

    Type:Retail
    Lot size:
    0.20 Acres
    Added:
    Jan 23, 2026
    Days on Market:
    127
    Last Refresh:
    May 30 at 8:06 pm

    Property Features for 938 Drey Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    C
    Parking
    10
    Standard status
    Active
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2522

    Building Details

    Building materials
    Brick, Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Sandra Hamilton
    Sandra Hamilton

    Listing agent Sandra Hamilton License #RS344685

    Listing office REALTY ONE GROUP LANDMARK 3731 William Penn Highway, Indiana, PA

    Listing date Jan 23, 2026

    MLS# 1738006 Listing URL

    Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location with high visibility on a main road.
    • Large, corner‑to‑corner lot with 10‑car off‑street parking.
    • Versatile building suitable for various businesses (childcare, salon, retail, office, etc.).
    • Recent updates: A/C (2022), Hot Water Heater (2022), Flooring (2022), Updated Electric Panel and Wiring Inspected (2023).
    • Well‑maintained, clean, one‑level brick and vinyl building.
    • Located in a great community development area.

    Overview

    This property offers an excellent opportunity in a prime location with high visibility on a main road. The building is a brick one-level structure with a vinyl addition and notable curb appeal. It includes a 10-car off-street parking lot and a level outdoor yard space. The property features updated amenities, including A/C and a hot water heater installed in 2022, as well as carpet and vinyl flooring also updated in 2022. The electric panel and wiring were updated and inspected in 2023. Previously used as a childcare center with a licensed capacity for 30 children, the property is suitable for various business ventures. Potential uses include a hair salon, spa, tanning salon, vape shop, laundry mat, food service, bridal shop, coffee shop, used car sales lot, office space, or retail. The property is located on a corner-to-corner lot in a great community development area. The lot size is 0.2006 acres. The property is very clean, well-maintained, and ready to provide endless opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Margaret's Family Daycare Group 2 — 102 Locust St, New Kensington, PA 15068
    • Little Blessings Child Care — 938 Drey St, Arnold, PA 15068
    • Seton Hill Child Services — 1129 Leishman Ave, New Kensington, PA 15068
    • All Kids Are Special Childcare & Learning Center — 1001 Knollwood Rd, New Kensington, PA 15068
    • All Kids Are Special — 1725 Victoria Ave # 1725, Arnold, PA 15068

    Location Insight

    • Map
    • Local Demand
    City
    Arnold
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.763634
    Latitude
    40.57943

    FAQs

    What type of property is this?
    Day care center - Prime location retail space with parking and high visibility.
    Where is this day care center located?
    The property is located at 938 Drey Street Arnold, PA.
    What is the asking price?
    The asking price for this property is $164,900.
    What are key features of this property?
    This property features: Prime location with high visibility on a main road.; Large, corner‑to‑corner lot with **10‑car off‑street parking.**; Versatile building suitable for various businesses (childcare, salon, retail, office, etc.).
    (724) 468-8841
    We can help!
    Listing Contact
    Sandra Hamilton
    Sandra Hamilton
    Real Estate License ID: RS344685
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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