Split-Level Storefront
New
For Sale
Contact for pricing
940 Jefferson Ave, Washington, PA 15301
Block construction, loading dock access, and multiple vehicle approaches support a range of retail operations.
Property Size6,577 SF
Price / SF$148.24
Days on Market4
Property Features for 940 Jefferson Ave
General Information
Standard status
Active
Size
6,577 SF
Property subtype
RETAIL
Site & Location
Traffic Count
25,000 vehicles/day
Road Access
Yes
Amenities
loading dock access
Building Details
Buildings
1
Construction
block
Listing Agency:
SVN | Three Rivers Commercial Advisors
(412) 295-9519
Listed By:
Max Watterson · License ##AB068671
(412) 295-9519
Source:
Moodyscre
Added: Aug 11
Changed: Aug 14
Last Checked: Aug 14 at 3:30AM
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 SVN | Three Rivers Commercial Advisors
Investment Insights
Based on property information with market context.
This 6,577 SF split-level storefront property features block construction, a loading dock, and parking improvements completed in 2022. The roof was replaced in 2022, and the parking lot received new seal and stripe work the same year. Vehicle access is available from two points on Jefferson Ave, with additional rear drive-through access from Allison Ave.
The property sits along Jefferson Ave, a retail corridor leading toward downtown Washington, with approximately 25,000 VPD and more than 150 feet of frontage. McDonald's is located approximately 500 feet away, while nearby retailers include O'Reilly Auto Parts, Burger King, Dollar General, Advance Auto Parts, Family Dollar, Rite Aid, Dairy Queen, Little Caesars, and Guardian Storage. The site also offers ample parking for customers and staff.
The property sits along Jefferson Ave, a retail corridor leading toward downtown Washington, with approximately 25,000 VPD and more than 150 feet of frontage. McDonald's is located approximately 500 feet away, while nearby retailers include O'Reilly Auto Parts, Burger King, Dollar General, Advance Auto Parts, Family Dollar, Rite Aid, Dairy Queen, Little Caesars, and Guardian Storage. The site also offers ample parking for customers and staff.
Key Highlights
- 6,577 SF split‑level block storefront building
- Over 150 feet of frontage on Jefferson Ave
- Approximately 25,000 VPD along the retail corridor
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
$66,296
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
6.80%
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%
$1,325,920
$1.3M
Cap Rate 7%
$947,086
$947.1K
Cap Rate 9%
$736,622
$736.6K
Market Conditions
NOI Build-Up for 6,577 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
$98.7K $15.00/SF
− Vacancy
−$3.9K −$0.60/SF
EGI
$94.7K $14.40/SF
− OpEx
−$28.4K −$4.32/SF
NOI
$66.3K $10.08/SF
Area
Washington County, PA
Vacancy
4.00%
Lease Rate
$15.00 /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%
$1,325,920
Cap Rate 7%
$947,086
Cap Rate 9%
$736,622
Alternative Uses
Best Use
Retail
$947.1K
$828.7K – $1.10M
NOI $66,296 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.03M
$1.77M – $2.36M
NOI $141,861 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
102k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 34%
GetGo Gas Station
Shops & Services
39,275 visits/mo
0.1 miles
McDonald's
Dining
25,064 visits/mo
0.1 miles
Dollar General
Shops & Services
10,156 visits/mo
0.3 miles
Burger King
Dining
9,399 visits/mo
0.2 miles
Sunoco
Shops & Services
4,985 visits/mo
0.2 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Block construction, loading dock access, and multiple vehicle approaches support a range of retail operations.
Where is this storefront property located?
The property is located at 940 Jefferson Ave Washington, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 6,577 SF split‑level block storefront building; Over 150 feet of frontage on Jefferson Ave; Approximately 25,000 VPD along the retail corridor
