Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    212 Outlet Way Greensburg, PA 15601

    • Warehouses
    • 84,720 SF
    • 5.62 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fulton Family Optical / Optician / Eye Care Center
    • Wow Outlets / Outlet Store
    • Your Favorite Things / Home Goods Store / Consignment Shop
    • Central Westmoreland HFH ReStore / Thrift Store
    • Central Westmoreland Habitat for Humanity / Store

    Property Details for 212 Outlet Way

    Year built
    1966
    Lot size
    5.62 lot acres
    Property size
    84,720 SF
    Property type
    Warehouses
    Property subtype
    Retail properties

    Description

    This exceptional investment opportunity presents a fully-leased, 84,720-square-foot warehouse situated on a 5.62-acre lot in Greensburg, Pennsylvania's vibrant downtown business district. The property, located at 212 Outlet Way, boasts a desirable Regional Commercial zoning designation and features a spacious single-story building constructed in 1966. High ceilings, ranging from 20 to 24 feet, provide ample storage and operational space. The warehouse benefits from a robust infrastructure, including a newer HVAC system, a recently replaced roof, and a comprehensive sprinkler system ensuring safety and efficiency. Ample parking is available with over 120 spaces for employees and customers. Currently operating at 100% occupancy, the property generates a strong cash flow with established tenants including World of Values Outlet and Habitat for Humanity. The strategic location on Route 30 provides exceptional visibility and accessibility, with a daily traffic count exceeding 31,000 vehicles. This property offers a rare combination of size, location, and strong tenancy, making it an ideal addition to any investment portfolio. The asking price is $2,700,000, translating to $31.87 per square foot. The property's zip code is 15601, and it's situated in Westmoreland County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greensburg
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.504
    Latitude
    40.3065

    Comparable in this City

    • Value Estimation by Request
      280,570 SF

      Us-30

      Lifestyle centers • 280,570 SF
      0 Us-30, Greensburg, PA 15601
      View Details
    • Value Estimation by Request
      51,000 SF

      5105 Us-30

      Retail properties • 51,000 SF
      5105 Us-30, Greensburg, PA 15601
      View Details
    • Value Estimation by Request
      0.33 Acres

      1309 City Of Greensburg Pa 15601

      Restaurants • 0.33 Acres
      1309 City Of Greensburg Pa 15601, Greensburg, PA 15601
      View Details
    • Value Estimation by Request
      191,645 SF

      660-730 St

      Office Properties & Spaces • 191,645 SF
      660-730 St, Greensburg, PA 15601
      View Details
    • Value Estimation by Request
      71,576 SF

      6041 Rte

      Retail properties • 71,576 SF
      6041 Rte, Greensburg, PA 15601
      View Details
    • Value Estimation by Request
      245,606 SF

      6211 Us-30

      Retail properties • 245,606 SF
      6211 Us-30, Greensburg, PA 15601
      View Details

    Similar Nearby for Sale

    • $175,000
      6,500 SF

      Versatile Warehouse in Greensburg, PA

      Approximately 6,500 sq. ft. warehouse with flexible use options.
      128 N Washington Ave, Greensburg, PA 15601
      View Details
    • $8,475,000
      115,468 SF

      Davis Center Shopping Center

      Greensburg, PA: 115,468 SF Retail Investment
      660 Pittsburgh St, Greensburg, PA 15601
      View Details
    • $249,900
      0.33 Acres

      High-Traffic Greensburg Retail Space

      Prime Route 119 location, high visibility, 15+ parking spots.
      1309 Main St Rte, Greensburg, PA 15601
      View Details
    • $570,000
      8.61 Acres

      Greensburg Industrial Land - 8.61 Acres

      Two commercial lots, prime location, Hempfield Township.
      1553 Woodward Drive Ext, Greensburg, PA 15601
      View Details
    • $349,999
      0.22 Acres

      Greensburg Industrial Property - Prime Location

      High-traffic industrial building, excellent visibility.
      508 New Alexandria Rd, Greensburg, PA 15601
      View Details
    • Contact for pricing
      38,000 SF

      Greensburg Retail and Office Space

      Retail and office spaces with ample parking and high visibility.
      1075 South Main St, Greensburg, PA 15601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      191,645 SF

      Greensburg Retail Space For Lease

      Grocery-anchored center; prime Route 30 location
      660-730 St, Greensburg, PA 15601
      View Details
    • $15 SF/Yr
      1,800 SF

      Retail Space on Pittsburgh Street

      Retail space available for lease in Greensburg, Pennsylvania.
      39 E Pittsburgh St, Greensburg, PA 15601
      View Details
    • Contact for pricing
      3,500 SF

      Gabe's Center Retail Space

      Prime Westmoreland County Retail Opportunity
      801 Greengate Rd, Greensburg, PA 15601
      View Details
    • Contact for pricing
      5,300 SF

      Route 30 Restaurant Space Available

      5,300 SF Freestanding Restaurant, Greensburg
      6220 Lincoln Hwy, Greensburg, PA 15601
      View Details
    • Contact for pricing
      280,570 SF

      Westmoreland Crossing Retail Space

      Greensburg, PA Shopping Center Opportunity
      0 Us-30, Greensburg, PA 15601
      View Details
    • $30 SF/Yr
      2,400 SF

      Retail Space in Greensburg Center

      Retail space available in shopping center anchored by Walmart.
      2480-2540 Greengate Centre Cir, Greensburg, PA 15601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    212 Outlet Way
    Greensburg, PA 15601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.