Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2400 Leechburg Rd New Kensington, PA 15068

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail or restaurant space available for lease.

    Type:Retail, Restaurant
    Added:
    Oct 30, 2024
    Days on Market:
    534
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 2400 Leechburg Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 2400 Leechburg Rd Contact us

    We can help!

    Listing Contact
    Steven M. Esposito

    Listing agent Steven M. Esposito License #PA

    Listing office CBRE - Pittsburgh

    Listing date Oct 30, 2024

    Source Crexi

    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 CBRE - Pittsburgh

    Overview

    Retail/Restaurant Space for Lease

    This property is available for lease and suitable for retail or restaurant use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Heritage Hospice Nursing Home Edward Jones - Financial ... Financial Advisor Tender Care Learning ... High School Gary Pish-Realtor Real Estate Agency Edward Jones - Financial ... Financial Advisor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Kensington
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.74929
    Latitude
    40.58686

    Nearby Similar for Lease

    • Contact for pricing

      New Kensington Retail Storefront For Lease

      835 SF retail space with excellent visibility on busy street.
      912 7th St, New Kensington, PA 15068
      View Details
    • Contact for pricing

      New Kensington Office Space Available

      Office space for lease in New Kensington, Pennsylvania.
      2921 Leechburg Road, New Kensington, PA 15068
      View Details
    • Contact for pricing

      Former Restaurant with Drive Thru

      2,685 SF former quick service restaurant with drive-thru.
      3164 Leechburg Road, New Kensington, PA, 15068
      View Details
    • Contact for pricing

      Restaurant/Retail Space on Heavily Traveled Road

      Second generation restaurant/retail space with high traffic and visibility.
      2400 Leechburg Road, New Kensington, PA, 15068
      View Details
    • $12/mo

      Leechburg Road Office For Sale

      Office space available for purchase on Leechburg Road.
      3014 Leechburg Rd, New Kensington, PA
      View Details
    • Contact for pricing

      Multi-Story Flex/Shop/Office Building

      Multi-story flex/shop/office building suited for R&D, Tech, Industrial uses.
      Industrial Blvd, New Kensington, PA, 15068
      View Details
    • Contact for pricing

      Leechburg Road Office Space

      Office space with reception, four offices, and parking.
      2680 Leechburg Rd, New Kensington, PA
      View Details
    • Contact for pricing

      Crane-Served Industrial Space Available

      Crane-served industrial space with drive-in access, available for lease.
      204 Schreiber Industrial Park, New Kensington, PA
      View Details
    • Contact for pricing

      Functional Industrial Suites Available

      Demised industrial suites suitable for various uses, for lease.
      Industrial Boulevard, New Kensington, PA, 15068
      View Details
    • $6/mo

      New Kensington Office Space Available

      Office space for lease in New Kensington, Pennsylvania.
      130 Entrance Drive, New Kensington, PA
      View Details
    • Contact for pricing

      Multi-Story Flex/Shop/Office Building

      Multi-story flex/shop/office building suited for various uses.
      44 12th St, New Kensington, PA
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease.
      NWC Benton Rd & Leon Rd, French Valley, PA 16836
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail or restaurant space available for lease.
    Where is this retail property located?
    The property is located at 2400 Leechburg Rd New Kensington, PA.
    What are key features of this property?
    This property features: For Lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steven M. Esposito
    Real Estate License ID: PA
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!