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

    1066 Harrison City Export Rd Jeannette, PA 15644

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

    Banks

    Type:Retail
    Added:
    Oct 15, 2024
    Days on Market:
    563
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 1066 Harrison City Export Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    David A. Reese, CCIM

    Listing agent David A. Reese, CCIM License #PA RM041501C

    Listing office Commercial Choice realty Inc

    Listing date Oct 15, 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 Commercial Choice realty Inc

    Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Jeannette
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.64378
    Latitude
    40.366189

    Nearby Similar for Sale

    • $1,950,000

      Multi-Tenant Retail and Warehouse Property

      Adaptable commercial property on Route 30 with warehouse space.
      6675 Lincoln Highway West, Hempfield Twp, PA 15644
      View Details
    • $125,000

      Versatile Building in Jeannette, PA

      Two-story building with redevelopment potential and parking.
      125 S 14th Street, Jeannette, PA 15644
      View Details
    • $70,000

      Downtown Jeannette Gutted Property

      Completely gutted property in Downtown Jeannette with rebuild potential.
      404 Clay Ave, Jeannette, PA 15644
      View Details
    • $225,000

      Turnkey Restaurant Opportunity in Jeannette

      Fully equipped restaurant with additional rental or owner's suite.
      417 Clay Avenue, Jeannette, PA 15644
      View Details
    • $135,000

      Commercial Garage-Warehouse Space For Sale

      Commercial garage-warehouse space with office, workshop, and storage.
      712 Magee Ave & 8th St, Jeannette, PA 15644
      View Details
    • $1,445,000

      12.5 Acre Site in Jeannette

      12.5 acre site with medical building and parking garage.
      600 Jefferson, Jeannette, PA 15644
      View Details
    • $250,000

      Turnkey Restaurant Opportunity in Jeannette

      Corner lot restaurant with equipped kitchen and potential rental income.
      417 Clay Ave, Jeannette, PA, 15644-2124
      View Details
    • $250,000

      Former Ice Factory For Sale

      Former ice factory in Jeannette's Innovation Industrial Zone.
      305 Division St, Jeannette, PA
      View Details
    • $1,210,729
      8,988 SF

      Established Retail Property For Sale

      Retail property with established operating history and tenant in place.
      700 Clay Ave, Jeannette, PA
      View Details
    • $1,950,000
      22,000 SF

      Route 30 Multi-Tenant Commercial Property

      Versatile retail and warehouse space with high visibility.
      320 Lincoln Hwy, Jeannette, PA 15644
      View Details
    • Contact for pricing
      36 SF

      36,000 SF Event Venue

      Multi-story entertainment facility with flexible event spaces and scenic views.
      1028 Blackthorne Drive | Jeannette, PA 15644, PA 15644
      View Details
    • $999,950
      10,200 SF

      Medical Building Near Community Amenities

      10,200 SF medical building in high-activity area.
      3000 Village Dr, Jeannette, PA 15644
      View Details

    FAQs

    Where is this bank located?
    The property is located at 1066 Harrison City Export Rd Jeannette, PA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: High‑traffic location in front of Penn Crossing Shopping Center, anchored by Giant Eagle.; Excellent accessibility with **3 drive‑thru lanes and a drive‑by lane**, plus access via Dollar General.; Dedicated turning lane to the property from a lighted intersection (Harrison City Export Rd and Watt Rd).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David A. Reese, CCIM
    Real Estate License ID: PA RM041501C
    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!