Office Building with Towering
150 Scharberry Ln, Mars, PA 16046
Office building with parking, high-end finishes, and sweeping views.
Type:Office
Property size:
12,000 SFPrice / SF:
$245/SF- Added:
- Jun 21, 2024
- Days on Market:
- 710
- Last Refresh:
- May 12 at 9:54 pm
Property Features for 150 Scharberry Ln
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing agent Gregg Broujos License #PA - RM425188
Listing office Buncher Realty Services
Listing date Jun 21, 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 Buncher Realty Services
HighLights
- Towering views over Adams/Cranberry/Seven Fields
- 74 parking spaces suitable for medical or other uses
- Possible multi‑tenant building (up/down)
- Well‑appointed finishes and comfortable cafe areas on each floor
- Enjoy the outdoor patio area with sweeping views
- Quick access to I‑79 and PA Turnpike
Overview
This office building offers views over Adams, Cranberry, and Seven Fields. It features 74 parking spaces, suitable for various uses, including medical. The building boasts high-end finishes and the potential for multi-tenant occupancy with an up/down configuration. The layout includes a mix of private offices and open workspace. Each floor features comfortable cafe areas. An outdoor patio area provides sweeping views. The property is located within minutes of Cranberry's amenities and is close to UPMC Cranberry and UPMC Lemieux Hockey Facility. It offers quick access to I-79 and the Pennsylvania Turnpike, and is less than 30 minutes from Downtown Pittsburgh. The area is characterized by high demographics and rapid growth. The property has a total size of 12000 square feet.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $299.5k | $24.96 |
| − Vacancy | −$12.0k | −$1.00 |
| EGI | $287.5k | $23.96 |
| − OpEx | −$115.0k | −$9.58 |
| NOI | $172.5k | $14.38 |
12,000 SF · lease $24.96/SF/yr · vacancy 4.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.46M
$2.16M – $2.88M
NOI $172,524 @ 7.0% cap · market cap 5.85%
Second Best
Office B
$2.19M
$1.92M – $2.55M
NOI $153,295 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$3.06M
$2.67M – $3.57M
NOI $213,961 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Mars
- County
- Butler
- State
- Pennsylvania
- Longitude
- -80.031746
- Latitude
- 40.694706
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Office building with parking, high-end finishes, and sweeping views.
Where is this office building located?
The property is located at 150 Scharberry Ln Mars, PA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Towering views over Adams/Cranberry/Seven Fields; 74 parking spaces suitable for medical or other uses; Possible multi‑tenant building (up/down)
