Industrial Warehouse with Office
For Sale
$359,000
97 Helen St, Mc Kees Rocks, PA 15136
Industrial-zoned warehouse with office, storage, and garage space for sale.
Property Size4,900 SF
Price / SF$73.27
Days on Market162
Property Features for 97 Helen St
General Information
Standard status
Active
Size
4,900 SF
Taxes and HOA fees
Annual Taxes
$2,356
Listing Agency:
KELLER WILLIAMS STEEL CITY
(724) 933-8500
Listed By:
Timothy Fitzgerald
(724) 933-8500
Source:
Exprealty
Added: Mar 24
Changed: Aug 27
Last Checked: Aug 30 at 8:57PM
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 KELLER WILLIAMS STEEL CITY
Investment Insights
Based on property information with market context.
This solid concrete block building features a warehouse and office space totaling almost 5000 square feet. Zoned for industrial use, the property accommodates various commercial applications. The building includes approximately 1000 square feet of office space and 3900 square feet of warehouse, storage, and garage area. The garage is equipped with a 9-foot door and measures 75 feet in depth and 11 feet in width. Ceiling clearance is generally 12 feet. Single-phase electric service is currently in use, but three-phase service is available at the pole. A 400 amp panel with a separate meter is already installed if needed. The property is being sold in as-is condition.
Key Highlights
- Large Warehouse Space: Approximately 3900 sq ft of warehouse/storage/garage space.
- Industrial Zoning: Allows for a wide range of commercial uses.
- Three‑Phase Electric Ready: Service and 400 amp panel with separate meter are in place.
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
$31,743
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
8.84%
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%
$634,860
$634.9K
Cap Rate 7%
$453,471
$453.5K
Cap Rate 9%
$352,700
$352.7K
Market Conditions
NOI Build-Up for 4,900 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
$40.0K $8.16/SF
− Vacancy
−$2.6K −$0.54/SF
EGI
$37.3K $7.62/SF
− OpEx
−$5.6K −$1.14/SF
NOI
$31.7K $6.48/SF
Area
Allegheny County, PA
Vacancy
6.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
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%
$634,860
Cap Rate 7%
$453,471
Cap Rate 9%
$352,700
Alternative Uses
Best Use
Office B
$894.2K
$782.5K – $1.04M
NOI $62,596 @ 7.0% cap · market cap 17.44%
Second Best
Warehouse
$453.5K
$396.8K – $529.1K
NOI $31,743 @ 7.0% cap · market cap 8.84%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,367 @ 7.0% cap · market cap 24.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15136, PA
23,663
Population
11,551
Households
2
Avg Household Size
40
Median Age
31%
College-Educated
94%
High-School Grad
10.7 sq mi
ZIP Area
2,211
Density / Sq Mi
$62,552
Median Household Income
$45,313
Median Earnings
$1,077
Median Rent
$190,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Fusco Warehouse — Furnace Street Extension, McKees Rocks, PA 15136
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial-zoned warehouse with office, storage, and garage space for sale.
Where is this warehouse located?
The property is located at 97 Helen St Mc Kees Rocks, PA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Large Warehouse Space: Approximately 3900 sq ft of warehouse/storage/garage space.; Industrial Zoning: Allows for a wide range of commercial uses.; Three‑Phase Electric Ready: Service and 400 amp panel with separate meter are in place.
