Suburban Studios Extended-Stay
975 Sheffield Street, Washington, PA 15301
For Sale
Contact for pricing
Award-winning, high-performing extended-stay hotel in Washington, PA.
Property Size50,700 SF
Price / SF$216.67
Days on Market290
Property Features for 975 Sheffield Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
Black Diamond Realty
Listed By:
Mark J. Nesselroad · License PA RMR001818
(304) 413-4350
Source:
Crexi
Added: Jan 28
Changed: Nov 12
Last Checked: Nov 12 at 6:34AM
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 Black Diamond Realty
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Investment Insights
Based on property information with market context.
This award-winning Suburban Studios extended-stay hotel, located in Washington, PA within the Pittsburgh MSA, is available for purchase. The property is a strong performer, generating substantial revenue and healthy EBITDA. It also holds a high ranking among its STR competitive set. The attractive and well-maintained property presents a strategic opportunity for hospitality operators and investors. The property size is 50700 square feet.
Key Highlights
- Strong revenue generation
- Healthy EBITDA
- High ranking among STR competitive set
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$307,052
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,141,040
$6.1M
Cap Rate 7%
$4,386,457
$4.4M
Cap Rate 9%
$3,411,689
$3.4M
Market Conditions
NOI Build-Up for 50,700 SF
Gross rent
$760.5K $15.00/SF
− Vacancy
−$114.1K −$2.25/SF
EGI
$646.4K $12.75/SF
− OpEx
−$339.4K −$6.69/SF
NOI
$307.1K $6.06/SF
Area
Washington County, PA
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,141,040
Cap Rate 7%
$4,386,457
Cap Rate 9%
$3,411,689
Alternative Uses
Best Use
Hotel Hospitality
$4.39M
$3.84M – $5.12M
NOI $307,052 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$15.62M
$13.67M – $18.23M
NOI $1,093,565 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
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Business Placement
Demographics for 15301, PA
48,963
Population
24,001
Households
2
Avg Household Size
45
Median Age
27%
College-Educated
92%
High-School Grad
122.0 sq mi
ZIP Area
401
Density / Sq Mi
$69,275
Median Household Income
$43,546
Median Earnings
$927
Median Rent
$205,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Award-winning, high-performing extended-stay hotel in Washington, PA.
Where is this hotel located?
The property is located at 975 Sheffield Street Washington, PA.
What is the asking price?
The asking price for this property is $10,985,230.
What are key features of this property?
This property features: Strong revenue generation; Healthy EBITDA; High ranking among STR competitive set
