Two-Level Medical Office
For Sale
$280,000
985 Penn St, Brackenridge, PA 15014
CommercialSale, Brackenridge, PA
Property Size5,000 SF
Lot Size0.24 Acres
Price / SF$56
Days on Market66
Property Features for 985 Penn St
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C1
Zoning description
C1
Subdivision
Brackenridge
Standard status
Active
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
8140
Building Details
Year built
1981
Building materials
Brick
Listing Agency:
REALTY ONE GROUP LANDMARK
Listed By:
Morgan Iseman · License #RS350880
(724) 468-8841
Added: Aug 21
Changed: Oct 8
Last Checked: Oct 25 at 4:06PM
MLS# 1770903
Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick medical office property, built in 1981, has two levels with 2,500 square feet on each floor. The renovated lower level is ready for occupancy, and the upper level is occupied by a long-term tenant. Each floor has a designated parking area, with additional off-street parking and a grassy side yard.
The property is in Brackenridge, Pennsylvania, with access to Route 28. It is zoned C1.
The property is in Brackenridge, Pennsylvania, with access to Route 28. It is zoned C1.
Key Highlights
- Medical office building with 2,500 square feet on each of two floors
- Renovated lower level; upper floor occupied by a long‑term tenant
- Separate designated parking areas for each floor, plus off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,864
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,280
$457.3K
Cap Rate 7%
$326,629
$326.6K
Cap Rate 9%
$254,044
$254.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$40.8K $8.16/SF
− Vacancy
−$2.7K −$0.54/SF
EGI
$38.1K $7.62/SF
− OpEx
−$15.2K −$3.05/SF
NOI
$22.9K $4.57/SF
Area
Allegheny County, PA
Vacancy
6.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,280
Cap Rate 7%
$326,629
Cap Rate 9%
$254,044
Alternative Uses
Best Use
Office B
$912.5K
$798.4K – $1.06M
NOI $63,873 @ 7.0% cap · market cap 22.81%
Second Best
Healthcare Medical
$326.6K
$285.8K – $381.1K
NOI $22,864 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,150 @ 7.0% cap · market cap 31.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15014, PA
3,165
Population
1,747
Households
1.8
Avg Household Size
44
Median Age
15%
College-Educated
93%
High-School Grad
0.5 sq mi
ZIP Area
6,330
Density / Sq Mi
$52,734
Median Household Income
$36,701
Median Earnings
$763
Median Rent
$87,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The lower level is renovated, while the upper floor is occupied by a tenant.
Where is this medical office space located?
The property is located at 985 Penn St Brackenridge, PA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Medical office building with 2,500 square feet on each of two floors; Renovated lower level; upper floor occupied by a long‑term tenant; Separate designated parking areas for each floor, plus off‑street parking
