Listing Agency: BERKSHIRE HATHAWAY THE PREFERRED REALTY Show Phone

Listed By: Roxanne Mirabile Show Phone

Source: Exprealty

Added: Jan 26 Changed: Oct 4 Last Checked: Oct 23 at 7:35AM

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Investment Insights

Based on property information with market context.

This commercial condominium, suitable for sale or lease, offers approximately 2,020 square feet of move-in ready office space. Located on the first floor, the unit features a private entrance leading to a reception area. The open floor plan benefits from ample natural light and includes workspaces and offices separated by high-end glass walls. Multiple entrances and exits are present, along with a kitchenette and restroom. A paved lot provides parking. Situated in the heart of Murrysville, Westmoreland County, the property is located minutes from the Monroeville PA Turnpike 76 and Parkway 376 entrances. An additional 900 square feet adjacent to this unit is available. The monthly HOA fee is $420.51. The property is available for lease at $3,360 per month, plus additional fees under a triple net lease, where the tenant is responsible for insurance, taxes, condo fee, and generator fee.

Key Highlights

• Prime office space in the heart of Murrysville, Westmoreland County.
• Move‑in ready, approximately 2,020 square feet first floor unit.
• Option to buy or lease.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,805

Cap Rate

3.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$516,100 $516.1K

Cap Rate 7%

$368,643 $368.6K

Cap Rate 9%

$286,722 $286.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,020 SF

Gross rent

$45.6K $22.56/SF

− Vacancy

−$11.2K −$5.53/SF

EGI

$34.4K $17.03/SF

− OpEx

−$8.6K −$4.26/SF

NOI

$25.8K $12.77/SF

Area

Westmoreland County, PA

Vacancy

24.50%

Lease Rate

$22.56 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$516,100

Cap Rate 7%

$368,643

Cap Rate 9%

$286,722

Alternative Uses

Best Use

Office B

$368.6K

$322.6K – $430.1K (±1% cap)

NOI $25,805 @ 7.0% cap · market cap 3.23%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$514.5K

$450.2K – $600.3K (±1% cap)

NOI $36,017 @ 7.0% cap · market cap 4.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Devin & Sons Plumbing Plumbing Service The Welsh Law Group, ... Law Firm Dedicated Nursing Associates, ... Home Health Care Service Advisors LLC Financial Advisor Equity Advisor Group ... Financial Advisor

Suggested Use

Top Pick Pharmacy Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

587

Businesses Nearby

Explore this area Business Placement

Demographics for 15668, PA

13,433

Population

5,893

Households

2.3

Avg Household Size

50

Median Age

54%

College-Educated

98%

High-School Grad

22.4 sq mi

ZIP Area

600

Density / Sq Mi

$121,743

Median Household Income

$60,669

Median Earnings

$1,303

Median Rent

$315,000

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Prime Westmoreland County office condo for sale or lease.

Where is this office unit located?

The property is located at Ste-240-3875 Franklintowne Ct Murrysville, PA.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: Prime office space in the heart of Murrysville, Westmoreland County.; Move‑in ready, approximately 2,020 square feet first floor unit.; Option to buy or lease.