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    761 Commonwealth Dr Warrendale, PA 15086
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    761 Commonwealth Dr, Warrendale, PA 15086

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    • Warehouses
    • 4,400 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Corry Micronics / Industrial Manufacturer / Production Facility
    • HUB Parking Technology USA, Inc / Corporate Office

    Property Details for 761 Commonwealth Dr

    Property type
    Warehouses
    Property subtype
    Life science properties

    Description

    This exceptional 8,668-square-foot suite is situated within Building 2 of the Commons at Thorn Hill, a highly sought-after industrial park in Warrendale, Pennsylvania. The property boasts a desirable flex space configuration, ideal for a variety of businesses. The space includes a modern showroom area, seamlessly integrated with private offices, open office space, and dedicated production areas. A convenient breakroom is also included for employee comfort. The functional warehouse component features a 20-foot clear ceiling height, facilitating efficient storage and operations. One dock-high loading door ensures easy access for loading and unloading. The suite is served by a 225 AMP, 480/227V, 3-phase, 4-wire power panel. The property is zoned SP-1 within Cranberry Township. Ample parking is available with 150 total spaces for employees and visitors. The address is 761 Commonwealth Drive, Warrendale, PA 15086. This Class A space offers a blend of modern amenities and functional design, making it an excellent opportunity for businesses seeking a prime location in a thriving industrial park. The total building square footage is 4,400 square feet. This listing represents a single tenancy opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Warrendale
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.1122
    Latitude
    40.6781

    Comparable in this City

    • Value Estimation by Request
      11.95 Acres

      119 Commonwealth Dr

      DISTRIBUTION WAREHOUSE
      119 Commonwealth Dr, Warrendale, PA 15086-7503
      View Details
    • Value Estimation by Request
      1.89 Acres

      155 Thorn Hl Rd

      WAREHOUSE, STORAGE
      155 Thorn Hl Rd, Warrendale, PA 15086-7527
      View Details
    • Value Estimation by Request
      2.73 Acres

      170 Thorn Hl Rd

      WAREHOUSE, STORAGE
      170 Thorn Hl Rd, Warrendale, PA 15086-7528
      View Details
    • Value Estimation
      $1,375,000
      0.87 Acres

      375 Northgate Dr

      WAREHOUSE, STORAGE
      375 Northgate Dr, Warrendale, PA 15086-7676
      View Details
    • Value Estimation
      $8,375,000
      13.02 Acres

      173 Thorn Hl Rd

      WAREHOUSE, STORAGE
      173 Thorn Hl Rd, Warrendale, PA 15086-7527
      View Details
    • Value Estimation by Request
      1.19 Acres

      201 Commonwealth Dr

      WAREHOUSE, STORAGE
      201 Commonwealth Dr, Warrendale, PA 15086-7506
      View Details

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    Similar Nearby for Lease

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      Warrendale Flex/Industrial Space Available

      Flex/industrial space with loading dock and convenient highway access.
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      Warrendale Office/Flex Space Available

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      Warrendale Office/Lab/Flex Space Available

      Office, lab, training, flex, and incubator space for rent.
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      Warrendale Flex/Industrial Space Available

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    Warrendale, PA 15086
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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