Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    255 Elm Dr Waynesburg, PA 15370

    • Commercial real estate
    • 3.57 lot acres
    For Sale
    View listing
    $1,282,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • State Police / Police Department

    Property Details for 255 Elm Dr

    Year built
    1992
    Lot size
    3.57 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, situated at 255 Elm Drive in Waynesburg, Pennsylvania, presents a compelling investment opportunity. The 7,500 square foot brick building boasts a meticulously maintained exterior, featuring a newer metal roof and a modern HVAC system, ensuring both durability and energy efficiency. Currently leased to the Pennsylvania Department of General Services, this property offers a stable and reliable income stream. Its strategic location provides convenient access to major highways, enhancing its appeal to a wide range of businesses and tenants. The property's attractive curb appeal is further enhanced by professional landscaping, a sizable parking area to accommodate numerous vehicles, and a secure fenced storage area, adding to its overall functionality and value. The expansive 3.57-acre lot provides ample space for future expansion or additional development, presenting significant potential for long-term growth and return on investment. This turnkey commercial property is ready for immediate occupancy and offers a rare combination of location, size, and operational efficiency. The existing lease with a government entity provides a strong foundation for a secure and profitable investment. This is an exceptional opportunity for discerning investors seeking a high-quality, well-maintained commercial property in a desirable location. The property's features and strategic positioning make it an ideal investment for those seeking a stable and potentially appreciating asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waynesburg
    County
    Greene
    State
    Pennsylvania
    Longitude
    -80.1458
    Latitude
    39.8956

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      Waynesburg, PA 15370

      COMMERCIAL (GENERAL) • 0.18 Acres
      Waynesburg, PA 15370
      View Details
    • Value Estimation by Request
      0.21 Acres

      Waynesburg, PA 15370

      COMMERCIAL (GENERAL) • 0.21 Acres
      Waynesburg, PA 15370
      View Details
    • Value Estimation by Request
      0.80 Acres

      Waynesburg, PA 15370

      COMMERCIAL (GENERAL) • 0.80 Acres
      Waynesburg, PA 15370
      View Details
    • Value Estimation by Request
      4.31 Acres

      Waynesburg, PA 15370

      COMMERCIAL (GENERAL) • 4.31 Acres
      Waynesburg, PA 15370
      View Details
    • Value Estimation by Request
      0.03 Acres

      Waynesburg, PA 15370

      COMMERCIAL (GENERAL) • 0.03 Acres
      Waynesburg, PA 15370
      View Details
    • Value Estimation by Request
      0.11 Acres

      Waynesburg, PA 15370

      COMMERCIAL (GENERAL) • 0.11 Acres
      Waynesburg, PA 15370
      View Details

    Similar Nearby for Sale

    • $799,000
      0.93 Acres

      Prime Waynesburg Commercial Building

      Spacious industrial steel building near I-79
      590 Rolling Meadows Rd, Waynesburg, PA 15370
      View Details
    • $1,282,500
      3.57 Acres

      Prime Waynesburg Commercial Building

      7500 SF, Leased, 3.57 Acres
      255 Elm Dr, Waynesburg, PA 15370
      View Details
    • $1,282,500
      3.57 Acres

      Well-Maintained Office Building For Sale

      7500 SF office building with newer roof and HVAC.
      255 Elm Dr, Waynesburg, PA 15370
      View Details
    • $200,000
      65,535 SF

      Former School in Waynesburg, PA

      Former Margaret Bell School with redevelopment potential in Waynesburg, PA.
      126 E Lincoln St, Waynesburg, PA 15370
      View Details
    • New
      $499,900
      0.50 Acres

      Commercial Property Near Greene County Fairgrounds

      Income-producing commercial property with car wash and storage units.
      118 School Dr, Waynesburg, PA 15370
      View Details
    • $620,000
      0.25 Acres

      102-108 High St, Waynesburg, PA 15370

      Retail properties • 0.25 Acres
      102-108 High St, Waynesburg, PA 15370
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Retail Space in Shopping Center

      8,000 SF available in busy shopping center.
      55 Sugar Run Rd, Waynesburg, PA 15370
      View Details
    • Contact for pricing
      12 SF

      Industrial Land Development Opportunity

      12-acre site for build-to-suit or yard space near I-79.
      11001 Evergreene Dr, Waynesburg, PA 15370
      View Details
    • Contact for pricing

      Industrial Property with Compression Station

      Approximately 8-acre industrial property featuring a compression station.
      141 Elm Dr, Waynesburg, PA 15370
      View Details
    • Contact for pricing
      4,427 SF

      Retail Spaces For Lease

      Retail spaces available ranging from 2,000 to 30,080 SF.
      100-220 Greene Plz, Waynesburg, PA 15370
      View Details
    • Contact for pricing
      12 SF

      Industrial Land Build-to-Suit Opportunity

      12-acre industrial site for build-to-suit or yard space.
      11001 Evergreene Dr, Waynesburg, PA 15370
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    255 Elm Dr
    Waynesburg, PA 15370
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.