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    1044 University Dr Dunbar, PA 15431
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    1044 University Dr, Dunbar, PA 15431

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    • Retail properties & Spaces
    • 15,598 SF
    • 1.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1044 University Dr

    Lot size
    1.30 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Mixed-use properties

    Description

    This exceptional redevelopment opportunity presents a prime 15,598 square foot mixed-use property situated on a 1.3-acre lot at 1044 University Drive in Dunbar, Pennsylvania, zip code 15431. Currently vacant, this property offers significant potential for a variety of uses, previously operating as an auto shop, convenience store, and gas station. The building boasts a 12-foot ceiling height, providing ample space for various configurations. The asking price is $850,000, translating to a price per square foot of $54.49. Its strategic location along Route 119 in Connellsville, PA ensures high visibility and accessibility, making it an ideal investment for entrepreneurs seeking a high-traffic location. The property's versatility allows for creative redevelopment plans, catering to a wide range of business needs. This is a rare chance to acquire a substantial property in a desirable location with significant upside potential. The property is classified as Industrial, Mixed Use, and Retail. Detailed site plans and further information are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dunbar
    County
    Fayette
    State
    Pennsylvania
    Longitude
    -79.61
    Latitude
    39.9956

    Comparable in this City

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      1710 University Dr

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      0.50 Acres

      1213 University Dr

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      0.28 Acres

      Woodvale St

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      0.18 Acres

      31 Fayette St

      AUTO REPAIR, GARAGE
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      552 SF

      5th St

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    Similar Nearby for Sale

    • Contact for pricing
      15,598 SF

      Connellsville Commercial Property on Route 119

      High-visibility commercial property in Connellsville, Pennsylvania, with mixed-use potential.
      1044 University Dr, Dunbar, PA 15431
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    • $49,900
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      Dunbar Commercial Property with Garage

      0.285 acre commercial property with 1740 sq ft building.
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    • $11,000,000
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      Dunbar Warehouse: 100,000 SF

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      101,300 SF

      Class A Flex Industrial Building

      100,000 SF flex industrial building in Dunbar Business Park.
      5 Sandstone Way, Dunbar, PA 15431
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    • $85,000
      0.87 Acres

      Prime Commercial Lot on Route 119

      0.858 acre commercial lot with high visibility on Route 119.
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    • $225,000
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      Multi-Tenant Office Space Opportunity

      Two-story office building with apartments and commercial garage on 1-acre.
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    Similar Nearby for Lease

    • Contact for pricing

      Class A Flex Industrial Building

      101,300 SF flex industrial building for sale or lease.
      5 Sandstone Way, Dunbar, PA 15431
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    • $3,000,000

      Office Space Near Fairgrounds

      Office space available across from the Fairgrounds.
      1829 University Dr, Dunbar, PA 15431
      View Details
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    Dunbar, PA 15431
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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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