Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    559 6 & Schoonmaker Ave Monessen, PA 15062
    Back to Search
    Property profile & analytics

    559 6 & Schoonmaker Ave, Monessen, PA 15062

    View on Map
    • Apartment buildings
    • 4,704 SF
    • 108.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 559 6 & Schoonmaker Ave

    Year built
    1900
    Lot size
    108.00 lot acres
    Property type
    Apartment buildings

    Description

    This exceptional investment opportunity presents an 18-unit multifamily property located at 559 6th & Schoonmaker Ave, Monessen, PA 15062, Westmoreland County. The property, built in 1900, boasts a substantial 4,704 square feet of space situated on a generous 108-acre lot. The building comprises a mix of residential and commercial units; the exact breakdown is 5 residential units and 4 commercial units. The asking price for this significant investment is $195,500. Given its size, location, and the potential for increased rental income, this property represents a compelling opportunity for savvy investors seeking a strong return on investment in the Monessen, Pennsylvania market. The property's substantial lot size offers significant potential for future development or expansion, adding further value to this already attractive offering. The building's age presents opportunities for renovation and modernization, allowing an investor to enhance the property's appeal and rental rates. Detailed financial records and further information are available upon request. This is a rare chance to acquire a substantial multifamily property in a growing area. Don't miss this chance to add a valuable asset to your portfolio. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monessen
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.8894
    Latitude
    40.1574

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      Monessen, PA 15062

      COMMERCIAL (GENERAL)
      Monessen, PA 15062
      View Details
    • Value Estimation by Request
      1.90 Acres

      Monessen, PA 15062

      COMMERCIAL (GENERAL)
      Monessen, PA 15062
      View Details
    • Value Estimation by Request
      2.10 Acres

      9 Pt Pt Lots, Unit 4

      VACANT COMMERCIAL LAND
      9 Pt Pt Lots, Monessen, PA 15062
      View Details
    • Value Estimation by Request
      0.05 Acres

      410 12th St

      COMMERCIAL (GENERAL)
      410 12th St, Monessen, PA 15062-1022
      View Details
    • Value Estimation by Request
      0.06 Acres

      223 1st St

      COMMERCIAL (GENERAL)
      223 1st St, Monessen, PA 15062
      View Details
    • Value Estimation by Request
      0.21 Acres

      213 3rd St

      VACANT COMMERCIAL LAND
      213 3rd St, Monessen, PA 15062-1118
      View Details

    Similar Nearby for Sale

    • $97,500
      0.25 Acres

      Solid Brick Commercial Building

      Commercial building with versatile layout, ready to be customized.
      8 Donner Ave, Monessen, PA 15062
      View Details
    • $119,000
      0.03 Acres

      Monessen Office Investment Opportunity

      Multi-use commercial building with investment potential, near I-70.
      422 6Th St, Monessen, PA 15062
      View Details
    • Contact for pricing
      0.03 Acres

      Monessen Commercial Building - Huge Potential

      Versatile building, great location, many uses.
      1 Aliquippa Ave, Monessen, PA 15062
      View Details
    • $895,000
      3.10 Acres

      Monessen Retail Center - Great Investment

      Multi-tenant retail property with strong leases.
      1295 Grand Blvd, Monessen, PA 15062
      View Details
    • $650,000
      0.84 Acres

      Monessen Commercial Building Investment

      Versatile Multi-Unit Building, High Income Potential
      15 Eastgate Ave, Monessen, PA 15062
      View Details
    • Contact for pricing

      Iconic Building with Restaurant Space

      Charming brick building with restaurant and banquet facilities for sale.
      442 Schoonmaker Ave, Monessen, PA 15062
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      132,305 SF

      Monessen Industrial Building For Lease

      131,872 SF industrial space on 21.94 acres available.
      210-230 Riverview Dr, Monessen, PA 15062
      View Details
    • Contact for pricing
      86,364 SF

      Monessen Industrial Warehouse with Yard

      86,364 SF warehouse with laydown yard near I-70.
      112 Riverview Dr, Monessen, PA 15062
      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.
    559 6 & Schoonmaker Ave
    Monessen, PA 15062
    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

    Thank You for Inquiry
    559 6 & Schoonmaker Ave, Monessen, PA, 15062
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!