Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Colonnade At State College State College, PA 16803

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Colonnade At State College State College, PA 16803

    View on Map
    • Retail properties & Spaces
    • 68,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Colonnade At State College

    Property size
    68,000 SF
    Property type
    Retail properties & Spaces

    Description

    The Colonnade at State College offers an exceptional opportunity for businesses seeking retail space in a vibrant Pennsylvania location. This Centre County property boasts a total of 68,000 square feet of commercial space, currently entirely vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 5,000 square feet to a maximum contiguous space of 68,000 square feet, providing flexibility for businesses of various sizes. The property is ideally situated in State College, PA, zip code 16803, offering high visibility and accessibility to a significant customer base. This is a rare chance to secure a substantial, entirely vacant retail space in a thriving market. The building's size and layout provide ample opportunity for customization to suit individual tenant needs. With its prime location and significant square footage, this property presents a unique investment opportunity for businesses looking to establish or expand their presence in State College. The property is classified as retail commercial space and is ready for immediate occupancy. Contact us today to learn more about leasing options and explore the possibilities for your business at this exceptional location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.9078
    Latitude
    40.812

    Comparable in this City

    • Value Estimation by Request
      261,891 SF

      Atherton St. & Vairo Blvd

      Retail properties & Spaces • 261,891 SF
      0 Atherton St. & Vairo Blvd, State College, PA 16803
      View Details
    • Value Estimation by Request
      11,312 SF

      1910 Atherton St

      Retail properties & Spaces • 11,312 SF
      1910 Atherton St, State College, PA 16803
      View Details
    • Value Estimation by Request
      3.42 Acres

      2350 Bernel Rd

      COMMERCIAL (GENERAL) • 3.42 Acres
      2350 Bernel Rd, State College, PA 16803-3709
      View Details
    • Value Estimation by Request

      1521 Martin St

      COMMERCIAL (GENERAL)
      1521 Martin St, State College, PA 16803-3057
      View Details
    • Value Estimation by Request

      111 Vlg Dr

      COMMERCIAL (GENERAL)
      111 Vlg Dr, State College, PA 16803-2923
      View Details
    • Value Estimation by Request
      3.57 Acres

      2190 High Tech Rd

      COMMERCIAL (GENERAL) • 3.57 Acres
      2190 High Tech Rd, State College, PA 16803-1734
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Land on Retail Corridor

      Land available for lease in State College retail corridor.
      1430 N Atherton St, State College, PA 16803
      View Details
    • $1,600,000

      State College Commercial Space Available

      Well-maintained commercial space with flexible layout and ample parking.
      2160 A&B Sandy Dr, State College, PA 16803
      View Details
    • $2,890,000
      1.66 Acres

      Spacious Medical Office Investment Opportunity

      Large medical office with established tenant and additional vacant space.
      2014 Sandy Dr, State College, PA 16803
      View Details
    • Contact for pricing
      9,202 SF

      Medical Building in Science Park

      Two-unit dental office building near Penn State University.
      2014 Sandy Dr, State College, PA 16803
      View Details
    • Contact for pricing

      Outparcel Pads Near Lowe's

      Two prime commercial land parcels available near major retailers.
      Clearfield PA 16830 Lowes Blvd, Clearfield, PA 16803
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Pad Sites For Lease

      Pad sites available for lease at 1430 N Atherton St.
      1430 N Atherton St, State College, PA 16803
      View Details
    • Contact for pricing
      22,320 SF

      Mixed-Use Development Opportunity

      Proposed mixed-use development near Penn State University.
      132 Franklin Manor Ln, State College, PA 16803
      View Details
    • Contact for pricing

      Grocery Anchored Retail Shopping Center

      111,500 SF retail center anchored by Giant.
      255 Northland Ctr, State College, PA 16803
      View Details
    • Contact for pricing

      Established Shopping Center Space Available

      Retail spaces for lease near Penn State University campus.
      N Atherton St. & Vairo Blvd, State College, PA 16803
      View Details
    • Contact for pricing
      23,250 SF

      Retail Space Near Penn State

      Dominant retail center in State College near Penn State University.
      325 Colonnade Blvd, State College, PA 16803
      View Details
    • Contact for pricing
      7,026 SF

      Class A Office Space Available

      7,026 SF office space for rent in State College.
      331 Innovation Blvd, State College, PA 16803
      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.
    Colonnade At State College
    State College, PA 16803
    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.
    Sign Up Successful!
    You now have access to more from Realmo!