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    Property profile & analytics

    Langer Way McKees Rocks, PA 15136

    • Land
    For Lease
    View listing
    $1.75 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Langer Way

    Property type
    Land

    Description

    This exceptional 4-acre outparcel presents a unique investment opportunity within the thriving Kennedy Center mixed-use shopping plaza. The property offers a flexible footprint ranging from 11,000 to 174,831 square feet, ideal for a variety of commercial or residential developments. The site benefits from its strategic location within a vibrant and established commercial center, anchored by prominent national tenants including Giant Eagle, O'Reilly Auto Parts, FNB, and Taco Bell. Supporting businesses include Aaron's, Rockefellers Grille, and other smaller shops housed within a 35,000 square foot strip center. The surrounding area also boasts a 49,500 square foot office building and a newly constructed (2023) 120-unit apartment building, demonstrating strong existing residential and commercial demand. Further enhancing the area's appeal is a new car wash currently under construction. This prime location offers excellent visibility and accessibility, making it an attractive proposition for developers seeking to capitalize on the high traffic volume and established customer base of the Kennedy Center. The single-tenant designation provides flexibility for customized development plans. This is a rare opportunity to acquire land in a rapidly growing area with significant potential for long-term appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    McKees Rocks
    County
    State
    Pennsylvania
    Longitude
    -80.0933
    Latitude
    40.4698

    Comparable in this City

    • Value Estimation by Request
      2.90 Acres

      Steubenville Pike

      Land • 2.90 Acres
      0 Steubenville Pike, McKees Rocks, PA 15136
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    • Value Estimation by Request
      0.24 Acres

      1162-1168 Dohrman St

      Multifamily properties • 0.24 Acres
      1162-1168 Dohrman St, McKees Rocks, PA 15136
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    • Value Estimation by Request

      908 Island Ave

      Multifamily properties
      908 Island Ave, McKees Rocks, PA 15136
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    • Value Estimation by Request
      9,800 SF

      1120-1126 Dohrman St

      Multifamily properties • 9,800 SF
      1120-1126 Dohrman St, McKees Rocks, PA 15136
      View Details
    • Value Estimation
      $240,000
      0.06 Acres

      423 Broadway Ave

      COMMERCIAL (GENERAL) • 0.06 Acres
      423 Broadway Ave, Mc Kees Rocks, PA 15136-3025
      View Details
    • Value Estimation
      $250,000
      0.10 Acres

      400 Locust St

      COMMERCIAL (GENERAL) • 0.10 Acres
      400 Locust St, Mc Kees Rocks, PA 15136-3557
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      McKees Rocks Rental Portfolio

      76-unit multifamily value-add opportunity
      908 Is Ave, McKees Rocks, PA 15136
      View Details
    • $180,000
      15,000 SF

      Mixed-Use Building in McKees Rocks

      15,000 SF mixed-use building with land in Pittsburgh.
      400 Shingiss St, Mc Kees Rocks, PA 15136
      View Details
    • $200,000
      Pending

      McKees Rocks Apartment Building

      Six-unit apartment building with detached garage in McKees Rocks.
      420 Broadway Ave, Mc Kees Rocks, PA 15136
      View Details
    • $242,500
      0.07 Acres

      McKees Rocks Fourplex Investment Opportunity

      Fully rented four-unit property with separate utilities and updated systems.
      1210 Holmes St, Mc Kees Rocks, PA 15136
      View Details
    • Contact for pricing
      8,997 SF

      McKees Rocks Commercial Land Opportunity

      Commercial land available for ground lease or build to suit.
      Island Ave, Mc Kees Rocks, PA 15136
      View Details
    • $2,995,000
      45,280 SF

      McKees Rocks Industrial Property

      Versatile 2-story building; office & warehouse space
      501 Robb St, McKees Rocks, PA 15136
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    Similar Nearby for Lease

    • $1.75 SF/Yr
      174,831 SF

      Kennedy Township Outparcels: Prime Land

      Four acres, mixed-use development potential.
      0 Langer Way, McKees Rocks, PA 15136
      View Details
    • Contact for pricing
      1 SF

      McKees Rocks Retail Outparcel Opportunity

      High-traffic location, 0.55-acre lot.
      1800 Mckees Rocks Rd, McKees Rocks, PA 15136
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Mc Kees Rocks

      Retail space available for lease in Mc Kees Rocks.
      500-576 Pine Hollow Rd, Mc Kees Rocks, PA 15136
      View Details
    • Contact for pricing
      150,618 SF

      McKees Rocks Industrial Warehouse

      150,618 SF Warehouse, Prime Location
      400 Graham St, McKees Rocks, PA 15136
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Mc Kees Rocks

      Retail space available for lease in Mc Kees Rocks.
      6091 Steubenville Pike, Mc Kees Rocks, PA 15136
      View Details
    • $9 SF/Yr
      5,880 SF

      McKees Rocks Flex Space Available

      5,880 SF flex space available for lease.
      1 Mccormick Rd, Mc Kees Rocks, PA 15136
      View Details
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    Langer Way
    McKees Rocks, PA 15136
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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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