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

    610 William Marks Dr Homestead, PA 15120

    • Retail properties
    • 3,100 SF
    • 1.59 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 610 William Marks Dr

    Lot size
    1.59 lot acres
    Property size
    3,100 SF
    Property type
    Retail properties

    Description

    This exceptional 2.1-acre commercial pad site presents a unique investment opportunity in the thriving Meredith submarket. Strategically located directly off Interstate 93 at Exit 23 on Route 104, this cleared and level lot boasts high visibility and accessibility, with an impressive 13,000 average annual daily traffic count (AADT). The site's prime location serves as a gateway to Meredith and Moultonborough, and the desirable north shore of Lake Winnipesaukee, ensuring significant exposure to a substantial consumer base. The property is zoned for mixed-use development, offering flexibility for a variety of commercial ventures. Permitted uses include retail, industrial, and multi-family developments, providing a wide range of development possibilities to suit diverse business needs. This presents a rare chance to establish a presence in a high-demand area. The site is available for ground lease or build-to-suit options, providing flexibility to accommodate various development plans and investment strategies. Don't miss this opportunity to capitalize on the exceptional location and development potential of this premier commercial land parcel.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9018
    Latitude
    40.4098

    Comparable in this City

    • Value Estimation by Request
      10.13 Acres

      360 Waterfront Dr

      DEPARTMENT STORE • 10.13 Acres
      360 Waterfront Dr, Homestead, PA 15120-5004
      View Details
    • Value Estimation
      $615,000
      15.71 Acres

      690 Waterfront Dr

      DEPARTMENT STORE • 15.71 Acres
      690 Waterfront Dr, Homestead, PA 15120-5000
      View Details
    • Value Estimation
      $715,000
      12.51 Acres

      501 Waterfront Dr

      DEPARTMENT STORE • 12.51 Acres
      501 Waterfront Dr, Homestead, PA 15120-5009
      View Details
    • Value Estimation by Request
      1.89 Acres

      152 Brg St, Unit 160

      RESTAURANT • 1.89 Acres
      152 Brg St, Homestead, PA 15120-5003
      View Details
    • Value Estimation
      $5,660,000
      1.82 Acres

      185 Waterfront Dr

      RESTAURANT • 1.82 Acres
      185 Waterfront Dr, Homestead, PA 15120-5015
      View Details
    • Value Estimation by Request
      0.15 Acres

      524 7th Ave

      BAR, TAVERN • 0.15 Acres
      524 7th Ave, Homestead, PA 15120-1037
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,100 SF

      Prime Meredith Pad Site

      2.1 Acres, I-93 Access, Build-to-Suit
      610 William Marks Dr, Homestead, PA 15120
      View Details
    • $299,000
      0.06 Acres

      Mixed-Use Property on E. 8th

      Mixed-use property with commercial space and apartments in Homestead, PA.
      340 E 8 Ave, Homestead, PA 15120
      View Details
    • $399,900
      0.08 Acres

      West Homestead Mixed-Use Investment Opportunity

      Mixed-use property with storefronts and apartments, great income potential.
      407-409 W 8Th Ave, West Homestead, PA 15120
      View Details
    • $1,147,000
      14,180 SF

      Homestead Mixed-Use Investment Opportunity

      Mixed-use property with retail, residential, and office/warehouse spaces.
      504-510 E 8 Ave, Homestead, PA 15120
      View Details
    • $90,000
      0.10 Acres

      Prime Homestead Commercial Land Opportunity

      Desirable flat lot in Homestead's thriving Central Business District.
      235 E 8 Ave, Homestead, PA 15120
      View Details
    • $310,000
      0.06 Acres

      Mixed-Use Property with Updated Apartments

      Multi-unit commercial property featuring updated apartments and storage bays.
      526 E 8 Ave, Munhall, PA 15120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,000 SF

      Homestead Restaurant/Brewery Space

      Prime Location, 3,000+ SF Available
      145 8 Ave, Homestead, PA 15120
      View Details
    • Contact for pricing
      56,054 SF

      Homestead Retail Powerhouse

      Prime Allegheny County Shopping Center
      185 Waterfront Dr, Homestead, PA 15120
      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.
    610 William Marks Dr
    Homestead, PA 15120
    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.