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    Property profile & analytics

    131 Kline Ave Evans City, PA 16033

    • Warehouses
    • 53,267 SF
    • 4.10 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Travelers Insurance / Insurance Agency

    Property Details for 131 Kline Ave

    Year built
    1930
    Lot size
    4.10 lot acres
    Property size
    53,267 SF
    Property type
    Warehouses
    Property subtype
    Office Properties & Spaces

    Description

    This 53,267-square-foot industrial property in Evans City, PA, offers versatile space ideal for manufacturing, flex, or warehouse operations. Located in the Cranberry Township submarket of Butler County, this single-story, 1930-built building boasts a recent 2024 renovation, including updated offices and restrooms. The property features 22,668 square feet of immediately available space, divisible down to 5,760 square feet, with a maximum contiguous space of 22,668 square feet. The building includes 13-foot ceilings, one loading dock, one dock-high door, and one drive-in door. Ample parking is provided with 50 total spaces. The property sits on 4.1 acres, with approximately 3/4 of an acre available for additional parking or laydown yard. Power is supplied by an 800-amp, 3-phase system. The property is zoned industrial and benefits from its convenient location near Cranberry Township, Zelienople, I-79, and the Pennsylvania Turnpike (I-76). The owner is open to subdividing the office and warehouse areas to accommodate tenants requiring between 3,000 and 22,668 square feet. This Class C building presents a unique opportunity for businesses seeking efficient and well-maintained industrial space in a strategic location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Evans City
    County
    Butler
    State
    Pennsylvania
    Longitude
    -80.0378
    Latitude
    40.7408

    Comparable in this City

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      440 Hartmann Rd

      INDUSTRIAL (GENERAL) • 71.22 Acres
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    • Value Estimation
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      1424 Mars Evans City Rd

      INDUSTRIAL (GENERAL) • 21.17 Acres
      1424 Mars Evans City Rd, Evans City, PA 16033-9360
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    • Value Estimation
      $250,000
      1,188 SF

      Rr R

      INDUSTRIAL (GENERAL) • 1,188 SF
      Rr R, Evans City, PA 16033
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    • Value Estimation
      $285,000
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      360 Main St

      INDUSTRIAL (GENERAL) • 4.72 Acres
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    • Value Estimation
      $375,000
      14.48 Acres

      1424 Mars Evans City Rd

      INDUSTRIAL (GENERAL) • 14.48 Acres
      1424 Mars Evans City Rd, Evans City, PA 16033-9360
      View Details
    • Value Estimation
      $345,000
      4.11 Acres

      100 3rd St

      COMMERCIAL (GENERAL) • 4.11 Acres
      100 3rd St, Evans City, PA 16033-9264
      View Details

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    Similar Nearby for Lease

    • $6 SF/Yr
      53,267 SF

      Evans City Industrial Space

      53,267 SF Warehouse/Office, PA
      131 Kline Ave, Evans City, PA 16033
      View Details
    • Contact for pricing
      77,950 SF

      Evans City Warehouse Space Available

      Warehouse space available for sublease through December 2029.
      106 Center St, Evans City, PA 16033
      View Details
    • $14 SF/Yr
      3,714 SF

      Evans City Former Bank Building

      13,240 SF former bank building available for lease.
      238 E Main St, Evans City, PA 16033
      View Details
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    Evans City, PA 16033
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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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