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

    114 Park Dr Kittanning, PA 16201-7124

    • Manufacturing properties
    • 4,650 SF
    • 2.79 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    9.9%
    Manufacturing properties
    Location Intelligence
    Property ID
    US73-2267300
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • APM / Machine Shop

    Property Details for 114 Park Dr

    Year built
    1986
    Lot size
    2.79 lot acres
    Property size
    4,650 SF
    Zone code
    INDUSTRIAL
    Property type
    Manufacturing properties
    APN
    12-0-050204
    APU
    120050204

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $450,000
      6.5%
      $415,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $240,000
      Market price range: $85.2k - $240k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $360,000
      WAREHOUSE, STORAGE
      $320,000
      RETAIL STORES
      $250,000
      COMMERCIAL (GENERAL)
      $240,000
      OFFICE BUILDING
      $200,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kittanning
    County
    Armstrong
    State
    Pennsylvania
    Longitude
    -79.5649
    Latitude
    40.8122
    CBSA code
    38300
    CBSA name
    PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,213
    $86,130
    $71,730
    $157,860
    -
    $246,080
    $204,940
    $451,020

    Comparable in this City

    • Value Estimation
      $270,000
      1,552 SF

      127 Gellner Ln

      MANUFACTURING (LIGHT) • 1,552 SF
      127 Gellner Ln, Kittanning, PA 16201-4713
      View Details
    • Value Estimation
      $95,000
      3,000 SF

      354 Butler Rd

      MANUFACTURING (LIGHT) • 3,000 SF
      354 Butler Rd, Kittanning, PA 16201-2169
      View Details
    • Value Estimation
      $750,000
      78,825 SF

      1601 Johnston Ave

      MANUFACTURING (LIGHT) • 78,825 SF
      1601 Johnston Ave, Kittanning, PA 16201
      View Details
    • Value Estimation
      $935,000
      62,060 SF

      104 Park Dr

      MANUFACTURING (LIGHT) • 62,060 SF
      104 Park Dr, Kittanning, PA 16201-7124
      View Details
    • Value Estimation
      $345,000
      18,715 SF

      336 Troy Hl Rd

      MANUFACTURING (LIGHT) • 18,715 SF
      336 Troy Hl Rd, Kittanning, PA 16201-7654
      View Details
    • Value Estimation
      $305,000
      12,000 SF

      238 Park Dr

      MANUFACTURING (LIGHT) • 12,000 SF
      238 Park Dr, Kittanning, PA 16201-7122
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.51 Acres

      Kittanning Industrial Space For Lease

      Customizable 30,000 sqft industrial space in West Hills.
      77-87 Glade Dr, Kittanning, PA 16201
      View Details
    • $495,000
      4,700 SF

      Cold Storage Warehouse on Acreage

      4,700 SF cold storage with paved parking and access.
      162 Glade Dr, Kittanning, PA 16201
      View Details
    • $218,000
      2,240 SF

      Route 422 Commercial Property

      High-visibility commercial property on Route 422 with secure outdoor storage.
      12412 Us Route 422, Kittanning, PA 16201
      View Details
    • $425,000
      0.69 Acres

      201 Jefferson St, Kittanning, PA 16201

      Industrial properties • 0.69 Acres
      201 Jefferson St, Kittanning, PA 16201
      View Details
    • $225,000
      1.40 Acres

      Kittanning Office Building - Great Potential

      Spacious Office Building, 1.4 Acres, Elevator
      2359 Freeport Rd, Kittanning, PA 16201
      View Details
    • $800,000
      Pending

      Established Assisted Living Facility

      Operating assisted living facility with growth potential in Kittanning, PA.
      111 Altmeyer Dr, Kittanning, PA 16201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      225,601 SF

      Hilltop Plaza Warehouse Space Available

      Kittanning, PA warehouse for lease. Excellent location.
      1 Hilltop Plz, West Hills, PA 16201
      View Details
    • Contact for pricing
      151,673 SF

      Franklin Village Retail Center

      High-traffic retail spaces available.
      1 Franklin Village Mall, Kittanning, PA 16201
      View Details
    • Contact for pricing
      1,470 SF

      Retail Space in Kittanning Plaza

      Retail space available in multi-tenant shopping center.
      2 Hilltop Plz, Kittanning, PA 16201
      View Details
    • Contact for pricing
      30,174 SF

      Retail Space in Franklin Village

      Retail space for lease in busy shopping center.
      1-31 Franklin Village Mall, Kittanning, PA 16201
      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.
    114 Park Dr
    Kittanning, PA 16201-7124
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.