118 Nature Park Rd Greensburg, PA 15601-6960
Property profile & analytics
118 Nature Park Rd Greensburg, PA 15601-6960
- Commercial real estate
- 61,944 SF
- 5.50 lot acres
Property ID
US73-3950081
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.
Location Intelligence
Current Use by Public Records
- Kathryn E McCarthy, PhD / Physician / Medical Clinic
- Shahin Ayazi, MD / Physician
- Brian Mosier, MD / Physician
- Blair A Jobe, MD / Physician
- Allegheny Orthopaedic Associates / Physician
Property Details for 118 Nature Park Rd
- Year built
- 1963
- Construction
- CONCRETE
- Lot size
- 5.50 lot acres
- Property size
- 61,944 SF
- Property type
- Commercial real estate
- APN
- 50-16-00-0-109
- APU
- 5016000109
Description
This exceptional investment opportunity presents a 62,000-square-foot shopping center in Greensburg, Pennsylvania, boasting a prime location within the bustling East Greensburg retail corridor. The property, situated on a 5.5-acre lot at 118 Nature Park Road (APN 50-16-00-0-109), is fully occupied by two strong tenants: Pool City and Allegheny Health Network. Built in 1970, this single-building center offers a compelling 6.71% cap rate and a substantial net operating income (NOI) of $704,926, with an asking price of $10,500,000 ($169.35/sq ft). The property benefits from a high traffic count on US Route 30, exceeding 40,700 vehicles daily, and enjoys close proximity to major retailers including Westmoreland Mall, East Gate Shopping Center, Best Buy, Barnes & Noble, and Burlington. Tenants are on triple-net leases, minimizing landlord responsibilities and ensuring stable cash flow. The weighted average lease term remaining is 3.3 years, offering potential upside through tenant renewal options. Allegheny Health Network, a significant Pittsburgh-based integrated health network, occupies 38.2% of the gross leasable area (GLA). The East Greensburg submarket features 2.8 million square feet of retail space and an 8.5% vacancy rate. This property represents a rare opportunity to acquire a high-performing, well-located retail asset with significant long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,380,000
- 6.5%
- $4,965,000
- 7%
- $4,610,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,697,000
- AI Estimate
- $3,820,000
Market price range: $3.13M - $9.07MMarket price range: $2.13M - $7.90M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Greensburg
- County
- Westmoreland
- State
- Pennsylvania
- Longitude
- -79.4962
- Latitude
- 40.3035
- 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
$71,699
$49,900
$561,660
$611,560
-
$49,900
$561,660
$611,560
