Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    118 S Pittsburgh St Connellsville, PA 15425
    Property profile & analytics

    118 S Pittsburgh St, Connellsville, PA 15425

    View on Map
    • Office buildings
    • 0.05 lot acres
    For Sale
    $169,900
    View Listing →
    Mixed-Use Building with Renovation Potential For Sale
    $169,900
    0.05 Acres

    Mixed-Use Building with Renovation Potential

    Mixed-use building with medical facility and residential rental potential.

    118 Pittsburgh St, Connellsville, PA 15425
    View Listing
    Property ID
    US73-1784537
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 118 S Pittsburgh St

    Lot size
    0.05 lot acres
    Property type
    Office buildings
    APN
    05-07-0144
    APU
    5070144

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 13, 2022 $100,000 Bam Realty LLC Cathleen A Lizza Deed $75k · Community Bank

    Description

    This exceptional mixed-use property at 118 S Pittsburgh Street in Connellsville, PA presents a compelling investment opportunity. Situated on a 0.05-acre lot, the building offers a unique blend of commercial and residential spaces. The ground floor previously housed a medical facility on one side and a residential rental unit on the other, providing immediate income potential upon renovation or lease. The second floor comprises four residential rental units. Three of these units have undergone complete renovations, ensuring immediate occupancy and rental income. The fourth unit presents an opportunity for further renovation and increased rental revenue. The building's versatile layout and established rental history make it an attractive proposition for investors seeking a strong return on investment. The property's location in Connellsville offers convenient access to local amenities and transportation routes. This is a rare chance to acquire a well-positioned mixed-use building with significant upside potential. The existing infrastructure and partially renovated units minimize initial investment requirements, allowing for a quicker path to profitability. Serious inquiries are encouraged to explore this promising investment opportunity further. The asking price is $179,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Connellsville
    County
    Fayette
    State
    Pennsylvania
    Longitude
    -79.5893
    Latitude
    40.0171
    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
    $1,048
    $4,240
    $30,580
    $34,820
    -
    $8,480
    $61,160
    $69,640

    Comparable in this City

    • Value Estimation by Request
      0.44 Acres

      125 7th St

      OFFICE BUILDING
      125 7th St, Connellsville, PA 15425-2556
      View Details
    • Value Estimation by Request
      1.00 Acre

      Frank Gallo Ln

      OFFICE BUILDING
      Frank Gallo Ln, Connellsville, PA 15425
      View Details
    • Value Estimation by Request
      0.06 Acres

      404 Pittsburgh St

      OFFICE BUILDING
      404 Pittsburgh St, Connellsville, PA 15425-3216
      View Details
    • Value Estimation by Request
      0.05 Acres

      Pittsburgh St

      OFFICE BUILDING
      Pittsburgh St, Connellsville, PA 15425
      View Details
    • Value Estimation by Request
      2,570 SF

      610 Crawford Ave

      OFFICE BUILDING
      610 Crawford Ave, Connellsville, PA 15425-2171
      View Details
    • Value Estimation by Request
      1,376 SF

      1518 Pittsburgh St

      OFFICE BUILDING
      1518 Pittsburgh St, Connellsville, PA 15425-4803
      View Details

    Similar Nearby for Sale

    • $97,500
      0.13 Acres

      Updated Office in Central Connellsville

      Updated office building located in the central business area.
      102 Arch St, Connellsville, PA 15425
      View Details
    • Contact for pricing
      12,500 SF

      Connellsville Multi-Tenant Office Building

      12,500 SF multi-tenant office building with income potential.
      1035 Morrell Ave, Connellsville, PA 15425
      View Details
    • $775,000
      7,000 SF

      Mixed-Use Property in Connellsville, PA

      Versatile commercial and residential property with expansion potential.
      1204 Memorial Blvd, Connellsville, PA 15425
      View Details
    • Contact for pricing

      Mixed-Use Building with Renovation Potential

      Mixed-use building with medical facility and residential rental potential.
      118 Pittsburgh St, Connellsville, PA 15425
      View Details
    • $940,000
      0.72 Acres

      Connellsville Commercial Property Near Hospital

      Two modern buildings suitable for medical, office, or industrial use.
      424 E Gibson Ave, Connellsville, PA 15425
      View Details
    • $179,900
      0.05 Acres

      Connellsville Mixed-Use Investment

      Prime Connellsville location, high rental potential.
      118 Pittsburgh St, Connellsville, PA 15425
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Connellsville Office Space For Lease

      Office space available in Connellsville, ideal for medical or professional use.
      1035-1051 Morrell Ave, Connellsville, PA 15425
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      802 Vanderbilt Rd, Connellsville, PA 15425
      View Details
    • Contact for pricing
      1,500 SF

      Connellsville Flex/Industrial Space Available

      Flex/industrial space available for lease in Connellsville, Pennsylvania.
      208-224 Memorial Blvd, Connellsville, PA 15425
      View Details
    • Contact for pricing
      2,275 SF

      Retail Space in Connellsville Center

      Retail space available in well-established Connellsville neighborhood center.
      119 Memorial Blvd, Connellsville, PA 15425
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease at University Drive.
      1952 University Dr, Connellsville, PA 15425
      View Details
    View Listing
    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.
    118 S Pittsburgh St
    Connellsville, PA 15425
    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

    Thank You for Inquiry
    118 S Pittsburgh St, Connellsville, PA, 15425
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!