Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    119 Neely School Rd Wexford, PA 15090-7674
    Property profile & analytics

    119 Neely School Rd Wexford, PA 15090-7674

    View on Map
    • Sports & entertainment properties
    • 13.24 lot acres
    Off-Market
    Property ID
    US73-1427773
    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

    • Massage Therapy By Tim Mcclain / Alternative Medicine Practice / Spa & Massage Center
    • Pennsylvania Tennis Academy / Tutoring Service / Sports School
    • LiveReady / Consultant
    • Eric Dykstra / Physician
    • Elite Sports Chiropractic & Rehabilitation / Alternative Medicine Practice

    Property Details for 119 Neely School Rd

    Lot size
    13.24 lot acres
    Property type
    Sports & entertainment properties
    APN
    1497-G-1
    APU
    1497G1

    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
    Wexford
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.0892
    Latitude
    40.6249
    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
    $64,725
    $400,000
    $2,100,000
    $2,500,000
    -
    $400,000
    $2,100,000
    $2,500,000

    Comparable in this City

    • Value Estimation by Request
      3.54 Acres

      300-304 Warrendale Rd

      RECREATIONAL, ENTERTAINMENT • 3.54 Acres
      300-304 Warrendale Rd, Wexford, PA 15090
      View Details
    • Value Estimation by Request
      2.92 Acres

      10055 Old Perry Hwy

      RECREATIONAL, ENTERTAINMENT • 2.92 Acres
      10055 Old Perry Hwy, Wexford, PA 15090-9319
      View Details
    • Value Estimation by Request
      6.00 Acres

      250 Swinderman Rd

      RECREATIONAL, ENTERTAINMENT • 6.00 Acres
      250 Swinderman Rd, Wexford, PA 15090
      View Details
    • Value Estimation by Request
      1.53 Acres

      160 Lk Dr

      BOWLING ALLEY • 1.53 Acres
      160 Lk Dr, Wexford, PA 15090-8405
      View Details
    • Value Estimation by Request
      1.19 Acres

      12645 Perry Hwy

      BOWLING ALLEY • 1.19 Acres
      12645 Perry Hwy, Wexford, PA 15090-8340
      View Details
    • Value Estimation by Request
      20.09 Acres

      100 Vlg Clb Dr

      BOWLING ALLEY • 20.09 Acres
      100 Vlg Clb Dr, Wexford, PA 15090-8654
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,000 SF

      Wexford Veterinary Hospital Investment Opportunity

      Veterinary hospital with long-term NNN lease and annual increases.
      10309 Perry Hwy, Wexford, PA 15090
      View Details
    • Contact for pricing
      15,566 SF

      Eight Car Washes: Pittsburgh Portfolio

      Prime Car Wash Portfolio: Eight Locations
      3012 Wexford Road, Wexford, PA 15090
      View Details
    • Contact for pricing

      Pad Ready Land For Sale

      Commercial land with utilities in the heart of Wexford.
      10810 Perry Hwy, Wexford, PA 15090
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land available for sale in Wexford, Pennsylvania.
      9844 Old Perry Hwy, Wexford, PA 15090
      View Details
    • $2,150,000
      22,000 SF

      Signature Office Building in Wexford

      Signature office building with flexible workspace and revenue potential.
      10431 Perry Hwy, Wexford, PA 15090
      View Details
    • Contact for pricing

      Retail Property Near Soergel Orchards

      Well-maintained retail building with tenant in place and parking.
      2569 Brandt School Rd, Wexford, PA 15090
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space Available

      2,000 sq ft retail/office space for rent.
      2650 Brandt School Rd, Wexford, PA 15090
      View Details
    • Contact for pricing

      Affluent Area Commercial Property

      Located in Wexford, PA, an affluent area with high-end retail.
      12075 Perry Hwy, Wexford, PA 15090
      View Details
    • Contact for pricing
      15,503 SF

      Accessible Office Space Near Highway

      Office building with 24/7 access and highway visibility.
      6501 Wallace Road Ext, Wexford, PA 15090
      View Details
    • Contact for pricing
      3,530 SF

      Wexford Office Space Available

      3,530 SF office space with ample parking.
      6000 Brooktree Rd, Wexford, PA 15090
      View Details
    • $24 SF/Yr
      7,458 SF

      Wexford Office Space Available

      7,458 square foot office space for lease.
      2000 Corporate Dr, Wexford, PA 15090
      View Details
    • Contact for pricing
      557 SF

      Wexford Office Space For Rent

      Office space in Wexford, close to McKnight Road.
      10475 Perry Hwy, Wexford, PA 15090
      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.
    119 Neely School Rd
    Wexford, PA 15090-7674
    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
    119 Neely School Rd, Wexford, PA, 15090
    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!