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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1235 Oakland Ave Indiana, PA 15701

    • Retail space
    • 5,846 SF
    • 0.38 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4467074
    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

    • Retail space

    Property Details for 1235 Oakland Ave

    Year built
    1960
    Lot size
    0.38 lot acres
    Property size
    5,846 SF
    Property type
    Retail space
    APN
    24-006-507.01
    APU
    2400650701

    Description

    This exceptional 6,012 square foot free-standing retail building at 1235 Oakland Ave, Indiana, PA 15701, presents a unique leasing opportunity. The entire space is currently vacant, offering a blank canvas for a new tenant to customize. Situated on a 0.38-acre lot, the property boasts ample parking with 38 spaces, ensuring convenient access for customers and employees. The building features a modern façade and high ceilings, creating a welcoming and spacious interior. Abundant natural light floods the space, enhancing its appeal. Its prominent location in Indiana, Pennsylvania provides excellent visibility and accessibility, attracting a steady stream of potential customers. This free-standing building is ideal for a variety of retail uses and offers a chance to establish a strong presence in a thriving commercial area. The property's size and features make it suitable for a single large tenant or potentially multiple smaller tenants. The ample parking ensures convenient customer access, a key factor for retail success. Don't miss this opportunity to secure a prime retail location in a desirable Pennsylvania market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $740,000
      Market price range: $221k - $1.27M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $675,000
      Current use
      COMMERCIAL (GENERAL)
      $885,000
      Change: +32% Conversion: Easy
      RESTAURANT
      $670,000
      Change: -0% Conversion: Easy
      MEDICAL BUILDING
      $570,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Indiana
    County
    Indiana
    State
    Pennsylvania
    Longitude
    -79.1642
    Latitude
    40.6163
    CBSA code
    26860
    CBSA name
    INDIANA, PA MICROPOLITAN 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
    2023
    $15,254
    $165,500
    $411,700
    $577,200
    -
    $165,500
    $411,700
    $577,200

    Comparable in this City

    • Value Estimation
      $975,000
      5,600 SF

      496 Ben Franklin Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,600 SF
      496 Ben Franklin Rd, Indiana, PA 15701-2342
      View Details
    • Value Estimation by Request
      2,190 SF

      2843 Pike Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,190 SF
      2843 Pike Rd, Indiana, PA 15701-9762
      View Details
    • Value Estimation by Request
      0.60 Acres

      1250 Wayne Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.60 Acres
      1250 Wayne Ave, Indiana, PA 15701-3514
      View Details
    • Value Estimation by Request
      2,380 SF

      1270 Wayne Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,380 SF
      1270 Wayne Ave, Indiana, PA 15701-3514
      View Details
    • Value Estimation
      $2,545,000
      23,875 SF

      111 Plz Rd

      RETAIL STORES (PERSONAL SERVICES) • 23,875 SF
      111 Plz Rd, Indiana, PA 15701-3264
      View Details
    • Value Estimation by Request
      3,200 SF

      957 Ben Franklin Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      957 Ben Franklin Rd, Indiana, PA 15701-4001
      View Details

    Similar Nearby for Sale

    • $349,900
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      Indiana Boro Retail Space Available

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    • $1,499,000
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      Commercial Building Near Indiana University

      Well-maintained commercial building with student housing and retail space.
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      Turn-key retail and residential income property in a desirable location.
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      High-Traffic Commercial Property with Drive-Thru

      Versatile commercial property with drive-thru, fully equipped kitchen, ample parking.
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      Downtown Indiana Office/Retail Space

      Versatile office/retail space with downtown views in Indiana, Pennsylvania.
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    Similar Nearby for Lease

    • Contact for pricing
      566,688 SF

      Indiana Mall: Retail Space Available

      Prime Retail Space, Multiple Units Available
      2334 Oakland Ave, Indiana, PA 15701
      View Details
    • $998,500
      12,000 SF

      Prime Indiana Office/Retail Space

      12,000 SF office/retail space with downtown views for sale.
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    • Contact for pricing
      4,485 SF

      Prime Indiana Retail Space

      Free-standing retail building, 4,485 sq ft
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      View Details
    • Contact for pricing
      6,012 SF

      Prime Indiana Retail Space

      6,012 SF Free-Standing Building
      1235 Oakland Ave, Indiana, PA 15701
      View Details
    • $8 SF/Yr
      152,460 SF

      White Twp Retail Space Available

      Over 25,000 SF retail space for lease.
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      View Details
    • $24 SF/Yr
      8,899 SF

      Indiana Gateway Shoppes: Retail Opportunity

      Downtown Indiana Retail Space Available
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      View Details
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    1235 Oakland Ave
    Indiana, PA 15701
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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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