Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    131 W Pittsburgh St Greensburg, PA 15601
    Property profile & analytics

    131 W Pittsburgh St, Greensburg, PA 15601

    View on Map
    • Office buildings
    Off-Market
    Property ID
    US73-2339374
    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

    • O'Connell & Silvis / Law Firm
    • Wohlin John / Law Firm
    • John M. O'Connell Jr / Law Firm

    Property Details for 131 W Pittsburgh St

    Property type
    Office buildings
    Property subtype
    Retail space

    Description

    Prime location - just below the courthouse. This brick building has been law offices since the 1970's. Perfect for offices, retail or a restaurant. It is a diamond in the rough with great woodwork, plenty of bathrooms, conference rooms, full basement, walk-up 3rd floor, small yard. This is a great o ... pportunity property!

    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
    Greensburg
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.54704
    Latitude
    40.30214

    Comparable in this City

    • Contact for pricing

      Historical Greensburg Commercial Building For Sale

      Historical commercial building in Greensburg's downtown historic district.
      102 W Otterman St, Greensburg, PA 15601
      View Details
    • Contact for pricing

      Commercial Land with Development Potential

      Land with farmhouse and commercial zoning possibilities in Hempfield.
      4618 State Route 136, Greensburg, PA 15601
      View Details
    • $185,000
      0.06 Acres

      Greensburg Office with Prime Location

      Office building in downtown Greensburg with premium space and parking.
      439 S Maple Ave, Greensburg, PA 15601
      View Details
    • Contact for pricing
      23,086 SF

      Greensburg Business District Building

      Well-maintained building in Greensburg's central business district.
      125 S Main St, Greensburg, PA 15601
      View Details
    • New
      $850,000
      11,968 SF

      Four-Story Greensburg Commercial Building

      Multi-tenant building in downtown Greensburg with income and upside potential.
      132 S Main St, Greensburg, PA 15601
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Historical Greensburg Commercial Building For Sale

      Historical commercial building in Greensburg's downtown historic district.
      102 W Otterman St, Greensburg, PA 15601
      View Details
    • Contact for pricing

      Commercial Land with Development Potential

      Land with farmhouse and commercial zoning possibilities in Hempfield.
      4618 State Route 136, Greensburg, PA 15601
      View Details
    • Contact for pricing
      16,717 SF

      Greensburg Office Building with Gym

      Class A office building with gym, conference rooms, and green space.
      4977 State Route 30, Greensburg, PA 15601
      View Details
    • Contact for pricing

      Well-Maintained Office Buildings For Sale

      Two connected office buildings in excellent location, well-maintained with ample parking.
      585 Rugh St, Greensburg, PA 15601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Lincoln Place

      Retail space available in Greensburg, Pennsylvania near major retailers.
      2000 Lincoln Pl Dr, Greensburg, PA 15601
      View Details
    • Contact for pricing

      Westmoreland Mall Retail Opportunity

      Retail spaces available within Westmoreland Mall in Greensburg, Pennsylvania.
      5256 Rte 30, Greensburg, PA 15601
      View Details
    • $14 SF/Yr

      Greensburg Retail and Office Space

      Retail and office spaces with ample parking and high visibility.
      1075 South Main St, Greensburg, PA 15601
      View Details
    • Contact for pricing
      1,234 SF

      Retail Space in Greensburg Center

      Retail space available in shopping center anchored by Walmart.
      2480-2540 Greengate Centre Cir, Greensburg, PA 15601
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space on Pittsburgh Street

      Retail space available for lease in Greensburg, Pennsylvania.
      39 E Pittsburgh St, Greensburg, PA 15601
      View Details
    • Contact for pricing
      2,312 SF

      Retail Space in Greensburg Plaza

      Retail space available in a shopping center anchored by Sam's Club.
      6207 S 30, Greensburg, PA 15601
      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.
    131 W Pittsburgh St
    Greensburg, PA 15601
    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
    131 W Pittsburgh St, Greensburg, PA, 15601
    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!