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    1482 Butler Rd Worthington, PA 16262
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    1482 Butler Rd, Worthington, PA 16262

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    • Office buildings
    • 4,981 SF
    • 1.57 lot acres
    For Sale
    $425,000
    View Listing →
    Worthington Commercial Property - 1.5 Acres For Sale
    $425,000

    Worthington Commercial Property - 1.5 Acres

    Versatile building, prime location, high visibility.

    Craigsville, PA 16262
    View Listing
    Property ID
    US73-0874314
    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 1482 Butler Rd

    Year built
    1981
    Lot size
    1.57 lot acres
    Property type
    Office buildings
    APN
    49-0-034233
    APU
    490034233

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 22, 2010 $270,000 J & J Bowser Assocs LLC Owner Name Unavailable Grant Deed · related —

    Description

    This exceptional 1.57-acre commercial property at 1482 Butler Road in Worthington, PA, presents a unique investment opportunity. Previously used as a doctor's office, this adaptable building boasts excellent visibility and accessibility, situated directly on the main road and conveniently located off Route 422. Its proximity to Butler, Route 28, West Kittanning, and Downtown Kittanning ensures easy access for clients and employees. The property includes a substantial paved parking lot, providing ample space for vehicles. The building itself offers remarkable flexibility with two distinct sections, each featuring separate entrances and exits, internally and externally accessible. One area comprises a large open room complemented by two half-bathrooms. The second section is more extensively developed, encompassing ten individual rooms, a waiting area, a kitchen, and two full bathrooms – one of which is ADA compliant. This dual-space configuration allows for diverse uses, from expanding an existing business to creating a multi-tenant facility. The property's potential is further enhanced by the inclusion of all gas and mineral rights, adding significant value to this already compelling investment. This is a rare opportunity to acquire a well-situated, versatile commercial property with substantial potential in a thriving community.

    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
    Worthington
    County
    Armstrong
    State
    Pennsylvania
    Longitude
    -79.6173
    Latitude
    40.8357
    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
    $10,754
    $71,040
    $57,830
    $128,870
    -
    $202,970
    $165,220
    $368,190

    Comparable in this City

    • Value Estimation by Request
      1,976 SF

      1290 Butler Rd, Unit 1324

      OFFICE BUILDING (MULTI-STORY)
      1290 Butler Rd, Worthington, PA 16262-5308
      View Details
    • Value Estimation by Request
      1,645 SF

      204 County Line Rd

      OFFICE BUILDING (MULTI-STORY)
      204 County Line Rd, Worthington, PA 16262
      View Details
    • Value Estimation by Request
      2,270 SF

      199 Main St

      OFFICE BUILDING (MULTI-STORY)
      199 Main St, Worthington, PA 16262-9800
      View Details
    • Value Estimation by Request

      Worthington, PA 16262

      MINING, MINERAL, QUARRIES
      Worthington, PA 16262
      View Details
    • Value Estimation by Request
      1.05 Acres

      Fox Rd

      VACANT COMMERCIAL LAND
      Fox Rd, Worthington, PA 16262
      View Details
    • Value Estimation by Request

      15821 Us Rte 422

      COMMERCIAL (GENERAL)
      15821 Us Rte 422, Worthington, PA 16262
      View Details
    View Listing
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    Worthington, PA 16262
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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.

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