Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    161 Hillpointe Dr Canonsburg, PA 15317-9502

    • Commercial real estate
    • 1.50 lot acres
    OFF-MARKET
    Last Sale
    Aug 08, 2024
    $1,100,000
    Value Estimations
    $1,100,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2724039
    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

    • Worner Shon K / Law Firm
    • Dudley Land Co. / Oil And Gas Exploration Service
    • FedEx Drop Box / Postal Service / Courier Service
    • Dudley Land Company - PA / Oil And Gas Exploration Service
    • Timothy Barry W / Law Firm

    Property Details for 161 Hillpointe Dr

    Year built
    2001
    Lot size
    1.50 lot acres
    Property type
    Commercial real estate
    APN
    140-010-00-00-0008-52
    APU
    1400100000000852

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,100,000
      ML approach
      $1,100,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Canonsburg
    County
    Washington
    State
    Pennsylvania
    Longitude
    -80.1757
    Latitude
    40.2799
    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
    2023
    $15,884
    $337,500
    $659,600
    $997,100
    -
    $337,500
    $659,600
    $997,100

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      Canonsburg, PA 15317

      COMMERCIAL (GENERAL) • 0.11 Acres
      Canonsburg, PA 15317
      View Details
    • Value Estimation by Request
      0.04 Acres

      Canonsburg, PA 15317

      COMMERCIAL (GENERAL) • 0.04 Acres
      Canonsburg, PA 15317
      View Details
    • Value Estimation
      $630,000
      8.06 Acres

      Canonsburg, PA 15317

      COMMERCIAL (GENERAL) • 8.06 Acres
      Canonsburg, PA 15317
      View Details
    • Value Estimation
      $550,000
      6.62 Acres

      3000-6000 Waterdamlaza Dr, Unit 6000

      COMMERCIAL (GENERAL) • 6.62 Acres
      3000-6000 Waterdamlaza Dr, Mcmurray, PA 15317
      View Details
    • Value Estimation by Request
      10.25 Acres

      102 Cecil Henderson Rd

      COMMERCIAL (GENERAL) • 10.25 Acres
      102 Cecil Henderson Rd, Canonsburg, PA 15317-5929
      View Details
    • Value Estimation by Request
      1.90 Acres

      597 Chartiers Run Rd

      COMMERCIAL (GENERAL) • 1.90 Acres
      597 Chartiers Run Rd, Canonsburg, PA 15317-9721
      View Details

    Similar Nearby for Sale

    • $65,000
      0.40 Acres

      Canonsburg Commercial Land Opportunity

      Prime C-1 Zoned Lot, Build Your Business
      414 Old Pike St, Canonsburg, PA 15317
      View Details
    • $1,400,000
      2 SF

      Land for Sale Near Southpointe

      2.41 acres near Southpointe Business Park, house to be removed.
      634 Old Morganza Rd, Canonsburg, PA 15317
      View Details
    • Contact for pricing
      30,000 SF

      Manufacturing Property with Expansion Potential

      Manufacturing property featuring 24’ ceilings, loading dock, and expansion potential.
      130 Technology Dr, Canonsburg, PA 15317
      View Details
    • $1,500,000
      Pending

      Renovated Office with Warehouse Space

      5,000 SF renovated office with warehouse and expansion potential.
      11 Mayview Rd, Canonsburg, PA 15317
      View Details
    • $1,200,000
      2.74 Acres

      Land on Washington Road

      2.74 acres of commercial land available for sale.
      2938 Washington Rd, Canonsburg, PA 15317
      View Details
    • $1,600,000

      Canonsburg Office Building with Storage

      Office building with multiple units and ample storage space.
      560 W Pike St, Canonsburg, PA 15317
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      6,800 SF

      Prime Washington County Office Space

      Executive & traditional office suites available; ideal Southpointe location.
      8 Four Coins Dr, Canonsburg, PA 15317
      View Details
    • Contact for pricing
      2 SF

      Land Available For Redevelopment

      Three acres of land available for redevelopment on Route 19.
      3515 Washington Rd, Canonsburg, PA 15317
      View Details
    • Contact for pricing
      7,000 SF

      Retail Space in Shopping Center

      Inline retail spaces available in a busy shopping center.
      4185 Washington Rd, Canonsburg, PA 15317
      View Details
    • Contact for pricing
      80,000 SF

      Renovated Industrial Space Available

      Class A industrial space with superb highway access.
      135 Meadow Ln, Canonsburg, PA 15317
      View Details
    • Contact for pricing

      Southpointe Specialty Property For Rent

      Specialty property available for rent in Southpointe.
      501 Technology Dr, Canonsburg, PA 15317
      View Details
    • $18 SF/Yr
      11,844 SF

      Two-Story Office Building For Rent

      Two-story office building with ample parking and nearby amenities.
      4 Grandview Cir, Canonsburg, PA 15317
      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.
    161 Hillpointe Dr
    Canonsburg, PA 15317-9502
    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

    Google sign-in failed. Please try again or use another login method.