Property profile

2182 Sandy Dr State College, PA 16803

OFF-MARKET
Office buildings
Property ID
US73-3561917
0.55 ac lot
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office property, located at 2182 Sandy Drive in State College, Pennsylvania, offers two available suites totaling 1,601 to 3,621 square feet of flexible space. Situated on the second floor of a Class B building within a thriving business community, this property boasts abundant natural light and spacious layouts. Each suite features a large open work area, three to four private offices, and private bathrooms. A shared common area bathroom is also available, and the landlord is willing to add a conference room to either space. The building is conveniently located just off heavily trafficked Science Park Road, providing excellent visibility and accessibility. It's a mere five minutes from Penn State University and downtown State College, offering unparalleled convenience for employees and clients. The property is also strategically positioned three miles from I-99 and six miles from Route 322, ensuring easy access to regional transportation networks. The 9,886 square foot building sits on a 0.55-acre lot and is zoned for Light Industrial use. Ample parking is available on-site. This location is part of a vibrant business district in Centre County, home to numerous well-established companies, reflecting a strong and growing local economy. The surrounding area offers a highly educated workforce, with 63% of the population holding a college degree, and a projected job growth rate of 1.6% annually, expected to reach 35.45% over the next decade. This makes this property an ideal investment opportunity in a desirable location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 0.55 ac (23,958 SF)
APN 24-433-,018-,0000-
UPID US73-3561917

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Accounting Firm
  • Dental Office

Location

2182 Sandy Dr State College, PA 16803-2211
State College metro Census 11903 STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2022
4 recorded transactions
2022
$535,000
2018
Price N/A
2018
$720,000
2018
$242,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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