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    2498 Park Rd Bethel Park, PA 15102

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    2498 Park Rd Bethel Park, PA 15102

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    • Commercial real estate
    • 6.16 lot acres
    Off-Market
    Property ID
    US73-1300310
    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

    • Commercial real estate

    Property Details for 2498 Park Rd

    Lot size
    6.16 lot acres
    Property type
    Commercial real estate
    APN
    475-K-150, 475-K-140, 475-K-135, 475-K-125

    Description

    This exceptional 6.16-acre commercial land parcel, located at 2498-2530 South Park Road in Bethel Park, Pennsylvania, presents a remarkable opportunity for development. Zoned R-4 Multiple-Family Dwelling District, this property is ideally suited for senior housing, offering significant potential for a high-demand project. The expansive lot provides ample space for a substantial development, while its strategic location ensures high visibility and accessibility. Situated on South Park Road, a major thoroughfare boasting over 15,200 average daily traffic counts, the property benefits from excellent exposure and convenient access to nearby amenities. The proximity to the intersection of Library Road/Route 88, another high-traffic area with over 15,200 average daily traffic counts, further enhances its desirability. The property's location also offers easy access to retail establishments, providing residents with convenient shopping options. The Allegheny County location, with a 15102 zip code, ensures a desirable address. The property includes four separate parcels with APNs: 475-K-150, 475-K-140, 475-K-135, and 475-K-125. This prime location and zoning make this a truly exceptional investment opportunity, priced at $2,300,000. Don't miss this chance to acquire a highly sought-after development site 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
    Bethel Park
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.0249132
    Latitude
    40.3297499

    Comparable in this City

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      Bethel Park Office with Apartments

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      Bethel Park Mixed-Use Opportunity

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      Medical Office Space Available

      Medical office space for sale in Bethel Park, PA.
      2311 Bethel Church Rd, Bethel Park, PA 15102
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    Similar Nearby for Sale

    • $1,300,000

      Prime Corner Commercial Development Site

      2-acre commercial development site in Bethel Park, Pennsylvania.
      3636 South Park Rd, Bethel Park, PA 15102
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      Residential Lot in Bethel Park

      Vacant lot in established Bethel Park community, utilities available.
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      2.20 Acres

      Bethel Park Commercial Land Opportunity

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      Medical Office Space Available

      Medical office space for sale in Bethel Park, PA.
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      Bethel Park Office with Apartments

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      Bethel Park Mixed-Use Opportunity

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    Similar Nearby for Lease

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      Land For Lease

      Land available for lease.
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      557 SF

      Retail Space in Bethel Park

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      Furnished Medical/Doctor Offices Available

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      8,276 SF

      Versatile Retail/Office Space in Bethel

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      Remodeled Office Suite For Sale

      Move-in-ready office suite in high-traffic Pittsburgh location.
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      3,019 SF

      Medical Office Space Available

      3,019 SF medical office space with Route 88 visibility.
      5187 Library Rd, Bethel Park, PA 15102
      View Details
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    2498 Park Rd
    Bethel Park, PA 15102
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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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