Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    308 Ridge Ave Washington, PA 15301
    Back to Search
    Property profile & analytics

    308 Ridge Ave, Washington, PA 15301

    View on Map
    • Automotive properties
    • 0.26 lot acres
    For Sale
    $888,888
    View Listing →
    Valvoline Corporate Guaranteed Investment For Sale
    $888,888
    2,520 SF

    Valvoline Corporate Guaranteed Investment

    NNN retail property with corporate guarantee and attractive lease terms.

    308 Ridge Ave, Washington, PA 15301
    View Listing
    Property ID
    US73-1804642
    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

    • Morgan's In & Out Quick Lube / Auto Repair Shop

    Property Details for 308 Ridge Ave

    Year built
    1995
    Lot size
    0.26 lot acres
    Property type
    Automotive properties
    APN
    760-001-00-04-0002-00
    APU
    7600010004000200

    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
    Washington
    County
    Washington
    State
    Pennsylvania
    Longitude
    -80.2406
    Latitude
    40.1796
    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
    $1,831
    $32,700
    $135,000
    $167,700
    -
    $32,700
    $135,000
    $167,700

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      71 Murtland Ave

      VEHICLE SALES, RENTALS
      71 Murtland Ave, Washington, PA 15301-3352
      View Details
    • Value Estimation
      $1,845,000
      32,662 SF

      1375 Washington Rd

      VEHICLE SALES, RENTALS
      1375 Washington Rd, Washington, PA 15301-9642
      View Details
    • Value Estimation by Request
      0.83 Acres

      235 Wylie Ave

      VEHICLE SALES, RENTALS
      235 Wylie Ave, Washington, PA 15301-2276
      View Details
    • Value Estimation by Request
      0.33 Acres

      667 Maiden St

      VEHICLE SALES, RENTALS
      667 Maiden St, Washington, PA 15301-3752
      View Details
    • Value Estimation
      $6,000,000
      35,000 SF

      1 Raymond Blvd

      VEHICLE SALES, RENTALS
      1 Raymond Blvd, Washington, PA 15301-2979
      View Details
    • Value Estimation by Request
      0.09 Acres

      740 Fayette St, Unit 12

      VEHICLE SALES, RENTALS
      740 Fayette St, Washington, PA 15301-5620
      View Details

    Similar Nearby for Sale

    • $495,000
      0.17 Acres

      Jefferson Avenue Development Opportunity

      Prime land for redevelopment in a high-traffic commercial corridor.
      1099-1095 Jefferson Ave, Washington, PA 15301
      View Details
    • $335,000
      2.25 Acres

      South Strabane Commercial Opportunity

      Commercial property in Washington County's growth corridor.
      800 Washington Rd South, Washington, PA 15301
      View Details
    • $895,000
      1.50 Acres

      Prime Commercial Property Near Highway

      1.5-acre commercial property with high visibility and versatile zoning.
      817 Jessop Exit, Washington, PA 15301
      View Details
    • Contact for pricing
      2,520 SF

      Valvoline Corporate Guaranteed Investment

      NNN retail property with corporate guarantee and attractive lease terms.
      308 Ridge Ave, Washington, PA 15301
      View Details
    • $599,900
      1.20 Acres

      Mixed-Use Property on Henderson Avenue

      Commercial building with garage, residential rental, and ample parking.
      1120 Henderson Ave, Washington, PA 15301
      View Details
    • Contact for pricing
      5,700 SF

      Sheetz Property on Racetrack Road

      Sheetz property with absolute-net ground lease and corporate guarantee.
      300 Racetrack Rd, Washington, PA 15301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Premier Retail Destination in Washington

      Retail destination anchored by national brands with ample parking.
      60 Old Ml Blvd, Washington, PA 15301
      View Details
    • Contact for pricing

      Retail Space Near Hollywood Casino

      Retail space adjacent to Hollywood Casino and Tanger Outlets.
      100 Adios Dr, Washington, PA 15301
      View Details
    • Contact for pricing
      3,100 SF

      Retail Pad Site For Lease

      Retail pad site with potential drive-thru in Washington, PA.
      120 Murtland Ave, Washington, PA 15301
      View Details
    • Contact for pricing
      1,507 SF

      Retail Space Near Major Interchange

      Retail space available near I-70/I-79 interchange in Washington, PA.
      360 Washington Rd, Washington, PA 15301
      View Details
    • Contact for pricing
      4,600 SF

      Retail Space Near Washington Mall

      Retail space available near I-70/I-79 interchange and Washington Mall.
      250 Oak Spring Rd, Washington, PA 15301
      View Details
    View Listing
    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.
    308 Ridge Ave
    Washington, PA 15301
    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
    308 Ridge Ave, Washington, PA, 15301
    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!