Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    314-316 Clay Ave Jeannette, PA 15644

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    314-316 Clay Ave Jeannette, PA 15644

    View on Map
    • Commercial real estate
    • 10,000 SF
    • 0.11 lot acres
    For Sale
    $249,900
    View Listing →
    Historic Jeannette Retail Landmark For Sale
    $249,900

    Historic Jeannette Retail Landmark

    Prime Retail Space, 15,000 sq ft

    314-316 Clay Ave, Jeannette, PA 15644
    View Listing
    Property ID
    US73-1473509
    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 314-316 Clay Ave

    Year built
    1927
    Lot size
    0.11 lot acres
    Property size
    10,000 SF
    Property type
    Commercial real estate
    APN
    14-01-16-0-252
    APU
    1401160252

    Description

    This stunning 1927 landmark building, formerly the GC Murphy store, presents a unique opportunity for retail investors. Boasting 15,000 square feet of retail space spread across three levels, this property offers exceptional versatility. The building has been meticulously restored, showcasing its original architectural beauty. The main level features two sets of stairs providing convenient front and rear access to all floors. The upper level includes a complete en-suite bathroom, adding to the property's functionality. Modern updates include a completely overhauled electrical system, a new HVAC system, updated plumbing, and a state-of-the-art security alarm system. Situated on a 0.11-acre lot in the vibrant city of Jeannette, Pennsylvania, this property is ideally positioned for a variety of retail uses. Its prominent location and historical significance offer a compelling combination of character and commercial potential. The substantial square footage allows for diverse layouts and configurations, catering to a wide range of business needs. This is a rare chance to acquire a piece of Jeannette's history and establish a thriving retail presence in a well-established community. The property is priced at $249,900. Don't miss this exceptional investment opportunity.

    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
    Jeannette
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.6176
    Latitude
    40.3269
    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
    $2,825
    $4,780
    $13,670
    $18,450
    -
    $4,780
    $13,670
    $18,450

    Comparable in this City

    • Value Estimation by Request
      0.43 Acres

      252-254-25 Lots

      COMMERCIAL (GENERAL) • 0.43 Acres
      252-254-25 Lots, Jeannette, PA 15644
      View Details
    • Value Estimation by Request
      0.11 Acres

      12th St

      COMMERCIAL (GENERAL) • 0.11 Acres
      12th St, Jeannette, PA 15644
      View Details
    • Value Estimation by Request
      0.09 Acres

      100 13th St

      COMMERCIAL (GENERAL) • 0.09 Acres
      100 13th St, Jeannette, PA 15644-2013
      View Details
    • Value Estimation by Request
      1.00 Acre

      101 4th St

      COMMERCIAL (GENERAL) • 1.00 Acre
      101 4th St, Jeannette, PA 15644-3331
      View Details
    • Value Estimation by Request
      9.50 Acres

      3001 Bushy Run Rd

      COMMERCIAL (GENERAL) • 9.50 Acres
      3001 Bushy Run Rd, Jeannette, PA 15644-4545
      View Details
    • Value Estimation by Request
      0.64 Acres

      715 Chambers Ave

      COMMERCIAL (GENERAL) • 0.64 Acres
      715 Chambers Ave, Jeannette, PA 15644
      View Details

    Similar Nearby for Sale

    • $1,445,000
      12.50 Acres

      Jeannette, PA Investment Opportunity

      12.5-Acre Medical Complex w/ Parking
      600 Jefferson Ave, Jeannette, PA 15644
      View Details
    • $4,995,000
      14.90 Acres

      Jeannette, PA Development Opportunity

      Prime Route 30 site, 18,797 SF buildings, 14.9 acres.
      6628 State Route 30, Jeannette, PA 15644
      View Details
    • $1,950,000
      22,684 SF

      Multi-Tenant Retail and Warehouse Property

      Adaptable commercial property on Route 30 with warehouse space.
      6675 Lincoln Hwy West, Jeannette, PA 15644
      View Details
    • Contact for pricing

      Commercial Lot in Penn Crossing

      Pad-ready 0.87 acre lot at shopping center entrance.
      1188 Harrison City Export Rd, Jeannette, PA 15644
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land available on access road near shopping center.
      1800 Penny Lane Dr, Jeannette, PA 15644
      View Details
    • $125,000
      3,500 SF

      Versatile Building in Jeannette, PA

      Two-story building with redevelopment potential and parking.
      125 S 14Th St, Jeannette, PA 15644
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Grocery-Anchored Shopping Center For Rent

      High-volume shopping center with national and local tenants.
      2000 Penny Lane Dr, Jeannette, PA 15644
      View Details
    • Contact for pricing
      800 SF

      Retail Space in Penn Crossing

      Retail space available in a busy shopping center.
      2044 Penny Lane Dr, Jeannette, PA 15644
      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.
    314-316 Clay Ave
    Jeannette, PA 15644
    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.
    Sign Up Successful!
    You now have access to more from Realmo!