Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    438 Depot St Latrobe, PA 15650
    Back to Search
    Property profile & analytics

    438 Depot St, Latrobe, PA 15650

    View on Map
    • Office Units
    • 3,000 SF
    • 0.28 lot acres
    For Sale
    $300,000
    View Listing →
    Latrobe Office Space For Sale For Sale
    $300,000
    3,206 SF

    Latrobe Office Space For Sale

    Office property with 3,206 square feet of space.

    438 Depot St, Latrobe, PA
    View Listing
    Property ID
    US73-0830724
    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

    • Office Units

    Property Details for 438 Depot St

    Year built
    1880
    Lot size
    0.28 lot acres
    Property type
    Office Units
    APN
    15-03-06-0-249

    Description

    This stunning 3-story, 3,000 square foot Class C office building, located at 438 Depot St, Latrobe, PA 15650, presents a unique investment opportunity. Built in 1880 and situated on a 0.28-acre lot, this property boasts seven individual offices, a reception area, a spacious conference room, and a kitchenette/lounge. The interior features classic charm with solid wood doors, crown molding, and decorative fireplaces. Ten off-street parking spaces are available, and the building is ADA compliant. The property is zoned C-4 and offers high visibility from a main street location. The asking price is $275,000, with an occupancy date of November 8, 2023. This owner/user opportunity provides a blend of historical character and modern accessibility, making it ideal for a variety of businesses. The building's four stories provide ample space, and the property's location ensures high traffic and exposure. The APN is 15-03-06-0-249. This is a rare chance to acquire a well-maintained, historically significant commercial property in a thriving Pennsylvania 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
    Latrobe
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.382065442998
    Latitude
    40.319350200553

    Comparable in this City

    • $650,000
      Pending

      Versatile Industrial Complex on 5.9 Acres

      Multi-building industrial complex with warehouse, office, and factory spaces.
      1223 Heat Siphon Ln, Latrobe, PA 15650
      View Details
    • New
      $159,000
      0.42 Acres

      Standalone Office and Wellness Space

      Updated two-room office and wellness layout with mini-splits, ample parking, and convenient Route 30 access.
      4540 State Route 982, Latrobe, PA 15650
      View Details
    • Contact for pricing
      0.03 Acres

      Latrobe Professional Complex Office Space

      Large office space with street access in professional complex.
      911 Ligonier St, Latrobe, PA 15650
      View Details
    • $375,000
      0.57 Acres

      Latrobe Office Building with Parking

      Three-unit office building in downtown Latrobe with parking.
      600 Ligonier St, Latrobe, PA 15650
      View Details
    • Contact for pricing

      Corner Property with Business Potential

      High-traffic location suitable for various businesses with parking.
      Unknown, Latrobe, PA 15650
      View Details

    Similar Nearby for Sale

    • $650,000
      Pending

      Versatile Industrial Complex on 5.9 Acres

      Multi-building industrial complex with warehouse, office, and factory spaces.
      1223 Heat Siphon Ln, Latrobe, PA 15650
      View Details
    • New
      $159,000
      0.42 Acres

      Standalone Office and Wellness Space

      Updated two-room office and wellness layout with mini-splits, ample parking, and convenient Route 30 access.
      4540 State Route 982, Latrobe, PA 15650
      View Details
    • $299,000

      Latrobe Mixed-Use Brick Building

      Well-maintained mixed-use property in Latrobe's business district.
      807 Ligonier Street Ext, Latrobe, PA 15650
      View Details
    • Contact for pricing

      Corner Property with Business Potential

      High-traffic location suitable for various businesses with parking.
      Unknown, Latrobe, PA 15650
      View Details
    • Contact for pricing
      0.03 Acres

      Latrobe Professional Complex Office Space

      Large office space with street access in professional complex.
      911 Ligonier St, Latrobe, PA 15650
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Latrobe Retail Space Available

      Retail space available for lease in Latrobe, Pennsylvania.
      1596-1598 Mission Rd, Latrobe, PA 15650
      View Details
    • Contact for pricing
      7,520 SF

      Renovated Retail Space Available

      Recently renovated retail space with excellent visibility and access.
      1050 Mountain Laurel Plz, Latrobe, PA 15650
      View Details
    • $995 /Mo

      Downtown Latrobe Office Space

      Office space available in downtown Latrobe.
      816 Ligonier Street Ext, Latrobe, PA 15650
      View Details
    • Contact for pricing

      Warehouse Space in Latrobe, PA

      Warehouse space available for lease in Latrobe, Pennsylvania.
      5049 Center Dr, Latrobe, PA 15650
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Latrobe, PA

      Retail space available for rent in Latrobe, Pennsylvania.
      2401 Sharkys Dr, Latrobe, PA 15650
      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.
    438 Depot St
    Latrobe, PA 15650
    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
    438 Depot St, Latrobe, PA, 15650
    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!