Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    53 Oak Spring Rd South Washington, PA 15301

    • Retail space
    • 1,600 SF
    • 0.69 lot acres
    For Sale
    View listing
    $242,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0327902
    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.

    Current Use by Public Records

    • Furry Friends Camp / Kennel & Boarding Facility
    • Tang Yi Spa / Alternative Medicine Practice / Spa & Massage Center
    • STORAGE at Furry Friends Camp (Recreational Vehicles) / Storage Facility

    Property Details for 53 Oak Spring Rd South

    Year built
    1925
    Lot size
    0.69 lot acres
    Property size
    1,600 SF
    Property type
    Retail space
    APN
    600-003-01-04-0003-01
    APU
    6000030104000301

    Description

    This exceptional three-story, 3,000 square foot office building at 53 Oak Spring Road in Washington, Pennsylvania, presents a unique owner-user opportunity. Built in 1925 and extensively renovated in 2008, the property boasts a blend of historic character and modern functionality. Classified as a Class B building, it offers a single tenancy configuration, ideal for a business seeking a prominent presence. The asking price is $242,000, translating to $80.67 per square foot. Situated on a 0.7-acre lot, the property features two large paved parking lots providing ample parking for approximately 30 vehicles. The upper parking lot has received approval for vehicle storage. The building's convenient location offers high visibility and easy access to major roadways including I-70, I-79, and Route 19, requiring only a short drive from nearby traffic lights. The property is zoned C-2, allowing for a variety of commercial uses. This well-maintained building represents a compelling investment opportunity for businesses seeking a substantial and strategically located office space in Washington, PA. The property's combination of historical appeal, modern upgrades, and convenient location makes it an attractive option for discerning buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Washington
    State
    Pennsylvania
    Longitude
    -80.2403
    Latitude
    40.187
    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
    $4,874
    $163,800
    $106,800
    $270,600
    -
    $163,800
    $106,800
    $270,600

    Comparable in this City

    • Value Estimation by Request
      10,704 SF

      852 Henderson Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,704 SF
      852 Henderson Ave, Washington, PA 15301-1341
      View Details
    • Value Estimation by Request
      1.00 Acre

      1001 Jefferson Ave

      RETAIL STORES (PERSONAL SERVICES) • 1.00 Acre
      1001 Jefferson Ave, Washington, PA 15301-2105
      View Details
    • Value Estimation by Request
      0.48 Acres

      74 Oak Spg Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.48 Acres
      74 Oak Spg Rd, Washington, PA 15301-2809
      View Details
    • Value Estimation by Request
      0.42 Acres

      996 Chestnut St

      RETAIL STORES (PERSONAL SERVICES) • 0.42 Acres
      996 Chestnut St, Washington, PA 15301-4604
      View Details
    • Value Estimation by Request
      0.10 Acres

      625 Henderson Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.10 Acres
      625 Henderson Ave, Washington, PA 15301-1903
      View Details
    • Value Estimation by Request
      0.26 Acres

      820 Chestnut St

      RETAIL STORES (PERSONAL SERVICES) • 0.26 Acres
      820 Chestnut St, Washington, PA 15301-4648
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,577 SF

      Retail Space on Jefferson Avenue

      Retail space for lease with high visibility and ample parking.
      940 Jefferson Ave, Washington, PA 15301
      View Details
    • Contact for pricing
      13,813 SF

      Former Retail Space with Drive-Thru

      High-visibility retail space with drive-thru and ample parking.
      1396 W Chestnut St, Washington, PA 15301
      View Details
    • $2,808,000
      5,700 SF

      Sheetz Retail Investment Opportunity

      High-yield Sheetz NNN lease in PA
      300 Racetrack Rd, Washington, PA 15301
      View Details
    • $225,000
      0.27 Acres

      Commercial Building on Main Thoroughfare

      Two-unit commercial building on a high-traffic street.
      820 W Chestnut St, Washington, PA 15301
      View Details
    • Contact for pricing
      50,000 SF

      Downtown Washington Retail/Restaurant Space

      Prime retail/restaurant space in a well-known Washington, PA location.
      6 S Main St, Washington, PA 15301
      View Details
    • $749,000
      2,500 SF

      Prime Washington, PA Corner Lot

      High-Visibility Redevelopment Opportunity
      317 Maiden St, Washington, PA 15301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space in Washington, PA

      2000 SF retail space available for rent.
      502 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
    • 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
    • $18 SF/Yr
      50,000 SF

      Downtown Washington Retail Space

      Prime Retail/Restaurant Space Available
      6 Main St, 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
      280,157 SF

      The Old Mill: Retail Space Available

      Prime Washington, PA Retail Space; 1,981 SF Available
      60 Old Ml Blvd, Washington, PA 15301
      View Details
    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.
    53 Oak Spring Rd South
    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

    Google sign-in failed. Please try again or use another login method.