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    600 Jefferson Ave Jeannette, PA 15644

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    600 Jefferson Ave Jeannette, PA 15644

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    • Commercial real estate
    • 49,478 SF
    • 5.19 lot acres
    For Sale
    $1,445,000
    View Listing →
    12.5 Acre Site in Jeannette For Sale
    $1,445,000
    12.50 Acres

    12.5 Acre Site in Jeannette

    12.5 acre site with medical building and parking garage.

    600 Jefferson, Jeannette, PA 15644
    View Listing
    Property ID
    US73-1650296
    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

    • Westmoreland Hospital At Jnntt: Shuster Michael MD / Physician
    • Westmoreland Hospital At Jnntt: Burke Frederick MD / Physician
    • Westmoreland Hospital At Jnntt: Kemerer Kim DO / Physician
    • Gohel Shyam Vijay MD / Physician / Medical Clinic
    • Shetty Karunakar MD / Physician / Medical Clinic

    Property Details for 600 Jefferson Ave

    Year built
    1992
    Construction
    STEEL FRAME
    Lot size
    5.19 lot acres
    Property size
    49,478 SF
    Property type
    Commercial real estate
    APN
    14-04-01-0-167-69-001
    APU
    140401016769001

    Description

    This exceptional 12.5-acre commercial property in Jeannette, PA, presents a unique investment opportunity. The site boasts a substantial 41,000 square foot medical building, ideally suited for a variety of healthcare uses or potential redevelopment. Ample parking is ensured with a five-story parking garage accommodating 350 vehicles, complemented by a separate 150-space lower parking lot. Adding to the versatility, a 4,000 square foot metal building provides additional space for storage, operations, or expansion. All necessary certifications are current, including the Occupancy Certificate and Elevator Certificates, ensuring a smooth transition for any new owner. Recent improvements include new paint and windows, enhancing the overall aesthetic and functionality of the property. The property's strategic location benefits from high traffic counts: 27,627 vehicles daily on US Route 30/Lowry Avenue and 12,150 on Harrison Avenue at the rear of the site. The sale includes multiple parcels: 14-04-01-0-109-00-000, 14-04-01-0-109-60-001, 14-04-01-0-167-00-000, 14-04-01-0-167-69-001, 14-04-01-0-168-00-000, 14-04-01-0-414-00-000, and 14-04-01-0-433-00-000. This property offers significant potential for immediate income generation and long-term growth. Priced at $1,445,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,525,000
      Market price range: $1.53M - $5.99M
      AI Estimate
      $2,019,000
      Market price range: $2.02M - $7.96M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,400,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,310,000
      Change: -3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Jeannette
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.6111
    Latitude
    40.3196
    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
    $25,361
    $4,970
    $160,680
    $165,650
    -
    $4,970
    $160,680
    $165,650

    Comparable in this City

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      Land
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      Land • 1.00 Acre
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      Gumback Rd

      COMMERCIAL (GENERAL)
      Gumback Rd, Jeannette, PA 15644
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      1.80 Acres

      Rte 66

      COMMERCIAL (GENERAL) • 1.80 Acres
      Rte 66, Jeannette, PA 15644
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      0.05 Acres

      13th St

      COMMERCIAL (GENERAL) • 0.05 Acres
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      0.05 Acres

      214 3rd St

      COMMERCIAL (GENERAL) • 0.05 Acres
      214 3rd St, Jeannette, PA 15644-1724
      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
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      Jeannette, PA Development Opportunity

      Prime Route 30 site, 18,797 SF buildings, 14.9 acres.
      6628 State Route 30, Jeannette, PA 15644
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      Land at Lighted Intersection

      Commercial land for sale at a lighted intersection.
      1064 Harrison City Export Rd, Jeannette, PA 15644
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    • $400,000

      Commercial Land on Route 30

      Commercial land for sale with high traffic and road frontage.
      6424 State Route 30, Jeannette, PA 15644
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    • $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
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    Similar Nearby for Lease

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      Retail Space in Penn Crossing

      Retail space available in a busy shopping center.
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      Grocery-Anchored Shopping Center For Rent

      High-volume shopping center with national and local tenants.
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    View Listing
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    Jeannette, PA 15644
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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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