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Property profile & analytics
OFF-MARKET
Estimated value
$2,290,000
Retail space
601 Pike St Canonsburg, PA 15317-1064
Entity Owned
12-yr Hold
Free & Clear
Property ID
US73-2027579
Property summary
AI-generated overview
This exceptional investment opportunity presents a 13,680-square-foot retail property currently leased to Rite Aid. Located at 601 W Pike St in Canonsburg, Pennsylvania (Washington County, zip code 15317), this property sits on a 1.89-acre lot and boasts a prime location on a signalized intersection. The building, constructed in 2004, generates a substantial net operating income (NOI) of $287,370, resulting in an attractive 8.21% capitalization rate. The current lease, a triple-net (NNN) agreement, commenced on June 14, 2005, and expires December 30, 2028, with two five-year renewal options. The property's assessed parcel number (APN) is 100-023-00-00-0001-04. This presents a compelling opportunity for passive income generation with significant remaining lease term and a strong tenant history. The asking price for this well-positioned retail asset is $3,500,000. This property offers a rare combination of stability, high yield, and significant upside potential. The property's location and the strength of the tenant make this an ideal addition to any investment portfolio.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
13,680 SF
Lot
1.89 ac (82,328 SF)
APN
100-023-00-00-0001-04
UPID
US73-2027579
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rite Aid Pharmacy Pharmacy
-
Rite Aid Pharmacy
-
Coinhub Bitcoin ATM Teller Atm
-
CDReload - Online Bitcoin ATM Atm Crypto Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.12M
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$2.29M
Owner & transaction history
Lipnob Media LLC · 12 yrs held
Lipnob Media LLC
since 2014
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+47.1%
Auto repair, garage
$1.9M
+38.8%
Restaurant
$1.8M
+32.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Canonsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canonsburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,300,000
6.5%
$2,120,000
7%
$1,970,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,375,000
Current use
COMMERCIAL (GENERAL)
$2,020,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,910,000
Change: +39% · Conversion: Difficult
RESTAURANT
$1,820,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$2.29M
Range $2.06M – $2.52M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$167 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$77,138
Tax year 2023
Assessed value
$4,064,600
Assessed 2023
Previous assessed
$4,064,600
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$428,400
Assessed improvement
$3,636,200
Land market value
$428,400
Improvement market value
$3,636,200
Total market value
$4,064,600
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
NONE
Total area
13,680 SF
Lot
1.89 ac (82,328 SF)
APN
100-023-00-00-0001-04
UPID
US73-2027579
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RESTAURANT
Est. value
$1.8M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Lot
1.89 ac
Current owner
From public records · entity-resolved
Lipnob Media LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 3165, HARRISBURG, PA 17105-3165
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2014
$4,900,000
Lipnob Media LLC
Spirer,joseph M
Grant Deed
—
Oct 19, 2007
$5,213,000
Colony Park Co
Cozza Ents
Grant Deed
—
Sep 24, 2004
$1,250,000
Alex Carrick
Imperatore Enter INC
Grant Deed
—
—
—
Lipnob Media LLC
—
Deed Of Trust
related
$3,185,000 · Bank Of America
—
—
Colony Park Co
—
Deed Of Trust
related
—
—
—
Carrick Alex
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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