Technical
Financial
Distress signals
Property profile

700 Long Run Rd Mckeesport, PA 15132

OFF-MARKET
Warehouses
Property ID
US73-1707102
2.65 ac lot
Individually Owned 28-yr Hold Free & Clear
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Property summary

AI-generated overview

This McKeesport, PA self-storage facility offers 176 non-climate-controlled units totaling 25,600 net rentable square feet, situated on a 2.65-acre lot. Built in 2007 and renovated in 2013, the property comprises four single-story buildings and boasts 88.12% occupancy, generating a strong NOI of $168,046. The facility benefits from a prime location on Long Run Road, experiencing over 9,100 vehicles daily, and enjoys excellent visibility. With minimal competition (3.38 NRSF per capita within a 3-mile radius and 4.46 NRSF per capita within 5 miles), and a substantial economic vacancy of 60%, this property presents significant upside potential. Further revenue growth can be achieved through improved management practices, including the introduction of tenant insurance and merchandise sales. The property also includes 75 outside parking spaces and generates additional income from an on-site billboard. McKeesport's diverse economy, driven by manufacturing and ongoing revitalization efforts, including the McKeesport Waterfront Redevelopment, provides a strong foundation for continued growth. The property's proximity to major highways and Pittsburgh further enhances its appeal. The asking price is $3,500,000.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Lot 2.65 ac (115,521 SF)
APN 554-E-142
UPID US73-1707102

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

700 Long Run Rd Mckeesport, PA 15132-7427
Mckeesport metro Census 551300 PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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