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    726 Fairview Ave Irwin, PA 15642

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    726 Fairview Ave Irwin, PA 15642

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    • Duplexes
    Off-Market
    Property ID
    US73-5860122
    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

    • Duplexes

    Property Details for 726 Fairview Ave

    Property type
    Duplexes
    Property subtype
    Triplexes

    Description

    Incredible 5 Unit Investment Opportunity In Our Much Desired Irwin Borough. This Sale Consists Of A Triplex And Duplex On One Lot! Majority Of Utilities Are Separated, Basement Has Laundry Plus Several Divided Clean And Locked Storage Spaces. Duplex Has A One Car Garage That Can Be Rented Separately ... . Additional Off Street Parking Available For Duplex. Property Is Located Near On/Off Ramp For Turnpike And Route 30. Sits Within 1 Mile Of A High Traffic Commercial Area, Including The Norwin Hills Shopping Center, Walmart, Target, Planet Fitness, Restaurants And Much More. Property Is 80% Leased (4/5 Units) at $3560/mo. Unit 5 Vacant And Near Ready. Market Rents Project $5000/mo Is Feasible. Fantastic Rental Opportunity Awaiting Its New Owner!

    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
    Irwin
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.701753
    Latitude
    40.329248

    Comparable in this City

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      House Converted Into Two Apartments

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    • $205,000

      Norwin School District Investment Opportunity

      Multifamily investment property in Norwin school district.
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    • $599,900
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      Mixed-Use Commercial Asset in Hempfield

      Mixed-use property with office, residential, and automotive spaces.
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      Development Site in North Huntingdon

      Development site in North Huntingdon, Norwin School District.
      00 Stanyard Ln North, No Huntingdon, PA 15642
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    • $799,000
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      North Huntingdon Development Site

      Development site in the Norwin School District.
      00 Stanyard Ln, North Huntingdon, PA 15642
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    • $700,000
      1.01 Acres

      Irwin Commercial Land - Prime Location

      1-Acre Lot, High Traffic, Development Ready
      130 Tbd State Rd, Irwin, PA 15642
      View Details

    Similar Nearby for Sale

    • $145,000

      House Converted Into Two Apartments

      House converted into two apartments with separate utilities and parking.
      725 Pine St, Irwin, PA 15642
      View Details
    • $205,000

      Norwin School District Investment Opportunity

      Multifamily investment property in Norwin school district.
      221 Woodside Rd, Irwin, PA 15642
      View Details
    • $599,900
      8,226 SF

      Mixed-Use Commercial Asset in Hempfield

      Mixed-use property with office, residential, and automotive spaces.
      348 Wendel Rd, Irwin, PA 15642
      View Details
    • Contact for pricing

      Development Site in North Huntingdon

      Development site in North Huntingdon, Norwin School District.
      00 Stanyard Ln North, No Huntingdon, PA 15642
      View Details
    • $700,000
      1.01 Acres

      Prime Commercial Parcel on Route 130

      1-acre commercial parcel in Penn Twp with high visibility.
      Tbd State Rd 130, Irwin, PA 15642
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    • Contact for pricing

      Industrial/Flex Building in North Huntingdon

      14,807 SF industrial/flex building with warehouse and office space.
      11020 Parker Dr, North Huntingdon, PA 15642
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    Similar Nearby for Lease

    • $1,400 /Mo
      89,298 SF

      Office and Warehouse Space Available

      Move-in ready office/warehouse near major routes in Westmoreland County.
      348 Wendel Rd, Irwin, PA 15642
      View Details
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      Shop 'N Save Anchored Center

      Dominant retail center in Irwin, PA with national co-tenants.
      12120 Lincoln Hwy, Irwin, PA 15642
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      6,000 SF

      Office Space Available For Rent

      6,000 square feet of office space for lease.
      4044 Route 130, Irwin, PA 15642
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    • Contact for pricing
      1,741 SF

      Office Space Available For Rent

      Office space for rent with 1741 square feet.
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      1,300 SF

      Street-View Office Suite For Lease

      Second floor office suite with shared amenities and ample parking.
      12875 Lincoln Hwy, Irwin, PA 15642
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    • Contact for pricing
      12,741 SF

      Downtown Irwin Office/Retail Space

      Prime 1,100 SF space in growing commercial district.
      226 Main St, Irwin, PA 15642
      View Details
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    726 Fairview Ave
    Irwin, PA 15642
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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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