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    8 W Pike St Houston, PA 15342

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    8 W Pike St Houston, PA 15342

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    • Mixed-use properties
    Off-Market
    Property ID
    US73-1819153
    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

    • HealthMarkets / Insurance Agency

    Property Details for 8 W Pike St

    Year built
    1892
    Property type
    Mixed-use properties
    Property subtype
    Office properties & Spaces

    Description

    Welcome to 8 W Pike Street! This distinctive Victorian home, rich in history and located in the heart of Houston, is sure to attract potential homeowners, investors, and commercial enterprises alike. The possibilities are truly endless! The main level features a charming foyer that leads to a spac ... ious living room, highlighted by a stunning picture window that fills the space with natural light. Next, the dining room, complete with a cozy fireplace, is ideal for entertaining guests. A den or home office area guides you to a full bathroom, a laundry room, and a mudroom with access to the back porch. The kitchen boasts a generous walk-in pantry, a movable island, and a built-in pantry, complemented by a nearby half bath. Additionally, a storage area connected to the kitchen serves as another mudroom, providing access to the back porch with an accessible ramp. The property also includes a fenced side yard, a detached one-car garage, and a two-car carport beside the driveway.

    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
    Houston
    County
    Washington
    State
    Pennsylvania
    Longitude
    -80.210824
    Latitude
    40.24988

    Comparable in this City

    • $225,000
      0.16 Acres

      Mixed-Use Property in Houston, PA

      Live/work property with high visibility and business potential.
      26 S Main St, Houston, PA 15342
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      40,000 SF

      40,000 SF Warehouse/Flex Property

      Warehouse/flex property in Washington, PA near Meadowlands.
      2435 W Pike St, Houston, PA 15342
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      Houston, PA Industrial Facility

      15,000 SF warehouse facility with expansion potential near I-79.
      161 South Johnson Rd, Houston, PA 15342
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      Washington PA Warehouse/Flex Property

      40,000 SF warehouse/flex property on 3.2 acres for sale.
      2435 W Pike St, Houston, PA 15342
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    • $495,000
      0.59 Acres

      Prime Houston Auto Body Shop

      Turn-key auto body shop with living quarters.
      502 Main St, Houston, PA 15342
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    Similar Nearby for Sale

    • $225,000
      0.16 Acres

      Mixed-Use Property in Houston, PA

      Live/work property with high visibility and business potential.
      26 S Main St, Houston, PA 15342
      View Details
    • Contact for pricing
      40,000 SF

      40,000 SF Warehouse/Flex Property

      Warehouse/flex property in Washington, PA near Meadowlands.
      2435 W Pike St, Houston, PA 15342
      View Details
    • Contact for pricing

      Houston, PA Industrial Facility

      15,000 SF warehouse facility with expansion potential near I-79.
      161 South Johnson Rd, Houston, PA 15342
      View Details
    • Contact for pricing

      Washington PA Warehouse/Flex Property

      40,000 SF warehouse/flex property on 3.2 acres for sale.
      2435 W Pike St, Houston, PA 15342
      View Details
    • $495,000
      0.59 Acres

      Prime Houston Auto Body Shop

      Turn-key auto body shop with living quarters.
      502 Main St, Houston, PA 15342
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Spaces Available For Rent

      Office spaces ranging from 1,500 to 11,000 SqFt available.
      201 S Johnson Rd, Houston, PA 15342
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    • Contact for pricing

      Suburban Office Park Along I-79

      Office spaces available for lease in renovated building with amenities.
      201 South Johnson Rd, Houston, PA 15342
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    • Contact for pricing

      Suburban Office Park Along I-79

      Office spaces for lease in renovated building with many windows.
      201 South Johnson Rd, Houston, PA 15342
      View Details
    • Contact for pricing
      60,000 SF

      Suburban Office Park Along I-79

      Office spaces available in renovated building with convenient amenities.
      201 South Johnson Rd, Houston, PA 15342
      View Details
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    Houston, PA 15342
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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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