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    5301 5Th Ave Shadyside, PA 15232

    Sponsored
    For Sale
    $2,860,000

    Office - Shadyside, PA

    Type:Office
    Lot size:
    0.40 Acres
    Days on Market:
    287
    Last Refresh:
    Jan 20 at 8:06 am

    Property Features for 5301 5Th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    R-Com
    Lot size
    0.40 Acres

    Building Details

    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Bono & Toni Giunta

    RE/MAX Select Realty (724) 933-6300 [email protected]

    Listing agent Lisa Bono & Toni Giunta (724) 933-6300

    Listing date Apr 9, 2025

    MLS# 1695433 Listing URL

    Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Keystone Building in Shadyside

    Located in the heart of Shadyside, this well-maintained building presents a unique opportunity. The Keystone Building benefits from a visible location and convenient access to various areas. It is situated within minutes of major hospitals, the University of Pittsburgh, Carnegie Mellon University, Oakland Civic Center, and Walnut Street shops and restaurants. Public transportation is easily accessible. The property is located on a major roadway, at the corner of 5th Avenue and St. James. The first floor offers approximately 11,000 rentable square feet of commercial space. A large lower-level parking garage accommodates approximately 30 plus cars, and a surface parking lot provides space for approximately 10 cars. The building has been owned and operated by the same owners for the past 40 years and has a very good quality lease history with excellent long-term income potential. Security systems include sprinklers, a monitored fire and burglar alarm, and CCTV. All electrical, HVAC, and CAT systems are in excellent condition. The building is equipped with two Schindler maintained elevators. The lot size is approximately 0.3993 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bellissimo Plastic Surgery Plastic Surgeon DAN STAGANI, LLC ... Personal Trainer Bellissimo Plastic Surgery ... Plastic Surgeon

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shadyside
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.93515
    Latitude
    40.448358

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    FAQs

    What type of property is this?
    Office building - Premiere building with parking in the heart of Shadyside.
    Where is this office building located?
    The property is located at 5301 5Th Ave Shadyside, PA.
    What is the asking price?
    The asking price for this property is $2,860,000.
    What are key features of this property?
    This property features: - Large Commercial Space: Approximately 11,000 sq ft on the entire first floor.; - Substantial Parking: Includes a lower-level garage (30+ cars) and a surface lot (10 cars).; - Prime Location: Highly visible corner location in Shadyside, near major hospitals, universities, shops, and restaurants.
    (724) 933-6300
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    5301 5Th Ave Shadyside, PA 15232
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    Shadyside, PA 15232
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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
    5301 5Th Ave Shadyside, PA 15232
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    We can help!
    Listing Contact
    Lisa Bono & Toni Giunta
    (724) 933-6300
    Learn more
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