Mixed-Use Retail and Office
5818 Forbes Ave Pittsburgh, PA 15217
For Sale
$2,590,000
SINGLE_FAMILY - Pittsburgh, PA
Property Size6,100 SF
Lot Size0.14 Acres
Price / SF$424.59
Days on Market28
Property Features for 5818 Forbes Ave
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- COM
- Standard status
- Active
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 39525
Listing Agency:
KELLER WILLIAMS REALTY
(412) 831-3800
Listed By:
Jingli Zhang · License #RS330713
(412) 831-3800
Added: Jun 27
Changed: Jun 30
Last Checked: Jul 24 at 4:06PM
MLS# 1761899
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.
Investment Insights
Based on property information with market context.
This mixed-use retail and office building includes an operating first-floor supermarket and an elevator-accessed second-floor commercial space. The upper level features multiple spacious offices and open work areas, along with a conference room, shared kitchenettes, and restroom facilities. The floor plan is described as flexible and may be subdivided for multiple tenants or customized configurations.
The property is located at 5818 Forbes Ave in Pittsburgh’s Squirrel Hill business district and is zoned COM.
With its grocery tenant on the first floor and adaptable office layout above, the building supports both owner-user and investor strategies seeking an all-in-one structure for retail and professional use.
The property is located at 5818 Forbes Ave in Pittsburgh’s Squirrel Hill business district and is zoned COM.
With its grocery tenant on the first floor and adaptable office layout above, the building supports both owner-user and investor strategies seeking an all-in-one structure for retail and professional use.
Key Highlights
- Mixed‑use property on Forbes Avenue in the Squirrel Hill business district
- First floor currently occupied by Panda Super Market
- Second floor has approx. 6,100 SF of versatile commercial space with a flexible floor plan
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.1k | $19.20 |
| − Vacancy | −$7.0k | −$1.15 |
| EGI | $110.1k | $18.05 |
| − OpEx | −$27.5k | −$4.51 |
| NOI | $82.6k | $13.54 |
6,100 SF · lease $19.20/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,570 @ 7.0% cap · market cap 3.19%
Second Best
Office B
$1.11M
$974.1K – $1.30M
NOI $77,925 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $135,990 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gateway Rehabilitation Center
Medical Clinic
Anthony Gentile
Medical Clinic
Carroll LLC
Consultant
Gateway Rehabilitation Center ...
Medical Clinic
Greenwald Jason R
Law Firm
Similar Off Market Nearby
- Giant Eagle Supermarket — 1901 Murray Ave, Pittsburgh, PA 15217
- Food Shoppe — 5878 Northumberland St, Pittsburgh, PA 15217
- Panda Supermarket — 5816-5818 Forbes Ave, Pittsburgh, PA 15217
- Murray Avenue Kosher — 1916 Murray Ave, Pittsburgh, PA 15217
FAQs
What type of property is this?
Grocery and convenience store - Grocery-anchored mixed-use building with elevator-served office space above an operating supermarket.
Where is this grocery and convenience store located?
The property is located at 5818 Forbes Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: Mixed‑use property on Forbes Avenue in the Squirrel Hill business district; First floor currently occupied by Panda Super Market; Second floor has approx. 6,100 SF of versatile commercial space with a flexible floor plan
