SpringHill Suites Hotel with 94
For Sale
$10,750,000
1000 Regis Ave, Pittsburgh, PA 15236
Four-story, all-suites lodging asset with recent Marriott-required renovations.
Property Size58,845 SF
Days on Market59
Property Features for 1000 Regis Ave
General Information
Standard status
Active
Size
58,845 SF
Property subtype
Hotel-Motel
Financials
Asking Price
$10,750,000
Business Included
Yes
Additional Details
Road Access
Yes
Amenities
Over Three Million Dollars in Recent Renovations | 21-Year PIP Completed
Priced to Sell at 3.4 RRM
Four Story Block and Plank Construction
Nine Miles from Downtown Pittsburgh - High Barrier to Entry Location
Building Details
Building Size
58,845 SF
Year Built
2001
Stories
4
Construction
Block & Plank
Listed By:
Alex Duong · License #License(s): OH: SAL.2012000783, PA: RS322576
(216) 264-2061
Source:
Marcusmillichap
Added: Aug 13
Changed: Oct 10
Last Checked: Oct 9 at 4:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alex Duong
Investment Insights
Based on property information with market context.
SpringHill Suites West Mifflin is a four-story hotel with 94 all-suite rooms and block-and-plank construction. Built in 2001, the property recently completed Marriott’s 21-Year PIP and is expected to receive a long-term Marriott relicensure with minimal PIP upon transfer. The offering is structured as fee simple and unencumbered by third-party management and debt, while the hotel is currently third-party managed.
The hotel is positioned off State Route 51 on Regis Avenue in West Mifflin, Pennsylvania. Downtown Pittsburgh attractions, including the Carnegie Science Center, Heinz Field, PNC Park, and Consol Energy Center, are identified as nine miles away. Additional lodging demand generators cited for the property include Kennywood Amusement Park, Sandcastle Waterpark, the University of Pittsburgh, and area corporate and aviation-related employers.
The hotel is positioned off State Route 51 on Regis Avenue in West Mifflin, Pennsylvania. Downtown Pittsburgh attractions, including the Carnegie Science Center, Heinz Field, PNC Park, and Consol Energy Center, are identified as nine miles away. Additional lodging demand generators cited for the property include Kennywood Amusement Park, Sandcastle Waterpark, the University of Pittsburgh, and area corporate and aviation-related employers.
Key Highlights
- 94‑room, all‑suites hotel
- Four‑story block‑and‑plank construction completed in 2001
- Recently completed Marriott 21‑Year PIP
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$531,300
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,626,000
$10.6M
Cap Rate 7%
$7,590,000
$7.6M
Cap Rate 9%
$5,903,333
$5.9M
Market Conditions
NOI Build-Up for 58,845 SF
Gross rent
$1.27M $21.60/SF
− Vacancy
−$152.5K −$2.59/SF
EGI
$1.12M $19.01/SF
− OpEx
−$587.2K −$9.98/SF
NOI
$531.3K $9.03/SF
Area
ZIP 15236
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,626,000
Cap Rate 7%
$7,590,000
Cap Rate 9%
$5,903,333
Alternative Uses
Best Use
Hotel Hospitality
$7.59M
$6.64M – $8.86M
NOI $531,300 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.99M
$13.12M – $17.49M
NOI $1,049,211 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
Explore this area
Business Placement
Demographics for 15236, PA
31,594
Population
14,066
Households
2.2
Avg Household Size
44
Median Age
38%
College-Educated
93%
High-School Grad
10.7 sq mi
ZIP Area
2,953
Density / Sq Mi
$87,016
Median Household Income
$52,285
Median Earnings
$1,087
Median Rent
$224,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - Four-story, all-suites lodging asset with recent Marriott-required renovations.
Where is this hotel located?
The property is located at 1000 Regis Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $10,750,000.
What are key features of this property?
This property features: 94‑room, all‑suites hotel; Four‑story block‑and‑plank construction completed in 2001; Recently completed Marriott 21‑Year PIP
