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 Market12
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
Listing Agency:
(216) 264-2061
Listed By:
Alex Duong · License #License(s): OH: SAL.2012000783, PA: RS322576
(216) 264-2061
Source:
Marcusmillichap
Added: Aug 13
Changed: Aug 23
Last Checked: Aug 24 at 3:25AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$531,300
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
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
Questions? Ask Rey
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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
