Spacious Condo in Moon
For Sale
$105,000
1112 Forest Green Dr Moon/Crescent, Coraopolis, PA 15108
Ground-level, two-bedroom condo near Robert Morris University and Pittsburgh Airport.
Property Size1,124 SF
Price / SF$93.42
Days on Market379
Property Features for 1112 Forest Green Dr Moon/Crescent
General Information
Standard status
Active
Size
1,124 SF
Property subtype
Condominium
Amenities
Gas
Central Air
Forced Air
Some Gas Appliances
Dishwasher
Disposal
Refrigerator
Stove
Building Details
Building Size
1,124 SF
Year Built
1984
Listing Agency:
COLDWELL BANKER REALTY
(817) 890-7325
Listed By:
COLDWELL BANKER REALTY · License #0713466
Source:
Kw
Added: Aug 14, 2025
Changed: Aug 25
Last Checked: Aug 26 at 3:54PM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Located at 1112 Forest Green Drive in Moon Township, this spacious ground-level condo features two bedrooms and 1.5 bathrooms. Situated on the first floor of building 11 within the Forest Glenn community, this well-maintained condo offers comfortable living. The property is located near Robert Morris University, Pittsburgh International Airport, and major highways. The condo features an open dining area, a fully equipped kitchen, and large bedrooms. Residents can enjoy low-maintenance living with access to ample parking, a community center, tennis courts, and a community pool. A storage unit is included. The property is suitable as a place to live or as an addition to an investment portfolio.
Key Highlights
- Ground level unit: Provides easy access and convenience.
- Move‑in ready condition: Allows for immediate occupancy without renovations.
- Desirable location: Close to Robert Morris University, Pittsburgh International Airport, and major highways.
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
$8,744
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
8.33%
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%
$174,880
$174.9K
Cap Rate 7%
$124,914
$124.9K
Cap Rate 9%
$97,156
$97.2K
Market Conditions
NOI Build-Up for 1,124 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
$16.9K $15.00/SF
− Vacancy
−$961 −$0.86/SF
EGI
$15.9K $14.15/SF
− OpEx
−$7.2K −$6.37/SF
NOI
$8.7K $7.78/SF
Area
Allegheny County, PA
Vacancy
5.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
45.00%
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%
$174,880
Cap Rate 7%
$124,914
Cap Rate 9%
$97,156
Alternative Uses
Best Use
Apartment 5plus
$124.9K
$109.3K – $145.7K
NOI $8,744 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$286.3K
$250.5K – $334.0K
NOI $20,041 @ 7.0% cap · market cap 19.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
Explore this area
Business Placement
Demographics for 15108, PA
43,422
Population
18,179
Households
2.4
Avg Household Size
40
Median Age
47%
College-Educated
96%
High-School Grad
39.5 sq mi
ZIP Area
1,099
Density / Sq Mi
$94,703
Median Household Income
$52,327
Median Earnings
$1,161
Median Rent
$255,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Ground-level, two-bedroom condo near Robert Morris University and Pittsburgh Airport.
Where is this apartment building located?
The property is located at 1112 Forest Green Dr Moon/Crescent Coraopolis, PA.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: Ground level unit: Provides easy access and convenience.; Move‑in ready condition: Allows for immediate occupancy without renovations.; Desirable location: Close to Robert Morris University, Pittsburgh International Airport, and major highways.
