Turnkey Restaurant Opportunity in
For Sale
$1,195,000
8 Tech One Dr, Monroeville, PA 15146
7,800 SF turnkey restaurant for sale
Property Size7,800 SF
Lot Size0.18 Acres
Price / SF$153.21
Days on Market573
Property Features for 8 Tech One Dr
General Information
Standard status
Active
Property type
Restaurants, Other retail properties, Individual retail properties, Retail properties & Spaces
Size
7,800 SF
Total Parking Spaces
70
Elevators
N/A
Lot size
0.18 Acres
Building Details
Buildings
1
Stories
1
Listing Agency:
(724) 825-0888
Listed By:
Andreas
(724) 825-0888
Added: Jan 20, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 7,800 square foot restaurant in Monroeville, PA, presents an investment opportunity. Previously operating as a hibachi restaurant, the property includes all furniture, fixtures, and equipment. The layout boasts one full bar, one sushi bar, eighteen hibachi grill stations, and three private dining rooms, accommodating up to 140 diners. Ample parking is available with over 70 spaces. Its location is less than a mile from the Monroeville Mall, ensuring high visibility and foot traffic, further enhanced by its proximity to major roadways with a combined average daily traffic count of 29,548 vehicles. The property also offers the added benefit of an available liquor license, maximizing its retail potential. The lot size is 0.18 acres. The property is ready for immediate operation, minimizing start-up costs and maximizing return on investment.
Key Highlights
- 7,800 SF Turnkey Hibachi Restaurant
- Includes furniture, fixtures and equipment
- 70+ parking spaces
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
$90,909
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
7.61%
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%
$1,818,180
$1.8M
Cap Rate 7%
$1,298,700
$1.3M
Cap Rate 9%
$1,010,100
$1.0M
Market Conditions
NOI Build-Up for 7,800 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
$140.4K $18.00/SF
− Vacancy
−$10.5K −$1.35/SF
EGI
$129.9K $16.65/SF
− OpEx
−$39.0K −$5.00/SF
NOI
$90.9K $11.66/SF
Area
Allegheny County, PA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,818,180
Cap Rate 7%
$1,298,700
Cap Rate 9%
$1,010,100
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $90,909 @ 7.0% cap · market cap 7.61%
Second Best
Specialty Retail
$1.11M
$967.0K – $1.29M
NOI $77,360 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,075 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
Dollar General
Shops & Services
13,663 visits/mo
0.2 miles
Aroma Joe's
Dining
4,120 visits/mo
0.3 miles
Demographics for 15146, PA
28,672
Population
13,508
Households
2.1
Avg Household Size
46
Median Age
46%
College-Educated
97%
High-School Grad
19.6 sq mi
ZIP Area
1,463
Density / Sq Mi
$78,295
Median Household Income
$48,073
Median Earnings
$1,163
Median Rent
$197,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - 7,800 SF turnkey restaurant for sale
Where is this restaurant located?
The property is located at 8 Tech One Dr Monroeville, PA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 7,800 SF Turnkey Hibachi Restaurant; Includes furniture, fixtures and equipment; 70+ parking spaces
