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    500 Commonwealth Dr Warrendale, PA 15086

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    For Lease
    Contact for pricing

    Office, lab, training, or flex space for rent in Warrendale.

    Property size:
    33,350 SF
    Lot size:
    33,350 SF

    Property Features for 500 Commonwealth Dr

    General Information

    Size
    33,350 SF

    We can help!

    Listing Contact
    John Eliopoulous
    Source: Naiglobal

    Listing Agent: John Eliopoulous

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Warrendale Office/Lab/Flex Space Available

    This property offers office, lab, training, flex, and incubator space with room to expand and grow within the building. A 5,500 square foot conference center is located on-site. An outdoor patio overlooks a creek and includes picnic tables. Abundant parking is available. Restaurants and retail options are located nearby. The property is close to I-79 and the Pennsylvania Turnpike.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SW Pa Partnership Social Service Agency Regional Health Literacy ... Home Health Care Service Megan Lord-Deriggi Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warrendale
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.106481
    Latitude
    40.674241

    Nearby Similar for Lease

    • Contact for pricing

      Warrendale Office/Lab/Flex Space Available

      Office, lab, training, flex, and incubator space for rent.
      500 Commonwealth Dr, Warrendale, PA 15086
      View Details
    • Contact for pricing

      Office/Lab/Flex Space Available

      Office, lab, training, flex, and incubator space for rent.
      500 Commonwealth Dr, Warrendale, PA 15086
      View Details
    • $24 SF/Yr
      87,895 SF

      Warrendale Office Space Available

      87,895 SF office space for lease in Warrendale, PA.
      800 Commonwealth Dr, Warrendale, PA 15086
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    • $7 SF/Yr
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      Warrendale Warehouse and Office Space

      153,000 SF warehouse with 7,000 SF office space.
      150 Thorn Hill Rd, Warrendale, PA 15086
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      Warrendale Microbrewery Ready to Go

      Operating microbrewery in Warrendale with equipment and parking.
      16087 Perry Hwy, Warrendale, PA 15086
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      Warrendale Microbrewery Ready To Go

      Operating microbrewery in Warrendale with equipment and parking.
      16087 Perry Hwy, Warrendale, PA 15086
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    • $18 SF/Yr
      100 SF

      Warrendale Flex/Industrial Space Available

      Flex/industrial space available for lease in Warrendale, Pennsylvania.
      40 Pennwood Pl, Warrendale, PA 15086
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    • Contact for pricing
      12,567 SF

      Warrendale Flex/Industrial Space Available

      Flex/industrial space with loading dock and convenient highway access.
      161 Thorn Hill Rd, Warrendale, PA 15086
      View Details
    • $1.90 SF/Yr
      6,249 SF

      Warrendale Office Space Available

      Flexible Offices in Prime Location
      50 Pennwood Pl, Warrendale, PA 15086
      View Details
    • Contact for pricing
      10,000 SF

      Class A Office Sublease

      50,000 SF Class A office space available for sublease.
      100 Global View Dr, Warrendale, PA 15086
      View Details
    • $12 SF/Yr
      2,183 SF

      Warrendale Office Space Available

      Office space available for lease in Warrendale, Pennsylvania.
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      View Details

    FAQs

    What type of property is this?
    Office units - Office, lab, training, or flex space for rent in Warrendale.
    Where is this office units located?
    The property is located at 500 Commonwealth Dr Warrendale, PA.
    What are key features of this property?
    This property features: - Room to Expand and Grow within the Building; - **5,500 SF Conference Center On-Site**; - **Abundant Parking**
    (412) 613-6229
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    500 Commonwealth Dr Warrendale, PA 15086
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    Warrendale, PA 15086
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Commonwealth Dr Warrendale, PA 15086
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    We can help!
    Listing Contact
    John Eliopoulous
    (412) 613-6229
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