Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Monroeville HQ Building For Sale Title is generated by Realmo AI

    1740 Golden Mile Hwy, Monroeville, PA

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Two-story, 140,000 SF regional HQ building with redevelopment potential.

    Type:OFFICE
    Property size:
    138,420 SF
    Lot size:
    27.54 Acres
    Price / SF:
    $50/SF
    Added:
    Jan 23, 2023
    Days on Market:
    1228
    Last Refresh:
    May 19 at 10:26 pm

    Property Features for 1740 Golden Mile Hwy

    General Information

    Standard status
    Active
    Size
    138,420 SF
    Lot size
    27.54 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 1740 Golden Mile Hwy Contact us

    We can help!

    Listing Contact
    Nick Francic
    Nick Francic

    Listing agent Nick Francic License #RS307048

    Listing office JLL | Pittsburgh

    Listing date Jan 23, 2023

    Source Moodyscre

    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 JLL | Pittsburgh

    HighLights

    • Redevelopment opportunity for varying uses at an attractive price of $50.00/SF.
    • Substantial 140,000 s.f. two‑story building suitable for a regional headquarters.
    • Convenient on‑site amenities including a cafe and fitness center.
    • High parking ratio of 4.0 / 1,000, providing 560 surface spaces.
    • Large floorplates with renovated interior finishes.
    • Located along a vibrant retail corridor with numerous amenities.

    Overview

    This two-story, 140,000 square foot regional headquarters building is available for sale. The property features large floorplates with renovated interior finishes. On-site amenities include a cafe and fitness center. The building has 4 loading docks and a parking ratio of 4.0 per 1,000 square feet, providing 560 surface parking spaces. It is located along a vibrant retail corridor with numerous amenities. The property presents a redevelopment opportunity for varying uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Philips Respironics Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply 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
    Monroeville
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.7125
    Latitude
    40.4411

    Nearby Similar for Sale

    • $1,100,000
      7,500 SF

      Monroeville Restaurant and Brewery

      Restaurant and brewery in Monroeville, renovated in the past three years.
      312 Center Rd, Monroeville, PA 15146
      View Details
    • $1,000,000
      7,800 SF

      Turnkey Restaurant Near Monroeville Mall

      7,800 SF restaurant with furniture, fixtures, and equipment included.
      8 Tech One Dr, Monroeville, PA 15146
      View Details
    • $1,100,000
      9,108 SF

      Former Bank in Retail Corridor

      9,108 SF former bank with drive-thru and ample parking.
      2640 Monroeville Blvd, Monroeville, PA 15146
      View Details
    • $250,000
      2,368 SF

      Remodeled Monroeville Office Building For Sale

      Two-level, 2368 sq ft office building in Monroeville, PA.
      4372 Old William Penn Hwy, Monroeville, PA, 15146-1441
      View Details
    • $975,000
      10,000 SF

      Monroeville Office Space Near UPMC

      10,000 SF office space near UPMC East Campus.
      111 Whitehead Ln, Monroeville, PA
      View Details
    • $665,000
      3,200 SF

      Monroeville Commercial Space For Sale

      High-visibility commercial space in a sought-after Monroeville location.
      4351 Old William Penn Hwy, Monroeville, PA, 15146-1440
      View Details
    • $3,700,000
      24,400 SF

      For Sale or Lease | Owner-User, Investment or Redevelopment Opportunity

      4.95-acre site with two buildings and high traffic visibility.
      4755-4767 William Penn Hwy, Monroeville, PA 15146
      View Details
    • Contact for pricing
      102,129 SF

      Haymaker Village Retail Opportunity

      Retail space for sale in Monroeville, Pennsylvania.
      4548 Broadway Blvd, Monroeville, PA 15146
      View Details
    • $1,195,000
      7,800 SF

      7,800 SF turnkey restaurant for sale

      Fully equipped 7,800 SF restaurant near Monroeville Mall.
      8 Tech One Dr, Monroeville, PA 15146
      View Details
    • Contact for pricing
      1,320 SF

      Monroeville Retail Redevelopment Opportunity

      Redevelopment opportunity in the heart of Monroeville retail trade area.
      2727 Stroschein Rd, Monroeville, PA
      View Details
    • $1,000,000
      7,800 SF

      Turnkey Restaurant Near Monroeville Mall

      7,800 SF turnkey restaurant with high visibility location.
      8 Tech One Dr, Monroeville, PA 15146
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story, 140,000 SF regional HQ building with redevelopment potential.
    Where is this office building located?
    The property is located at 1740 Golden Mile Hwy Monroeville, PA.
    What is the asking price?
    The asking price for this property is $7,049,500.
    What are key features of this property?
    This property features: Redevelopment opportunity for varying uses at an attractive price of $50.00/SF.; Substantial 140,000 s.f. two‑story building suitable for a regional headquarters.; **Convenient on‑site amenities including a cafe and fitness center.**
    (412) 208-8382 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Francic
    Nick Francic
    Real Estate License ID: RS307048
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1740 Golden Mile Hwy, Monroeville, PA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!