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    5217-5231 Penn Ave Pittsburgh, PA 15224

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    For Lease
    Contact for pricing

    Sublease opportunity with free parking and public transportation access.

    Property size:
    4,961 SF
    Lot size:
    0.91 Acres

    Property Features for 5217-5231 Penn Ave

    General Information

    Size
    4,961 SF
    Lot size
    0.91 Acres

    Source: Lee & Associates | Western PA Agent Caroline Muse

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

    Overview

    Office Building Sublease Opportunity

    The entire building is available for sublease, with a term running through April 30, 2027. The property features 28,661 square feet of office space distributed across three floors, in addition to a basement (ground) level. Each floor offers a typical plate of 7,900 square feet. The space is office-intensive, equipped with large meeting rooms and kitchenettes on each floor. On-site parking is available at no cost, and the location provides direct access to public transportation.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.93934
    Latitude
    40.46474

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    FAQs

    What type of property is this?
    Office building - Sublease opportunity with free parking and public transportation access.
    Where is this office building located?
    The property is located at 5217-5231 Penn Ave Pittsburgh, PA.
    What are key features of this property?
    This property features: - Entire building sublease opportunity through April 30, 2027.; - 28,661 SF of office space across three floors plus basement.; - On-site, free parking.
    (412) 339-2424
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    5217-5231 Penn Ave Pittsburgh, PA 15224
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    Realmo Value Estimation

    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.

    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.

    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
    5217-5231 Penn Ave Pittsburgh, PA 15224
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