Mixed-Use Property with Office
For Sale
$250,000
1206 Brookline Blvd, Brookline, PA
Brick commercial building combining a vacant office suite with a separate apartment and accessible rear entry.
Property Size1,100 SF
Price / SF$227.27
Days on Market12
Property Features for 1206 Brookline Blvd
General Information
Standard status
Active
Size
1,100 SF
Total Parking Spaces
3
Property Condition
Severity
Repairs Needed
Evidence
cosmetic repairs
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Floor
First Floor
Taxes and HOA fees
Annual Taxes
$2,322
Building Details
Buildings
1
Stories
2
Construction
brick
Owner Occupied
No
Listing Agency:
HOWARD HANNA REAL ESTATE SERVICES
Listed By:
Milo Hindman
(412) 882-9100
Source:
Exprealty
Added: Sep 2
Changed: Sep 11
Last Checked: Sep 13 at 2:51PM
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 HOWARD HANNA REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This brick mixed-use building combines commercial and residential space in one property. The approximately 1100-square-foot first floor is vacant and arranged for office use, with a reception zone, waiting area, examination rooms, two restrooms, and storage. A wheelchair-accessible ramp serves the rear entrance, while the space would benefit from cosmetic improvements and updating.
The vacant second-floor apartment includes 1 bedroom and 1 bathroom. On-site parking accommodates up to 3 vehicles, with additional on-street parking available. The property is located at 1206 Brookline Blvd in Brookline, PA, near shopping, dining, and everyday amenities.
The vacant second-floor apartment includes 1 bedroom and 1 bathroom. On-site parking accommodates up to 3 vehicles, with additional on-street parking available. The property is located at 1206 Brookline Blvd in Brookline, PA, near shopping, dining, and everyday amenities.
Key Highlights
- Approximately 1100 square feet of first‑floor office space
- Office layout includes reception, waiting, examination, storage, and two restrooms
- Vacant second‑floor apartment with 1 bedroom and 1 bathroom
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
$14,052
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
5.62%
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%
$281,040
$281.0K
Cap Rate 7%
$200,743
$200.7K
Cap Rate 9%
$156,133
$156.1K
Market Conditions
NOI Build-Up for 1,100 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
$24.8K $22.56/SF
− Vacancy
−$6.1K −$5.53/SF
EGI
$18.7K $17.03/SF
− OpEx
−$4.7K −$4.26/SF
NOI
$14.1K $12.77/SF
Area
Pittsburgh, PA
Vacancy
24.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
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%
$281,040
Cap Rate 7%
$200,743
Cap Rate 9%
$156,133
Alternative Uses
Best Use
Office B
$200.7K
$175.7K – $234.2K
NOI $14,052 @ 7.0% cap · market cap 5.62%
Second Best
Healthcare Medical
$190.4K
$166.6K – $222.2K
NOI $13,329 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$350.3K
$306.5K – $408.7K
NOI $24,523 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,475
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial building combining a vacant office suite with a separate apartment and accessible rear entry.
Where is this mixed-use property located?
The property is located at 1206 Brookline Blvd Brookline, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately 1100 square feet of first‑floor office space; Office layout includes reception, waiting, examination, storage, and two restrooms; Vacant second‑floor apartment with 1 bedroom and 1 bathroom
