Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3000 Park Lane Dr Pittsburgh, PA 15275

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A office building with modern amenities available for lease.

    We can help!

    Listing Contact
    Pamela Austin
    Pamela Austin
    Source: Naiburnsscalo

    Listing Agent: Pamela Austin

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

    Learn more

    Overview

    Class A Office Building

    This is a 105,315 square foot Class A office building. The building features 21,063 square foot floor sizes and 10-foot ceilings. There are 210 parking spaces available. The building is LEED Silver certified and includes white noise machines in the ceilings on every floor. A full building backup generator is available. Additional amenities include a grab-and-go cafe and a fitness center/yoga studio with locker room and showers. A new roof has been installed. The property has an on-site property manager.
    Location Intelligence

    Current Use by Public Records

    Cigna Healthcare Corporate Office

    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
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.0418
    Latitude
    40.4237

    Nearby Similar for Lease

    • New
      $900 /Mo

      Robinson Township Office Space Available

      1,000 SF office suite with private entrance and highway access.
      4488 Steubenville Pike, Pittsburgh, PA 15205
      View Details
    • New
      $5,000 /Mo
      13,861 SF

      Retail Space in Squirrel Hill

      2000 SF retail space in the heart of Squirrel Hill.
      5854 Forbes Ave, Squirrel Hill, PA 15217
      View Details
    • $5,500 /Mo
      12,001 SF

      Updated Office Space in Beechview

      Updated office space with flexible layout and ample parking.
      1532 Beechview Ave, Beechview, PA 15216
      View Details
    • $850 /Mo
      2,261 SF

      Office Space in Historic Deutschtown

      Office space with reception, kitchenette, and private offices.
      512 Foreland St, Pittsburgh, PA 15212
      View Details
    • $5,000 /Mo
      13,861 SF

      Retail Space in Squirrel Hill

      Well-maintained retail space in a high-traffic commercial area.
      5862 Forbes Ave, Pittsburgh, PA 15217
      View Details
    • $1,800 /Mo

      Havertown Office Space For Lease

      Second-floor office space in high-traffic location near Manoa Shopping Center.
      121 N Eagle Rd, Havertown, PA 19083
      View Details
    • $2,300 /Mo
      5,615 SF

      Turnkey Restaurant Space in Shadyside

      Established restaurant space available for sublease in a high-traffic Pittsburgh neighborhood.
      5102 Baum Blvd, Shadyside, PA 15224
      View Details
    • $3,900 /Mo
      13,068 SF

      SAINT CLAIR Commercial Lease

      Former bank building, move-in ready with vaults and teller station.
      0-2 N 2Nd St, Saint Clair, PA 17970
      View Details
    • $1,755 /Mo
      4,809 SF

      Commercial Space on Brownsville Road

      Commercial space suitable for medical, professional, or office use.
      5600 Brownsville Rd, Pittsburgh, PA 15236
      View Details
    • $950 /Mo

      HAVERTOWN Office Space For Lease

      Renovated office space with skylights and on-site parking.
      1223 2Nd St, Havertown, PA 19083
      View Details
    • $2,100 /Mo

      HAVERTOWN Office Space For Lease

      Office space with reception, storage, and private parking.
      700 Darby Rd, Havertown, PA 19083
      View Details
    • $2,500 /Mo

      Havertown Storefront on Brookline Blvd

      High-visibility end-cap storefront available for lease in Havertown.
      1213 Darby Rd, Havertown, PA 19083
      View Details

    FAQs

    What type of property is this?
    Office building - Class A office building with modern amenities available for lease.
    Where is this office building located?
    The property is located at 3000 Park Lane Dr Pittsburgh, PA.
    What are key features of this property?
    This property features: - Full building backup generator for uninterrupted operations.; - Leed (Silver) certified, promoting sustainability.; - Enjoy the convenience of a fitness center/yoga studio with locker room and showers.
    (773) 383-7094
    Request Owner's contact information
    3000 Park Lane Dr Pittsburgh, PA 15275
    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.
    3000 Park Lane Dr
    Pittsburgh, PA 15275
    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
    3000 Park Lane Dr Pittsburgh, PA 15275
    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

    We can help!
    Listing Contact
    Pamela Austin
    Pamela Austin
    (773) 383-7094 (412) 250-3000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!