Warehouse and Flex
For Sale
$450,000
6328 Butler St, Pittsburgh, PA 15201
4,870 SF warehouse building on Butler Street suited for contractor, fabricator, or flex use.
Property Size4,870 SF
Price / SF$92.40
Days on Market138
Property Features for 6328 Butler St
General Information
Standard status
Active
Size
4,870 SF
Property subtype
Street Retail
Building Details
Building Size
4,870 SF
Properties For Sale
at 6328 Butler St Contact us- Size
- 22,224 SF
Ground Lease
- Size
- 4,870 SF
Retail Building
Listing Agency:
SVN | Three Rivers Commercial Advisors
Listed By:
Jason Campagna · License ##RM424399
(724) 918-4426
Source:
Thebrokerlist
Added: Apr 21
Changed: Sep 4
Last Checked: Sep 4 at 2:07AM
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 SVN | Three Rivers Commercial Advisors
Investment Insights
Based on property information with market context.
This property at 6328 Butler Street offers a 4,870 SF warehouse building configured for contractor, fabricator, or flex use. The building is positioned to benefit from its street-facing frontage along Butler Street.
The site is located in Lawrenceville, Pittsburgh and is prominently positioned along Butler Street. The area is described as a dense mix of retailers, restaurants, and residential development.
For sale, the offering also contemplates lease or ground lease structures per the public remarks, providing multiple paths to occupancy or acquisition for qualified parties.
The site is located in Lawrenceville, Pittsburgh and is prominently positioned along Butler Street. The area is described as a dense mix of retailers, restaurants, and residential development.
For sale, the offering also contemplates lease or ground lease structures per the public remarks, providing multiple paths to occupancy or acquisition for qualified parties.
Key Highlights
- 4,870 SF warehouse building at 6328 Butler Street in Lawrenceville, Pittsburgh
- Suitable for contractor, fabricator, or flex use
- Prominently positioned along Butler Street with frontage on a retail corridor
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
$33,399
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
7.42%
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%
$667,980
$668.0K
Cap Rate 7%
$477,129
$477.1K
Cap Rate 9%
$371,100
$371.1K
Market Conditions
NOI Build-Up for 4,870 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
$41.5K $8.52/SF
− Vacancy
−$2.2K −$0.45/SF
EGI
$39.3K $8.07/SF
− OpEx
−$5.9K −$1.21/SF
NOI
$33.4K $6.86/SF
Area
Pittsburgh, PA
Vacancy
5.30%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
15.00%
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%
$667,980
Cap Rate 7%
$477,129
Cap Rate 9%
$371,100
Alternative Uses
Best Use
Warehouse
$477.1K
$417.5K – $556.7K
NOI $33,399 @ 7.0% cap · market cap 7.42%
Second Best
Flex RnD
$408.1K
$357.1K – $476.1K
NOI $28,565 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,569 @ 7.0% cap · market cap 24.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15201, PA
12,802
Population
7,970
Households
1.6
Avg Household Size
36
Median Age
64%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
6,738
Density / Sq Mi
$86,049
Median Household Income
$59,987
Median Earnings
$1,538
Median Rent
$257,300
Median Home Value
Market
Vacancy Rate% for Industrial in Pittsburgh, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Nicole's Kitchen LLC — 328 Butler St, Pittsburgh, PA 15223
- Coleman's Catering Services — 328 Butler St, Pittsburgh, PA 15223
- Mindy's Take & Bake — 1100 N Canal St, Pittsburgh, PA 15215
Frequently Asked Questions
What type of property is this?
Flex space - 4,870 SF warehouse building on Butler Street suited for contractor, fabricator, or flex use.
Where is this flex space located?
The property is located at 6328 Butler St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4,870 SF warehouse building at 6328 Butler Street in Lawrenceville, Pittsburgh; Suitable for contractor, fabricator, or flex use; Prominently positioned along Butler Street with frontage on a retail corridor
