Class B+ Office Building with
For Sale
$8,850,000
811 Camp Horne Rd, Pittsburgh, PA 15237
Class B+ office building constructed in 2004 with an enclosed glass skybridge and upgraded HVAC.
Property Size44,986 SF
Days on Market15
Property Features for 811 Camp Horne Rd
General Information
Standard status
Active
Size
44,986 SF
Class
B
Property subtype
Office - General Office
Building Details
Building Size
44,986 SF
Year Built
2004
Units
61
Listing Agency:
NAI Burns Scalo
(724) 825-0888
Listed By:
Andreas Kamouyerou · License #RS340004
Source:
Commercialcafe
Added: Jul 26
Changed: Aug 8
Last Checked: Aug 9 at 9:13AM
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 NAI Burns Scalo
Investment Insights
Based on property information with market context.
Stone Quarry Crossing is a 45,986-square-foot Class B+ office building constructed in 2004. The property features soaring ceilings, expansive windows designed to bring in natural light, premium interior finishes, and a recently upgraded state-of-the-art HVAC system. An enclosed 180-foot glass skybridge connects the office areas, and the building also includes a landscaped outdoor courtyard with generous on-site parking.
The building is located at 811 Camp Horne Road in Pittsburgh’s North Hills and provides immediate access to the Camp Horne Road interchange along the I-279 corridor. This location supports convenient connectivity to Downtown Pittsburgh and Pittsburgh International Airport, as well as surrounding North Hills communities.
Recognized for its renovation, Stone Quarry Crossing has received NAIOP Renovation of the Year recognition.
The building is located at 811 Camp Horne Road in Pittsburgh’s North Hills and provides immediate access to the Camp Horne Road interchange along the I-279 corridor. This location supports convenient connectivity to Downtown Pittsburgh and Pittsburgh International Airport, as well as surrounding North Hills communities.
Recognized for its renovation, Stone Quarry Crossing has received NAIOP Renovation of the Year recognition.
Key Highlights
- 45,986 SF Class B+ office building constructed in 2004
- Enclosed glass skybridge spans 180 feet, connecting building areas
- Recently upgraded state‑of‑the‑art HVAC system
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
$574,678
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
6.49%
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%
$11,493,560
$11.5M
Cap Rate 7%
$8,209,686
$8.2M
Cap Rate 9%
$6,385,311
$6.4M
Market Conditions
NOI Build-Up for 44,986 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
$1.01M $22.56/SF
− Vacancy
−$248.6K −$5.53/SF
EGI
$766.2K $17.03/SF
− OpEx
−$191.6K −$4.26/SF
NOI
$574.7K $12.77/SF
Area
ZIP 15237
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%
$11,493,560
Cap Rate 7%
$8,209,686
Cap Rate 9%
$6,385,311
Alternative Uses
Best Use
Office B
$8.21M
$7.18M – $9.58M
NOI $574,678 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.33M
$12.54M – $16.71M
NOI $1,002,896 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 15237, PA
45,670
Population
19,332
Households
2.4
Avg Household Size
43
Median Age
58%
College-Educated
97%
High-School Grad
24.1 sq mi
ZIP Area
1,895
Density / Sq Mi
$108,538
Median Household Income
$64,006
Median Earnings
$1,327
Median Rent
$306,900
Median Home Value
Market
Vacancy Rate% for Office in Pittsburgh, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Class B+ office building constructed in 2004 with an enclosed glass skybridge and upgraded HVAC.
Where is this office building located?
The property is located at 811 Camp Horne Rd Pittsburgh, PA.
What is the asking price?
The asking price for this property is $8,850,000.
What are key features of this property?
This property features: 45,986 SF Class B+ office building constructed in 2004; Enclosed glass skybridge spans 180 feet, connecting building areas; Recently upgraded state‑of‑the‑art HVAC system
