Two-Story Medical Office
For Sale
Contact for pricing
301 E 1st Ave, Tarentum, PA 15084
Second-generation medical office space in a two-story mixed-use building with patient and private parking.
Property Size11,800 SF
Price / SF$55.08
Days on Market809
Property Features for 301 E 1st Ave
General Information
Standard status
Active
Size
11,800 SF
Total Parking Spaces
19
Property subtype
OFFICE
Building Details
Stories
2
Listing Agency:
Hanna Commercial Real Estate | Pittsburgh
(412) 261-2200
Listed By:
Anthony Cost · License #AB067512
Source:
Moodyscre
Added: Jun 28, 2024
Changed: Aug 15
Last Checked: Sep 14 at 11:32AM
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 Hanna Commercial Real Estate | Pittsburgh
Investment Insights
Based on property information with market context.
This two-story mixed-use commercial building includes approximately 3,500 square feet of second-generation medical office space that was formerly occupied by Allegheny Health Network. The offering is configured for medical office use and is complemented by on-site parking for both patients and staff.
The property includes 9 patient parking spaces and 10 private parking spaces for doctors and support staff, supporting everyday visits and day-to-day operations.
All utilities are included in the operating structure as stated in the public remarks, and the space is presented as a medical office asset within the building.
The property includes 9 patient parking spaces and 10 private parking spaces for doctors and support staff, supporting everyday visits and day-to-day operations.
All utilities are included in the operating structure as stated in the public remarks, and the space is presented as a medical office asset within the building.
Key Highlights
- Second‑generation medical office space in a two‑story mixed‑use commercial building
- Approximately 3,500 SF medical office space; formerly Allegheny Health Network
- $2,650.00 per month plus all utilities
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
$53,960
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
8.30%
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%
$1,079,200
$1.1M
Cap Rate 7%
$770,857
$770.9K
Cap Rate 9%
$599,556
$599.6K
Market Conditions
NOI Build-Up for 11,800 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
$96.3K $8.16/SF
− Vacancy
−$6.4K −$0.54/SF
EGI
$89.9K $7.62/SF
− OpEx
−$36.0K −$3.05/SF
NOI
$54.0K $4.57/SF
Area
Allegheny County, PA
Vacancy
6.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
40.00%
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%
$1,079,200
Cap Rate 7%
$770,857
Cap Rate 9%
$599,556
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.51M
NOI $150,740 @ 7.0% cap · market cap 23.19%
Second Best
Healthcare Medical
$770.9K
$674.5K – $899.3K
NOI $53,960 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,395 @ 7.0% cap · market cap 32.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15084, PA
10,063
Population
4,756
Households
2.1
Avg Household Size
43
Median Age
25%
College-Educated
96%
High-School Grad
28.9 sq mi
ZIP Area
348
Density / Sq Mi
$61,660
Median Household Income
$40,571
Median Earnings
$741
Median Rent
$111,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-generation medical office space in a two-story mixed-use building with patient and private parking.
Where is this medical office space located?
The property is located at 301 E 1st Ave Tarentum, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Second‑generation medical office space in a two‑story mixed‑use commercial building; Approximately 3,500 SF medical office space; formerly Allegheny Health Network; $2,650.00 per month plus all utilities
