Creative Space with Storefront
1480 Dormont Ave, Pittsburgh, PA 15216
For Sale
Contact for pricing
Large windows bring natural light into a commercial space suited to office, workspace, or service-business use.
Property Size2,000 SF
Price / SF$0.75
Days on Market175
Property Features for 1480 Dormont Ave
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
large storefront windows
Listing Agency:
NEXUS BROKERAGE
(412) 455-5600
Listed By:
Meredith Cohen
(412) 455-5656
Source:
Indianlakerealty
Added: May 22
Changed: Nov 11
Last Checked: Nov 11 at 6:57PM
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 NEXUS BROKERAGE
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Investment Insights
Based on property information with market context.
This 2,000-square-foot commercial space features large storefront windows that bring in natural light. The stated zoning is COM, and the space is presented for office, creative, workspace, or service-business use.
The property is on Dormont Avenue in Pittsburgh, with access to Potomac Avenue and West Liberty Avenue. Public transportation, shopping, and restaurants are nearby, and downtown Pittsburgh is described as minutes away.
The property is on Dormont Avenue in Pittsburgh, with access to Potomac Avenue and West Liberty Avenue. Public transportation, shopping, and restaurants are nearby, and downtown Pittsburgh is described as minutes away.
Key Highlights
- 2,000 square feet of commercial space
- Large storefront windows provide natural light
- Zoned COM
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,310
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,200
$466.2K
Cap Rate 7%
$333,000
$333.0K
Cap Rate 9%
$259,000
$259.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.0K $18.00/SF
− Vacancy
−$2.7K −$1.35/SF
EGI
$33.3K $16.65/SF
− OpEx
−$10.0K −$5.00/SF
NOI
$23.3K $11.66/SF
Area
Pittsburgh, PA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,200
Cap Rate 7%
$333,000
Cap Rate 9%
$259,000
Alternative Uses
Best Use
Office B
$365.0K
$319.4K – $425.8K
NOI $25,549 @ 7.0% cap
Second Best
Retail
$333.0K
$291.4K – $388.5K
NOI $23,310 @ 7.0% cap
Theoretical Best
Office A
$637.0K
$557.3K – $743.1K
NOI $44,587 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
Explore this area
Business Placement
Demographics for 15216, PA
22,966
Population
11,194
Households
2.1
Avg Household Size
38
Median Age
47%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
6,755
Density / Sq Mi
$81,542
Median Household Income
$48,674
Median Earnings
$1,078
Median Rent
$193,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Pittsburgh, PA
Frequently Asked Questions
What type of property is this?
Creative space - Large windows bring natural light into a commercial space suited to office, workspace, or service-business use.
Where is this creative space located?
The property is located at 1480 Dormont Ave Pittsburgh, PA.
What are key features of this property?
This property features: 2,000 square feet of commercial space; Large storefront windows provide natural light; Zoned COM
