Multi-Level Office and Flex
For Sale
$550,000
170 Jamison Ln, Monroeville, PA 15146
Three-level office and flex space with suites, flexible garage/work area, and ample parking for mixed commercial use.
Property Size9,768 SF
Price / SF$56.31
Days on Market115
Property Features for 170 Jamison Ln
General Information
Standard status
Active
Size
9,768 SF
Warehouse & Industrial
Clear Height
10 ft
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$15,967
Building Details
Stories
3
Listing Agency:
DESANTIS PROPERTY MANAGEMENT LLC
Listed By:
Benjamin Clark · License #RS344110
(412) 631-3100
Source:
Exprealty
Added: May 24
Changed: Sep 13
Last Checked: Sep 14 at 10:35AM
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 DESANTIS PROPERTY MANAGEMENT LLC
Investment Insights
Based on property information with market context.
This multi-level commercial building totals approximately 9,768 square feet and is suited for office and flexible workspace operations. The property was formerly used for medical and professional office purposes and includes multiple office suites. In addition, it offers a flexible garage/workspace with 9-10 ft ceilings and an 8-ft double garage door, which can support a broader range of service or administrative uses. A large parking lot is available for customer and staff convenience. The offering includes additional space that may support owner occupancy or future leasing. The property is sold as-is.
Located at 170 Jamison Ln in Monroeville, the site is supported by an on-site parking lot designed to serve the building’s office and flex components. Vehicular access is supported through the garage/work area via the 8-ft double garage door.
With a combination of office suites and a dedicated flexible garage/workspace, this building may fit medical, professional, administrative, service, or mixed commercial users. Tenants and owner-occupants can potentially align office operations with the on-site work area while maintaining straightforward parking access for staff and visitors. The mix of space types also allows for different internal layouts depending on the operating needs of the user.
Located at 170 Jamison Ln in Monroeville, the site is supported by an on-site parking lot designed to serve the building’s office and flex components. Vehicular access is supported through the garage/work area via the 8-ft double garage door.
With a combination of office suites and a dedicated flexible garage/workspace, this building may fit medical, professional, administrative, service, or mixed commercial users. Tenants and owner-occupants can potentially align office operations with the on-site work area while maintaining straightforward parking access for staff and visitors. The mix of space types also allows for different internal layouts depending on the operating needs of the user.
Key Highlights
- Approximately 9,768 SF commercial building across three levels
- Former medical and professional office use with multiple office suites
- Flexible garage/workspace with 9–10 ft ceilings and an 8‑ft double garage door
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
$48,390
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
8.80%
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%
$967,800
$967.8K
Cap Rate 7%
$691,286
$691.3K
Cap Rate 9%
$537,667
$537.7K
Market Conditions
NOI Build-Up for 9,768 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
$79.7K $8.16/SF
− Vacancy
−$5.3K −$0.54/SF
EGI
$74.4K $7.62/SF
− OpEx
−$26.1K −$2.67/SF
NOI
$48.4K $4.95/SF
Area
Allegheny County, PA
Vacancy
6.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
35.00%
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%
$967,800
Cap Rate 7%
$691,286
Cap Rate 9%
$537,667
Alternative Uses
Best Use
Office B
$1.78M
$1.56M – $2.08M
NOI $124,782 @ 7.0% cap · market cap 22.69%
Second Best
Industrial
$744.5K
$651.4K – $868.5K
NOI $52,112 @ 7.0% cap · market cap 9.47%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,164 @ 7.0% cap · market cap 31.67%
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
Lease Details
10 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
Explore this area
Business Placement
Demographics for 15146, PA
28,672
Population
13,508
Households
2.1
Avg Household Size
46
Median Age
46%
College-Educated
97%
High-School Grad
19.6 sq mi
ZIP Area
1,463
Density / Sq Mi
$78,295
Median Household Income
$48,073
Median Earnings
$1,163
Median Rent
$197,500
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?
Office units - Three-level office and flex space with suites, flexible garage/work area, and ample parking for mixed commercial use.
Where is this office units located?
The property is located at 170 Jamison Ln Monroeville, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 9,768 SF commercial building across three levels; Former medical and professional office use with multiple office suites; Flexible garage/workspace with 9–10 ft ceilings and an 8‑ft double garage door
