Commercial Office
For Sale
Contact for pricing
1700 FORBES AVE, Pittsburgh, PA 15219
Office property offered for sale in Pittsburgh.
Property Size5,000 SF
Price / SF$300
Days on Market68
Property Features for 1700 FORBES AVE
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Office
Building Details
Units
1
Listing Agency:
Coldwell Banker
Listed By:
Rob Strohm · License #PA
Source:
Crexi
Added: Aug 4
Changed: Sep 13
Last Checked: Oct 9 at 4:46PM
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 Coldwell Banker
Investment Insights
Based on property information with market context.
This commercial office building contains 5,000 square feet and is offered for sale. The property is located at 1700 Forbes Ave in Pittsburgh, Pennsylvania 15219-5834.
Key Highlights
- 5,000 Sq Ft commercial office property
- Located at 1700 Forbes Ave, Pittsburgh, PA 15219‑5834
- Offered for sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,873
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,460
$1.3M
Cap Rate 7%
$912,471
$912.5K
Cap Rate 9%
$709,700
$709.7K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$112.8K $22.56/SF
− Vacancy
−$27.6K −$5.53/SF
EGI
$85.2K $17.03/SF
− OpEx
−$21.3K −$4.26/SF
NOI
$63.9K $12.77/SF
Area
Pittsburgh, PA
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 Rate 5%
$1,277,460
Cap Rate 7%
$912,471
Cap Rate 9%
$709,700
Alternative Uses
Best Use
Office B
$912.5K
$798.4K – $1.06M
NOI $63,873 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,468 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,960
Businesses Nearby
Explore this area
Business Placement
Demographics for 15219, PA
10,949
Population
7,139
Households
1.5
Avg Household Size
37
Median Age
35%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
4,977
Density / Sq Mi
$32,403
Median Household Income
$35,540
Median Earnings
$894
Median Rent
$193,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Office property offered for sale in Pittsburgh.
Where is this office building located?
The property is located at 1700 FORBES AVE Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,000 Sq Ft commercial office property; Located at 1700 Forbes Ave, Pittsburgh, PA 15219‑5834; Offered for sale
