Cheswick Commercial Space For
For Sale
$149,900
1705 Pittsburgh St, Cheswick, PA 15024
Commercial space in Cheswick with high traffic and off-street parking.
Property Size1,240 SF
Lot Size0.11 Acres
Price / SF$120.89
Days on Market209
Property Features for 1705 Pittsburgh St
General Information
Standard status
Active
Size
1,240 SF
Lot size
0.11 Acres
Taxes and HOA fees
Annual Taxes
$3,761
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES THE PREFERRED REAL
(412) 782-3700
Listed By:
Jody Groggel
(412) 782-3700
Source:
Exprealty
Added: Jan 26
Changed: Aug 20
Last Checked: Aug 23 at 4:35AM
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 BERKSHIRE HATHAWAY HOMESERVICES THE PREFERRED REAL
Investment Insights
Based on property information with market context.
This commercial space is located in Cheswick. Currently configured as a pediatric dentist office, the property includes a large reception/entrance area, approximately 1240 square feet of space, a small kitchen, two bathrooms, and storage. The one-level building has five off-street parking spots in the rear. Additional parking could be added in the front. Potential uses include professional services, medical, retail, coffee shop, doggie daycare or pet grooming, salon or barber shop, pizza shop, tattoo parlor, daycare, microbrewery, restaurant, or office space. The property is located close to the turnpike and Route 28, making it an excellent location for a small business.
Key Highlights
- Prime commercial space in the heart of Cheswick.
- High‑traffic location with excellent visibility.
- Versatile space suitable for various businesses (professional services, medical, retail, etc.).
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
$12,298
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
8.20%
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%
$245,960
$246.0K
Cap Rate 7%
$175,686
$175.7K
Cap Rate 9%
$136,644
$136.6K
Market Conditions
NOI Build-Up for 1,240 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
$17.3K $13.92/SF
− Vacancy
−$863 −$0.70/SF
EGI
$16.4K $13.22/SF
− OpEx
−$4.1K −$3.31/SF
NOI
$12.3K $9.92/SF
Area
Allegheny County, PA
Vacancy
5.00%
Lease Rate
$13.92 /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%
$245,960
Cap Rate 7%
$175,686
Cap Rate 9%
$136,644
Alternative Uses
Best Use
Office B
$226.3K
$198.0K – $264.0K
NOI $15,841 @ 7.0% cap · market cap 10.57%
Second Best
Retail
$206.5K
$180.7K – $240.9K
NOI $14,452 @ 7.0% cap · market cap 9.64%
Theoretical Best
Office A
$315.8K
$276.4K – $368.5K
NOI $22,109 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15024, PA
8,943
Population
3,975
Households
2.2
Avg Household Size
49
Median Age
44%
College-Educated
98%
High-School Grad
17.5 sq mi
ZIP Area
511
Density / Sq Mi
$85,625
Median Household Income
$55,786
Median Earnings
$1,078
Median Rent
$217,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial space in Cheswick with high traffic and off-street parking.
Where is this medical office space located?
The property is located at 1705 Pittsburgh St Cheswick, PA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Prime commercial space in the heart of Cheswick.; High‑traffic location with excellent visibility.; Versatile space suitable for various businesses (professional services, medical, retail, etc.).
