Corner-Lot Retail & Rental
For Sale
$2,000,000
200 Jefferson Road, Pittsburgh, PA 15235
SINGLE_FAMILY - Pittsburgh, PA
Property Size12,000 SF
Lot Size1.67 Acres
Price / SF$166.67
Days on Market354
Property Features for 200 Jefferson Road
General Information
Property type
Residential
Property subtype
Office
Zoning
COMM
Zoning description
COMM
Parking
50
Directions
Rodi Rd to R on Jefferson. Property on Corner
Subdivision
Penn Hills
Standard status
Active
Lot size
1.67 Acres
Taxes and HOA fees
Tax Annual Amount
34353
Building Details
Year built
2006
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(724) 864-2121
Listed By:
Dan Howell | Joel Peretic
(724) 864-2121
Added: Aug 28, 2025
Changed: Jun 30
Last Checked: Aug 16 at 10:06PM
MLS# 1718525
Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This portfolio includes a large retail building currently operating as Steel Goat on 200 Jefferson Road, plus an additional commercial building on 144 Jefferson and two single-family homes. The retail building is a concrete structure built in 2006 and features a loading dock, bathrooms, an event room, and an attached greenhouse. The property also offers skylights and LED lighting, along with high-efficiency furnaces. The additional commercial building contains two units and is reported as fully rented. The two single-family brick homes at 198 Jefferson and 111 Rodlin are also reported as fully rented. A 50-car parking lot is included.
The site is described as a high-visibility corner lot with street frontage on three sides. The property is located in a COMM-zoned area.
For tenants and investors, this configuration supports a mixed income approach across retail, commercial, and residential components within one controlled site. Existing improvements such as dedicated loading access for the retail building and onsite parking can help simplify operations across the different leased units, based on the current building setup described in the listing.
The site is described as a high-visibility corner lot with street frontage on three sides. The property is located in a COMM-zoned area.
For tenants and investors, this configuration supports a mixed income approach across retail, commercial, and residential components within one controlled site. Existing improvements such as dedicated loading access for the retail building and onsite parking can help simplify operations across the different leased units, based on the current building setup described in the listing.
Key Highlights
- 1.67‑acre high‑visibility corner lot with three sides of street frontage and a 50‑car parking lot
- Built in 2006: massive 12,000 SF concrete retail building currently Steel Goat (200 Jefferson)
- Steel Goat features over 100 vendors, loading dock, bathrooms, event room, and attached greenhouse
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
$117,180
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
5.86%
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%
$2,343,600
$2.3M
Cap Rate 7%
$1,674,000
$1.7M
Cap Rate 9%
$1,302,000
$1.3M
Market Conditions
NOI Build-Up for 12,000 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
$180.0K $15.00/SF
− Vacancy
−$12.6K −$1.05/SF
EGI
$167.4K $13.95/SF
− OpEx
−$50.2K −$4.19/SF
NOI
$117.2K $9.76/SF
Area
ZIP 15235
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,343,600
Cap Rate 7%
$1,674,000
Cap Rate 9%
$1,302,000
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.95M
NOI $117,180 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $112,266 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$3.82M
$3.34M – $4.46M
NOI $267,522 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
94k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Superstores 21%
Shops & Services 20%
Groceries 18%
McDonald's
Dining
21,318 visits/mo
0.3 miles
Big Lots
Superstores
19,888 visits/mo
0.2 miles
Aldi
Groceries
16,941 visits/mo
0.2 miles
Dollar Tree
Shops & Services
10,437 visits/mo
0.2 miles
Eat'n Park
Dining
8,815 visits/mo
0.3 miles
Demographics for 15235, PA
34,610
Population
16,942
Households
2
Avg Household Size
46
Median Age
36%
College-Educated
95%
High-School Grad
14.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$62,292
Median Household Income
$40,511
Median Earnings
$1,048
Median Rent
$132,800
Median Home Value
Market
Vacancy Rate% for Retail in Pittsburgh, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-building portfolio on a corner lot with extensive frontage, combining retail, additional commercial units, and leased homes.
Where is this retail space located?
The property is located at 200 Jefferson Road Pittsburgh, PA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 1.67‑acre high‑visibility corner lot with three sides of street frontage and a 50‑car parking lot; Built in 2006: massive 12,000 SF concrete retail building currently Steel Goat (200 Jefferson); Steel Goat features over 100 vendors, loading dock, bathrooms, event room, and attached greenhouse
