Medical Office Building with Flexible
New
For Sale
$750,000
206 Monroe St, Monroeville, PA 15146
Planned vacant delivery supports a flexible configuration for medical, office, educational, or community-oriented uses.
Property Size4,268 SF
Days on Market2
Property Features for 206 Monroe St
General Information
Standard status
Active
Size
4,268 SF
Class
B
Property subtype
Office - Medical Office
Additional Details
Highway Access
Yes
Building Details
Building Size
4,268 SF
Year Built
1930
Units
1
Listing Agency:
Totum Realty Advisors
(412) 745-5000
Listed By:
Kevin J. Riley · License #424147
Source:
Commercialcafe
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 3:41AM
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 Totum Realty Advisors
Investment Insights
Based on property information with market context.
This medical office property is scheduled for vacant delivery and offers a flexible interior arrangement for a range of commercial applications. The building was constructed in 1930 and formerly operated as a daycare, with the existing layout described as suitable for medical, office, educational, and community-oriented uses.
The property is located in Monroeville, approximately 12 miles east of Downtown Pittsburgh. Regional access includes the Pennsylvania Turnpike, I-376, and U.S. Route 22, with nearby healthcare, retail, business, and major-employer destinations contributing to the surrounding commercial context.
The property is located in Monroeville, approximately 12 miles east of Downtown Pittsburgh. Regional access includes the Pennsylvania Turnpike, I-376, and U.S. Route 22, with nearby healthcare, retail, business, and major-employer destinations contributing to the surrounding commercial context.
Key Highlights
- Planned vacant delivery for a flexible commercial property
- Approximately 12 miles east of Downtown Pittsburgh
- Access to the Pennsylvania Turnpike (I‑76), I‑376, and U.S. Route 22
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
$54,522
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
7.27%
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%
$1,090,440
$1.1M
Cap Rate 7%
$778,886
$778.9K
Cap Rate 9%
$605,800
$605.8K
Market Conditions
NOI Build-Up for 4,268 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
$96.3K $22.56/SF
− Vacancy
−$23.6K −$5.53/SF
EGI
$72.7K $17.03/SF
− OpEx
−$18.2K −$4.26/SF
NOI
$54.5K $12.77/SF
Area
Allegheny County, 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 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%
$1,090,440
Cap Rate 7%
$778,886
Cap Rate 9%
$605,800
Alternative Uses
Best Use
Office B
$778.9K
$681.5K – $908.7K
NOI $54,522 @ 7.0% cap · market cap 7.27%
Second Best
Healthcare Medical
$278.8K
$244.0K – $325.3K
NOI $19,517 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$1.09M
$951.2K – $1.27M
NOI $76,099 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,387
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Monroeville Pet Hospital (Jana Oster, DVM) — 232 Center Rd, Monroeville, PA 15146
- Petco Vaccination Clinic — 2723 Stroschein Rd, Monroeville, PA 15146
- Banfield Pet Hospital — 3820 William Penn Hwy, Monroeville, PA 15146
- Avets — 2674 Monroeville Blvd, Monroeville, PA 15146
Frequently Asked Questions
What type of property is this?
Medical Office Space - Planned vacant delivery supports a flexible configuration for medical, office, educational, or community-oriented uses.
Where is this medical office space located?
The property is located at 206 Monroe St Monroeville, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Planned vacant delivery for a flexible commercial property; Approximately 12 miles east of Downtown Pittsburgh; Access to the Pennsylvania Turnpike (I‑76), I‑376, and U.S. Route 22
