Mixed-Use Property with Office
213-217 Freeport Rd, Pittsburgh, PA 15238
For Sale
$800,000
The two-building offering pairs a multi-level office with a retail-configured property and an upstairs apartment.
Property Size2,400 SF
Price / SF$333.33
Days on Market191
Property Features for 213-217 Freeport Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Mixed-Use Components
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Stories
Listing Agency:
HOWARD HANNA LANGHOLZ WILSON ELLIS
Listed By:
Jay Phoebe · License PA RS195720L
(412) 261-2200
Source:
Indianlakerealty
Added: May 5
Changed: Nov 11
Last Checked: Nov 11 at 2:03AM
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 HOWARD HANNA LANGHOLZ WILSON ELLIS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Offered together, the two buildings include a three-story office property with approximately 2,400 GSF. Its layout provides three private offices, a conference room, a reception area, a kitchenette, and an open third-floor area; basement storage is also present. The second building is arranged for retail use and includes a one-bedroom, one-bathroom apartment on the upper floor. A portion is occupied under a month-to-month lease. The property dates to 1900 and is zoned C-1.
There are 15 vehicle parking spaces behind the buildings. Access to Route 28 is available, with Aspinwall and Oakmont identified as nearby communities.
There are 15 vehicle parking spaces behind the buildings. Access to Route 28 is available, with Aspinwall and Oakmont identified as nearby communities.
Key Highlights
- Two buildings offered together, with office and retail configurations
- Three‑story office building with approximately 2,400 GSF
- Office layout includes 3 private offices, a conference room, reception area, kitchenette, and third‑floor open area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,659
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,180
$613.2K
Cap Rate 7%
$437,986
$438.0K
Cap Rate 9%
$340,656
$340.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$54.1K $22.56/SF
− Vacancy
−$13.3K −$5.53/SF
EGI
$40.9K $17.03/SF
− OpEx
−$10.2K −$4.26/SF
NOI
$30.7K $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%
$613,180
Cap Rate 7%
$437,986
Cap Rate 9%
$340,656
Alternative Uses
Best Use
Office B
$438.0K
$383.2K – $511.0K
NOI $30,659 @ 7.0% cap · market cap 3.83%
Second Best
Retail
$399.6K
$349.7K – $466.2K
NOI $27,972 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$764.3K
$668.8K – $891.7K
NOI $53,504 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 15238, PA
13,266
Population
6,001
Households
2.2
Avg Household Size
47
Median Age
75%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
840
Density / Sq Mi
$124,904
Median Household Income
$78,510
Median Earnings
$1,189
Median Rent
$452,300
Median Home Value
Market
Properties on Market for Mixed-use properties in Pittsburgh
Vacancy Rate% for Office in Pittsburgh, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - The two-building offering pairs a multi-level office with a retail-configured property and an upstairs apartment.
Where is this mixed-use property located?
The property is located at 213-217 Freeport Rd Pittsburgh, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two buildings offered together, with office and retail configurations; Three‑story office building with approximately 2,400 GSF; Office layout includes 3 private offices, a conference room, reception area, kitchenette, and third‑floor open area
