Medical Office
230 N Craig St, Pittsburgh, PA 15213
For Sale
Contact for pricing
A reception area and private office create a practical layout for professional services.
Property Size630 SF
Price / SF$2.06
Days on Market106
Property Features for 230 N Craig St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Listing Agency:
CARLSON & ASSOCIATES, INC.
Listed By:
Rachel Brown
(412) 431-1718
Source:
Indianlakerealty
Added: Jul 30
Changed: Nov 11
Last Checked: Nov 11 at 10:30PM
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 CARLSON & ASSOCIATES, INC.
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Investment Insights
Based on property information with market context.
This medical office suite contains approximately 630 square feet, arranged with a reception area and a private office. The space is located at 230 N Craig St in Pittsburgh and is zoned RM-VH.
UPMC, the University of Pittsburgh, Carnegie Mellon University, and other medical offices are identified as nearby destinations. The suite is suited to professional office use, including healthcare services.
UPMC, the University of Pittsburgh, Carnegie Mellon University, and other medical offices are identified as nearby destinations. The suite is suited to professional office use, including healthcare services.
Key Highlights
- Approximately 630 SF with reception area and private office
- RM‑VH zoning
- At 230 N Craig St in Pittsburgh, near UPMC, the University of Pittsburgh, Carnegie Mellon University, and medical offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,634
Suggested Prices Based on Cap Rates
Cap Rate 5%
$152,680
$152.7K
Cap Rate 7%
$109,057
$109.1K
Cap Rate 9%
$84,822
$84.8K
Market Conditions
NOI Build-Up for 630 SF
Gross rent
$13.6K $21.60/SF
− Vacancy
−$885 −$1.40/SF
EGI
$12.7K $20.20/SF
− OpEx
−$5.1K −$8.08/SF
NOI
$7.6K $12.12/SF
Area
Pittsburgh, PA
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$152,680
Cap Rate 7%
$109,057
Cap Rate 9%
$84,822
Alternative Uses
Best Use
Office B
$115.0K
$100.6K – $134.1K
NOI $8,048 @ 7.0% cap
Second Best
Healthcare Medical
$109.1K
$95.4K – $127.2K
NOI $7,634 @ 7.0% cap
Theoretical Best
Office A
$200.6K
$175.6K – $234.1K
NOI $14,045 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,573
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 15213, PA
31,075
Population
11,349
Households
2.7
Avg Household Size
25
Median Age
64%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
12,948
Density / Sq Mi
$31,330
Median Household Income
$6,795
Median Earnings
$1,243
Median Rent
$247,500
Median Home Value
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Market
Properties on Market for Medical Office Space in Pittsburgh
Vacancy Rate% for Office in Pittsburgh, PA
Similar Off Market Nearby
- Vetovich Stephen J — 200 lothrop st # b208, pittsburgh, pa 15213
- Cat Clinic and Hospital — 5170 Liberty Ave, Pittsburgh, PA 15224
- PetVet365 Pet Hospital Pittsburgh/Shadyside at the Junction — 5247 Liberty Ave Unit 202, Pittsburgh, PA 15224
Frequently Asked Questions
What type of property is this?
Medical Office Space - A reception area and private office create a practical layout for professional services.
Where is this medical office space located?
The property is located at 230 N Craig St Pittsburgh, PA.
What are key features of this property?
This property features: Approximately 630 SF with reception area and private office; RM‑VH zoning; At 230 N Craig St in Pittsburgh, near UPMC, the University of Pittsburgh, Carnegie Mellon University, and medical offices
