Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2554 Smallman St #307 Pgh, PA 15222

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,800 /Mo

    Turnkey 2-bedroom condo in Pittsburgh's vibrant Strip District.

    Property Features for 2554 Smallman St #307

    General Information

    Interior features
    Interior Feature 1, : "Electric", "Interior Feature 2": "Forced Air", "Interior Feature 3": "Some Electric Appliances", "Interior Feature 4": "Dryer", "Interior Feature 5": "Dishwasher", "Interior Feature 6": "Disposal", "Interior Feature 7": "Microwave", "Interior Feature 8": "Refrigerator", "Interior Feature 9": "Stove", "Interior Feature 10": "Washer"

    Building Details

    Year built
    2021

    We can help!

    Listing Contact
    LLC
    Source: Kw

    Listing Agency: COMPASS PENNSYLVANIA Listing Agent: LLC

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Furnished Condo in Strip District

    Located at 2554 Smallman Street, Unit 307, this fully furnished, move-in ready condominium offers a sophisticated urban lifestyle in Pittsburgh's Strip District. This 2-bedroom, 2-bathroom residence is situated in a high-end boutique building. The modern, turnkey unit spans 1,200 square feet and features a smart design and chic decor. Floor-to-ceiling windows accentuate the open-concept layout, filling the space with natural light. The residence includes top-notch fixtures and finishes, custom window treatments for privacy, and high-end appliances. Two dedicated parking spots are provided in the building's secure garage. The unit is available for a yearly lease, with no pets or smoking allowed. The tenant is responsible for electric, cable, and internet expenses.
    Location Intelligence

    Current Use by Public Records

    2554 Smallman Condominium Complex Greenwich Builders And Contractors General Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9909
    Latitude
    40.4481

    Nearby Similar for Lease

    • $915,000

      Downtown Office Space Available

      Spacious downtown office suite with offices, conference rooms, and kitchen.
      710 Downtown, Pgh, PA 15219
      View Details
    • $14,835 /Mo
      14,401 SF

      Downtown Pittsburgh Retail/Event Space

      Versatile 8,000+ SF space in the heart of Downtown Pittsburgh.
      235-239 4Th Ave, Pgh, PA 15222
      View Details
    • Contact for pricing
      2,043 SF

      Downtown Space for Fitness/Entertainment

      Versatile space suitable for fitness, entertainment, or office use.
      219 4Th Ave, Pgh, PA 15222
      View Details
    • $1,932 /Mo
      13,800 SF

      Downtown Pittsburgh Office Space

      Office suite in historic building, prime downtown location.
      355 Downtown, Pgh, PA 15222
      View Details
    • $8,000 /Mo
      13,800 SF

      Downtown Pittsburgh Retail Opportunity

      Prime ground floor retail space in downtown Pittsburgh.
      355 Downtown, Pgh, PA 15222
      View Details
    • $9,000 /Mo
      13,800 SF

      Downtown Pittsburgh Retail Opportunity

      Highly visible corner retail space in Downtown Pittsburgh.
      355 Downtown, Pgh, PA 15222
      View Details

    FAQs

    What type of property is this?
    Apartment building - Turnkey 2-bedroom condo in Pittsburgh's vibrant Strip District.
    Where is this apartment building located?
    The property is located at 2554 Smallman St #307 Pgh, PA.
    What are key features of this property?
    This property features: - Fully furnished and move-in ready 2-bedroom, 2-bathroom condominium.; - Located in the vibrant Strip District of Pittsburgh.; - Modern, open-concept layout with floor-to-ceiling windows.
    Request Owner's contact information
    2554 Smallman St #307 Pgh, PA 15222
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2554 Smallman St #307
    Pgh, PA 15222
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2554 Smallman St #307 Pgh, PA 15222
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    LLC
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.