Warehouse with Drive-In
For Sale
Contact for pricing
Pending
2750-2760 2734 2780 & 0 Banksville Avenue, Pittsburgh, PA 15216
Heated warehouse with multiple access points, loading capability, and rear land under separate Parks District zoning.
Property Size5,390 SF
Days on Market196
Property Features for 2750-2760 2734 2780 & 0 Banksville Avenue
General Information
Standard status
Pending
Size
5,390 SF
Total Parking Spaces
6
Property subtype
Industrial, Mixed Use
Zoning
NDI & Parks District
Building Details
Buildings
1
Stories
1
Listing Agency:
Compass Real Estate
Listed By:
CHRISTIAN WILHELM · License #RS324287
(412) 651-3357
Source:
Crexi
Added: Feb 19
Changed: Sep 2
Last Checked: Sep 1 at 3:13AM
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 Compass Real Estate
Investment Insights
Based on property information with market context.
This 5,390-square-foot warehouse at 2750-2760, 2734, 2780 & 0 Banksville Avenue includes multiple access configurations for equipment, vehicles, and loading. A drive-in door serves the left side, while the right side has a 14-foot overhead garage door, an existing loading dock, and the potential for a ramp to add another drive-in entrance. Two Resnor-style gas heaters provide building heat. The roof requires replacement, allowing the next owner to address that improvement as part of its plans.
The building is located in Pittsburgh within the NDI (Neighborhood Industrial District) zoning district. The sale also includes rear land designated Parks District, intended primarily for open-space and park or recreational uses. The NDI district supports a range of neighborhood-compatible commercial and industrial uses, while buyers should confirm permitted uses with the City of Pittsburgh. The property can accommodate warehouse, contractor, service-oriented, light industrial, flex, recreational, and specialty automotive concepts subject to zoning compliance.
The building is located in Pittsburgh within the NDI (Neighborhood Industrial District) zoning district. The sale also includes rear land designated Parks District, intended primarily for open-space and park or recreational uses. The NDI district supports a range of neighborhood-compatible commercial and industrial uses, while buyers should confirm permitted uses with the City of Pittsburgh. The property can accommodate warehouse, contractor, service-oriented, light industrial, flex, recreational, and specialty automotive concepts subject to zoning compliance.
Key Highlights
- 5,390‑square‑foot warehouse at 2750‑2760, 2734, 2780 & 0 Banksville Avenue
- NDI (Neighborhood Industrial District) zoning
- 14‑foot overhead garage door with existing loading dock
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
$36,966
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
8.21%
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%
$739,320
$739.3K
Cap Rate 7%
$528,086
$528.1K
Cap Rate 9%
$410,733
$410.7K
Market Conditions
NOI Build-Up for 5,390 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
$45.9K $8.52/SF
− Vacancy
−$2.4K −$0.45/SF
EGI
$43.5K $8.07/SF
− OpEx
−$6.5K −$1.21/SF
NOI
$37.0K $6.86/SF
Area
Pittsburgh, PA
Vacancy
5.30%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
15.00%
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%
$739,320
Cap Rate 7%
$528,086
Cap Rate 9%
$410,733
Alternative Uses
Best Use
Warehouse
$528.1K
$462.1K – $616.1K
NOI $36,966 @ 7.0% cap · market cap 8.21%
Second Best
Flex RnD
$451.7K
$395.2K – $526.9K
NOI $31,616 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,162 @ 7.0% cap · market cap 26.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15216, PA
22,966
Population
11,194
Households
2.1
Avg Household Size
38
Median Age
47%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
6,755
Density / Sq Mi
$81,542
Median Household Income
$48,674
Median Earnings
$1,078
Median Rent
$193,700
Median Home Value
Market
Vacancy Rate% for Industrial in Pittsburgh, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Heated warehouse with multiple access points, loading capability, and rear land under separate Parks District zoning.
Where is this warehouse located?
The property is located at 2750-2760 2734 2780 & 0 Banksville Avenue Pittsburgh, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 5,390‑square‑foot warehouse at 2750‑2760, 2734, 2780 & 0 Banksville Avenue; NDI (Neighborhood Industrial District) zoning; 14‑foot overhead garage door with existing loading dock
