Flex Space with Pylon
For Sale
Contact for pricing
2905 Banksville Rd, Pittsburgh, PA 15216
Flex space with pylon sign, flat roof replaced in 2021, and HVAC units installed in 2023.
Property Size3,000 SF
Price / SF$191.67
Days on Market291
Property Features for 2905 Banksville Rd
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
20
Property subtype
RETAIL
Additional Details
Road Access
Yes
Amenities
pylon sign
Listing Agency:
SVN | Three Rivers Commercial Advisors
(412) 535-8050
Listed By:
Richard Beynon · License ##AB068671
(412) 298-2236
Source:
Moodyscre
Added: Nov 27, 2025
Changed: Sep 4
Last Checked: Sep 13 at 4:40AM
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 SVN | Three Rivers Commercial Advisors
Investment Insights
Based on property information with market context.
This flex space offers a versatile retail, office, warehouse, or flex-use layout with parking for 17-20 vehicles. Exterior features include a flat roof installed in 2021 and HVAC units installed in 2023, supporting year-round comfort and operational flexibility. A pylon sign is available to add roadside exposure.
The property is located on Banksville Rd in Pittsburgh, PA, with 165’ of frontage and 1 curb cut for site access. High visibility is supported by 26,750+ ADT on Banksville Rd.
The combination of flexible use configuration, on-site parking, and strong street visibility makes the property suitable for a tenant looking for a single location to support multiple operational needs.
The property is located on Banksville Rd in Pittsburgh, PA, with 165’ of frontage and 1 curb cut for site access. High visibility is supported by 26,750+ ADT on Banksville Rd.
The combination of flexible use configuration, on-site parking, and strong street visibility makes the property suitable for a tenant looking for a single location to support multiple operational needs.
Key Highlights
- 26,750+ ADT on Banksville Rd for strong visibility
- 165’ frontage on Banksville Rd with 1 curb cut
- Flat roof replaced in 2021
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
$20,575
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
3.58%
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%
$411,500
$411.5K
Cap Rate 7%
$293,929
$293.9K
Cap Rate 9%
$228,611
$228.6K
Market Conditions
NOI Build-Up for 3,000 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
$25.6K $8.52/SF
− Vacancy
−$1.4K −$0.45/SF
EGI
$24.2K $8.07/SF
− OpEx
−$3.6K −$1.21/SF
NOI
$20.6K $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%
$411,500
Cap Rate 7%
$293,929
Cap Rate 9%
$228,611
Alternative Uses
Best Use
Warehouse
$293.9K
$257.2K – $342.9K
NOI $20,575 @ 7.0% cap · market cap 3.58%
Second Best
Flex RnD
$251.4K
$220.0K – $293.3K
NOI $17,597 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$955.4K
$836.0K – $1.11M
NOI $66,881 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
598
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Pittsburgh, PA
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with pylon sign, flat roof replaced in 2021, and HVAC units installed in 2023.
Where is this flex space located?
The property is located at 2905 Banksville Rd Pittsburgh, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 26,750+ ADT on Banksville Rd for strong visibility; 165’ frontage on Banksville Rd with 1 curb cut; Flat roof replaced in 2021
