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    Flex Space Near Retail Terminal Title is generated by Realmo AI

    2949 Smallman St, Pittsburgh, PA

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    Flex space with office, dock access, and drive-in door.

    Type:INDUSTRIAL
    Property size:
    16,000 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $81/SF
    Added:
    Jul 17, 2025
    Days on Market:
    330
    Last Refresh:
    May 20 at 9:46 pm

    Property Features for 2949 Smallman St

    General Information

    Standard status
    Active
    Size
    16,000 SF
    Lot size
    0.06 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Bryan McCann
    Bryan McCann

    Listing agent Willis Croker

    Listing office Colliers | Pittsburgh

    Listing date Jul 17, 2025

    Source Moodyscre

    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 Colliers | Pittsburgh

    HighLights

    • Immediate occupancy due to vacancy.
    • Zoned RIV‑IMU, offering flexible usage possibilities.
    • Prime location accessible to bikers, pedestrians, and public transit.
    • Located less than a mile from the 160,000 SF Terminal retail space.
    • Combination of office space, dock access, and drive‑in door.
    • Integral dock access.

    Overview

    This 16,000 square foot property is zoned RIV-IMU and offers a combination of office space, integral dock access, and a drive-in door. The location is less than a mile from the 160,000 square foot open-space retail Terminal building, providing a prime location for bikers, pedestrians, and public transit users. The property at 2949 Smallman Street is currently vacant, offering immediate occupancy.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $136.3k $8.52
    − Vacancy −$7.2k −$0.45
    EGI $129.1k $8.07
    − OpEx −$19.4k −$1.21
    NOI $109.7k $6.86
    16,000 SF · lease $8.52/SF/yr · vacancy 5.30% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.57M
    $1.37M – $1.83M (±1% cap)
    NOI $109,731 @ 7.0% cap · market cap 8.44%
    Second Best
    Flex RnD
    $1.34M
    $1.17M – $1.56M (±1% cap)
    NOI $93,850 @ 7.0% cap · market cap 7.22%
    Theoretical Best
    Office A
    $5.10M
    $4.46M – $5.94M (±1% cap)
    NOI $356,696 @ 7.0% cap · market cap 27.44%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coordinated Financial Services Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Tambellini Event Catering — 11 Stanwix St, Pittsburgh, PA 15222
    • Hosting Hospitality Catering — 1819 Forbes Ave, Pittsburgh, PA 15219
    • PAIR Charcuterie — 201 Smithfield St, Pittsburgh, PA 15222
    • Shariff's Kitchen and Catering LLC — 239 Fourth Ave ste 1401 3775, Pittsburgh, PA 15222
    • Uptown Kitchen Catering — 1710 forbes ave suite 2, pittsburgh, pa 15219

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.974
    Latitude
    40.4595

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    FAQs

    What type of property is this?
    Flex space - Flex space with office, dock access, and drive-in door.
    Where is this flex space located?
    The property is located at 2949 Smallman St Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Immediate occupancy due to vacancy.; Zoned RIV‑IMU, offering flexible usage possibilities.; Prime location accessible to bikers, pedestrians, and public transit.
    (412) 321-4200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bryan McCann
    Bryan McCann
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