Flex Space Near Retail
2949 Smallman St Pittsburgh, PA
2949 Smallman St, Pittsburgh, PA, 00000
Contact for pricing
For Sale
Contact for pricing
Flex space with office, dock access, and drive-in door.
Property Size16,000 SF
Lot Size0.06 Acres
Price / SF$81.25
Days on Market365
Property Features for 2949 Smallman St
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Lot size
- 0.06 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Colliers | Pittsburgh
(412) 496-1100
Listed by
Willis Croker
(724) 771-7898
Source
Moodyscre
Added: Jul 17, 2025 Checked: Jul 16 at 4:51 am
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Immediate occupancy due to vacancy.
- Zoned RIV‑IMU, offering flexible usage possibilities.
- Prime location accessible to bikers, pedestrians, and public transit.
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
NOI $109,731 @ 7.0% cap · market cap 8.44%
Second Best
Flex RnD
$1.34M
$1.17M – $1.56M
NOI $93,850 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$5.10M
$4.46M – $5.94M
NOI $356,696 @ 7.0% cap · market cap 27.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Coordinated Financial Services
Insurance Agency
Similar For Sale Nearby
Similar Off Market 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
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.
