Building Details

Building materials Brick, Frame

Listing Agency: KELLER WILLIAMS REALTY c***@kw.com Show Phone

Listed By: Duane Palmieri · License #RS 274783 Show Phone

Added: Jul 20 Changed: Oct 8 Last Checked: Oct 10 at 12:06PM

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MLS# 1765537

Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This brick-and-frame office property contains approximately 4,000 square feet, with about 2,000 square feet on each of its two levels. The main floor has a reception area, four private offices, a kitchenette, powder room, supply room, and storage. Upstairs are two conference rooms, two to three office spaces, another powder room, and storage. Two stairways provide access between floors and support a potential division into separate office suites. Commercial zoning is designated as Comm.

The property is near the business district, with bus and trolley service nearby. Parking includes a rear lot and a two-car garage, with metered street spaces in the vicinity. The main roof was replaced in 2024, covering the shingle roof on the original structure and the rear flat rubber roofing. Sewer work completed in January 2026 included a new house trap and a liner connecting it to the main sewer line.

Key Highlights

• Approximately 4,000 square feet across two levels, with approximately 2,000 square feet per floor
• Two stairways provide access between floors and allow for a potential two‑suite configuration
• Main floor includes reception, four private offices, kitchenette, powder room, supply room, and storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,291

Cap Rate

4.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$365,820 $365.8K

Cap Rate 7%

$261,300 $261.3K

Cap Rate 9%

$203,233 $203.2K

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$32.6K $8.16/SF

− Vacancy

−$2.2K −$0.54/SF

EGI

$30.5K $7.62/SF

− OpEx

−$12.2K −$3.05/SF

NOI

$18.3K $4.57/SF

Area

Allegheny County, PA

Vacancy

6.60%

Lease Rate

$8.16 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$365,820

Cap Rate 7%

$261,300

Cap Rate 9%

$203,233

Alternative Uses

Best Use

Office B

$730.0K

$638.7K – $851.6K (±1% cap)

NOI $51,098 @ 7.0% cap · market cap 12.94%

Second Best

Healthcare Medical

$261.3K

$228.6K – $304.9K (±1% cap)

NOI $18,291 @ 7.0% cap · market cap 4.63%

Theoretical Best

Office A

$1.02M

$891.5K – $1.19M (±1% cap)

NOI $71,320 @ 7.0% cap · market cap 18.06%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Food Market Grocery & Convenience Store Daycare Center Building Supply Electrical Service Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,004

Businesses Nearby

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 Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office building - Reception, private offices, conference rooms, and support areas are arranged across two floors.

Where is this office building located?

The property is located at 2987 W Liberty Ave Dormont, PA.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: Approximately 4,000 square feet across two levels, with approximately 2,000 square feet per floor; Two stairways provide access between floors and allow for a potential two‑suite configuration; Main floor includes reception, four private offices, kitchenette, powder room, supply room, and storage