Pittsburgh CollisionRight Investment
For Sale
Contact for pricing
3015 Liberty Ave, Pittsburgh, PA 15201
9,500 SF NN+ property with 2.5% annual rent escalations.
Property Size9,500 SF
Price / SF$356.32
Days on Market195
Property Features for 3015 Liberty Ave
General Information
Standard status
Active
Size
9,500 SF
Property subtype
Retail
Zoning
Industrial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$253,877
Building Details
Year Built
1991
Buildings
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Beryl Grant · License #TN
Source:
Crexi
Added: Jan 28
Changed: Aug 8
Last Checked: Aug 8 at 2:41PM
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 Matthews
Investment Insights
Based on property information with market context.
Located in Downtown Pittsburgh, 3015 LIBERTY AVE is a 9,500 SF property anchored by CollisionRight. This purpose-built collision facility features a specialized build-out. The lease is structured as NN+ with 2.5% annual rent escalations. The property benefits from high visibility and strong daily traffic exposure. The surrounding area shows promising growth trends, with a rapidly expanding tenant backed by private equity. Over 520 new residential units are planned nearby, further solidifying the property's strategic position in a high-demand market. The property offers limited landlord responsibilities and a strong tenant base.
Key Highlights
- CollisionRight anchors the property, backed by private equity.
- NN+ lease structure with attractive 2.5% annual rent escalations.
- Located in Downtown Pittsburgh, offering high visibility and strong daily traffic exposure.
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
$110,723
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
3.27%
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%
$2,214,460
$2.2M
Cap Rate 7%
$1,581,757
$1.6M
Cap Rate 9%
$1,230,256
$1.2M
Market Conditions
NOI Build-Up for 9,500 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
$171.0K $18.00/SF
− Vacancy
−$12.8K −$1.35/SF
EGI
$158.2K $16.65/SF
− OpEx
−$47.5K −$5.00/SF
NOI
$110.7K $11.66/SF
Area
Pittsburgh, PA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,214,460
Cap Rate 7%
$1,581,757
Cap Rate 9%
$1,230,256
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.85M
NOI $110,723 @ 7.0% cap · market cap 3.27%
Second Best
Industrial
$766.5K
$670.7K – $894.3K
NOI $53,655 @ 7.0% cap · market cap 1.59%
Theoretical Best
Office A
$3.03M
$2.65M – $3.53M
NOI $211,788 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,584
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15201, PA
12,802
Population
7,970
Households
1.6
Avg Household Size
36
Median Age
64%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
6,738
Density / Sq Mi
$86,049
Median Household Income
$59,987
Median Earnings
$1,538
Median Rent
$257,300
Median Home Value
Market
Vacancy Rate% for Retail in Pittsburgh, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - 9,500 SF NN+ property with 2.5% annual rent escalations.
Where is this auto shop located?
The property is located at 3015 Liberty Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $3,385,027.
What are key features of this property?
This property features: CollisionRight anchors the property, backed by private equity.; NN+ lease structure with attractive 2.5% annual rent escalations.; Located in Downtown Pittsburgh, offering high visibility and strong daily traffic exposure.
