Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Building Details

Year Built 1972

Tenancy Single

Building Size 32,000 SF

Listing Agency: Totum Realty Advisors

Listed By: Michael Castle · License #PA AB068356 Show Phone

Source: Crexi

Added: Apr 12 Changed: Oct 9 Last Checked: Oct 14 at 7:47PM

Report an Issue

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 Totum Realty Advisors

Investment Insights

Based on property information with market context.

This warehouse property contains 32,000 SF of industrial space and was constructed in 1974. The building is fully occupied, providing an established operating profile for an industrial asset.

The property is located in RIDC Park in Pittsburgh, PA, within a Suburban Manufacturing District. Its classification and setting support warehouse, distribution, and broader industrial operations as described for the property.

Key Highlights

• 32,000 SF industrial warehouse
• Constructed in 1974
• Fully occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$219,462

Cap Rate

6.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,389,240 $4.4M

Cap Rate 7%

$3,135,171 $3.1M

Cap Rate 9%

$2,438,467 $2.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 32,000 SF

Gross rent

$272.6K $8.52/SF

− Vacancy

−$14.4K −$0.45/SF

EGI

$258.2K $8.07/SF

− OpEx

−$38.7K −$1.21/SF

NOI

$219.5K $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 Rate 5%

$4,389,240

Cap Rate 7%

$3,135,171

Cap Rate 9%

$2,438,467

Alternative Uses

Best Use

Warehouse

$3.14M

$2.74M – $3.66M (±1% cap)

NOI $219,462 @ 7.0% cap · market cap 6.01%

Second Best

Industrial

$2.58M

$2.26M – $3.01M (±1% cap)

NOI $180,733 @ 7.0% cap · market cap 4.95%

Theoretical Best

Office A

$10.19M

$8.92M – $11.89M (±1% cap)

NOI $713,392 @ 7.0% cap · market cap 19.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

A G Mauro Company Big Box & Wholesale Store

Suggested Use

Top Pick Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) Store Home Appliance Store Daycare Center Furniture & Home Goods

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

996

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 15238, PA

13,266

Population

6,001

Households

2.2

Avg Household Size

47

Median Age

75%

College-Educated

97%

High-School Grad

15.8 sq mi

ZIP Area

840

Density / Sq Mi

$124,904

Median Household Income

$78,510

Median Earnings

$1,189

Median Rent

$452,300

Median Home Value

Market

Vacancy Rate% for Industrial in Pittsburgh, PA

6.6% 2019

6.6% 2020

6.3% 2021

4.9% 2022

5.3% 2023

6% 2024

6.5% 2025

Similar For Sale Nearby

See more

Automotive Service and Warehouse Facility

12827 Frankstown Rd, Pittsburgh, PA 15235

$1,380,000

33,048 SF

View details

Clear-Span Industrial Warehouse with Office

841 Old Frankstown Road, Pittsburgh, PA 15239

$1,950,000

24,384 SF

View details

Adaptable Flex Space Opportunity

850 Poplar St |, Pittsburgh, PA 15220

$2,950,000

View details

East End Warehouse For Sale

6640 Frankstown Ave, Pittsburgh, PA 15206

$2,950,000

67,449 SF

View details

Fully Sprinklered Industrial Flex Building

6301 Butler Street, Pittsburgh, PA 15201

$5,500,000

View details

Flex Space with Drive-In Loading

3649 Mintwood St, Pittsburgh, PA 15201

Contact for pricing

33,682 SF

View details

One-Story Industrial Warehouse with Yard

2150 Roswell Dr, Pittsburgh, PA 15205

Contact for pricing

40,000 SF

View details

Temperature-Controlled Industrial Facility For Sale

111 Terence Dr, Pittsburgh, PA 15236

Contact for pricing

40,000 SF

View details

Two-Property Self Storage Portfolio

311 Camp Horne Rd, Pittsburgh, PA 15202

$1,500,000

13,172 SF

View details

Strip District Flex Warehouse

3220-3232 Penn Avenue, Pittsburgh, PA 15201

Contact for pricing

24,000 SF

View details

Flex Building With Warehouse

1101 Bingham St, Pittsburgh, PA 15203

Contact for pricing

49,889 SF

View details

Distribution Warehouse with Dock Loading

450 Butler St, Pittsburgh, PA 15223

Contact for pricing

20,000 SF

View details

Similar Off Market Nearby

• Guardian Storage Fox Chapel — 1390 Old Freeport Rd, Pittsburgh, PA 15238
• The Wilson Group — 147 Delta Dr, Pittsburgh, PA 15238

Frequently Asked Questions

What type of property is this?

Warehouse - Fully occupied warehouse positioned within RIDC Park’s Suburban Manufacturing District.

Where is this warehouse located?

The property is located at 310 Alpha Drive Pittsburgh, PA.

What is the asking price?

The asking price for this property is $3,650,000.

What are key features of this property?

This property features: 32,000 SF industrial warehouse; Constructed in 1974; Fully occupied