Renovated Restaurant and
For Sale
$1,100,000
312 Center Rd, Monroeville, PA 15146
CommercialSale, Monroeville, PA
Property Size7,500 SF
Lot Size0.67 Acres
Price / SF$146.67
Days on Market306
Property Features for 312 Center Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Com
Zoning description
Com
Parking
60
Directions
Rt. 48N to L on Old Haymaker to right on center to property on the right.
Subdivision
Monroeville
Standard status
Active
Lot size
0.67 Acres
Taxes and HOA fees
Tax Annual Amount
26457
Building Details
Year built
1968
Listing Agency:
CENTURY 21 FAIRWAYS REAL ESTATE · Century 21 Real Estate
(724) 864-5916
Listed By:
Susan Gill · License #RM423921
(724) 864-5916
Added: Oct 29, 2025
Changed: Aug 26
Last Checked: Aug 30 at 3:06AM
MLS# 1727675
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 restaurant property combines a brewery operation with a substantial food-service layout and has been renovated within the past three years. The approximately 7,500-square-foot building accommodates 180 seats and includes a commercial kitchen, bar fixtures, furniture, and other equipment conveyed with the sale. Brewing equipment is also included, supporting the property’s integrated restaurant and brewery format.
The property is situated in Monroeville, PA, within the Monroeville Metro market. Access to Route 22, Parkway East, and the Pennsylvania Turnpike is available within minutes. The site encompasses 0.67 acres and carries Com zoning. Originally built in 1968, the improvements combine the existing building with recent renovation work and specialized food-and-beverage infrastructure.
The property is situated in Monroeville, PA, within the Monroeville Metro market. Access to Route 22, Parkway East, and the Pennsylvania Turnpike is available within minutes. The site encompasses 0.67 acres and carries Com zoning. Originally built in 1968, the improvements combine the existing building with recent renovation work and specialized food-and-beverage infrastructure.
Key Highlights
- Approximately 7,500 square feet with seating for 180
- Restaurant and brewery configuration with commercial kitchen
- Brewing equipment included in the sale
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
$74,385
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
6.76%
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%
$1,487,700
$1.5M
Cap Rate 7%
$1,062,643
$1.1M
Cap Rate 9%
$826,500
$826.5K
Market Conditions
NOI Build-Up for 7,500 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
$104.4K $13.92/SF
− Vacancy
−$5.2K −$0.70/SF
EGI
$99.2K $13.22/SF
− OpEx
−$24.8K −$3.31/SF
NOI
$74.4K $9.92/SF
Area
Allegheny County, PA
Vacancy
5.00%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
25.00%
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%
$1,487,700
Cap Rate 7%
$1,062,643
Cap Rate 9%
$826,500
Alternative Uses
Best Use
Specialty Retail
$1.06M
$929.8K – $1.24M
NOI $74,385 @ 7.0% cap · market cap 6.76%
Second Best
Industrial
$571.6K
$500.2K – $666.9K
NOI $40,013 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,726 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15146, PA
28,672
Population
13,508
Households
2.1
Avg Household Size
46
Median Age
46%
College-Educated
97%
High-School Grad
19.6 sq mi
ZIP Area
1,463
Density / Sq Mi
$78,295
Median Household Income
$48,073
Median Earnings
$1,163
Median Rent
$197,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with brewing and commercial kitchen improvements.
Where is this conventional restaurant located?
The property is located at 312 Center Rd Monroeville, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 7,500 square feet with seating for 180; Restaurant and brewery configuration with commercial kitchen; Brewing equipment included in the sale
