Single-Story Medical Office with
3412-3414 Babcock Boulevard Pittsburgh, PA 15237
3412-3414 Babcock Boulevard, Pittsburgh, PA, 15237
$1,893,000
For Sale
$1,893,000
Vacant, single-story medical office with adjacent storage, totaling 11,627 SF, offered as fee simple.
Property Size11,627 SF
Price / SF$162.81
Days on Market28
Property Features for 3412-3414 Babcock Boulevard
General Information
- Standard status
- Active
- Size
- 11,627 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing agency
(814) 532-6186
Listed by
Perry Russ · License #PA #RM425579
Source
Zamias
Added: Jun 25 Updated: Jul 20 at 7:12PM Checked: Jul 21 at 6:58AM
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 Perry Russ
Investment Insights
Based on property information with market context.
Zamias Services Inc and SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest in a vacant, single-story medical office property with an adjacent storage building. The combined offering features 11,627 SF and is configured to support office use alongside nearby storage space.
The property is located at 3412–3414 Babcock Boulevard in Pittsburgh, Pennsylvania. It is zoned C-2, Community Commercial, allowing for a wide range of commercial uses consistent with the district.
This is a straightforward acquisition for buyers seeking a combined medical office and storage configuration in a C-2 commercial zoning district.
The property is located at 3412–3414 Babcock Boulevard in Pittsburgh, Pennsylvania. It is zoned C-2, Community Commercial, allowing for a wide range of commercial uses consistent with the district.
This is a straightforward acquisition for buyers seeking a combined medical office and storage configuration in a C-2 commercial zoning district.
Key Highlights
- Fee simple opportunity: vacant, single‑story medical office with adjacent storage
- Total size of 11,627 SF
- Built in 2008
Local Financial Insights For Office B
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 | $262.3k | $22.56 |
| − Vacancy | −$64.3k | −$5.53 |
| EGI | $198.0k | $17.03 |
| − OpEx | −$49.5k | −$4.26 |
| NOI | $148.5k | $12.77 |
11,627 SF · lease $22.56/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.12M
$1.86M – $2.48M
NOI $148,530 @ 7.0% cap · market cap 7.85%
Second Best
Warehouse
$2.01M
$1.75M – $2.34M
NOI $140,387 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$3.70M
$3.24M – $4.32M
NOI $259,207 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - Vacant, single-story medical office with adjacent storage, totaling 11,627 SF, offered as fee simple.
Where is this medical office space located?
The property is located at 3412-3414 Babcock Boulevard Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,893,000.
What are key features of this property?
This property features: Fee simple opportunity: vacant, single‑story medical office with adjacent storage; Total size of 11,627 SF; Built in 2008
