Single-Story Medical Office with
For Sale
$1,893,000
3412-3414 Babcock Boulevard, Pittsburgh, PA 15237
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 Market121
Property Features for 3412-3414 Babcock Boulevard
General Information
Standard status
Active
Size
11,627 SF
Class
B
Property subtype
Office
Zoning
C-2
Building Details
Building Size
11,627 SF
Year Built
2008
Stories
1
Listed By:
Perry Russ · License #PA #RM425579
(814) 532-6186
Source:
Zamias
Added: Jun 25
Changed: Oct 4
Last Checked: Oct 20 at 6:01PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,530
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,970,600
$3.0M
Cap Rate 7%
$2,121,857
$2.1M
Cap Rate 9%
$1,650,333
$1.7M
Market Conditions
NOI Build-Up for 11,627 SF
Gross rent
$262.3K $22.56/SF
− Vacancy
−$64.3K −$5.53/SF
EGI
$198.0K $17.03/SF
− OpEx
−$49.5K −$4.26/SF
NOI
$148.5K $12.77/SF
Area
ZIP 15237
Vacancy
24.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,970,600
Cap Rate 7%
$2,121,857
Cap Rate 9%
$1,650,333
Alternative Uses
Best Use
Office B
$2.12M
$1.86M – $2.48M
NOI $148,530 @ 7.0% cap · market cap 7.85%
Second Best
Healthcare Medical
$1.99M
$1.74M – $2.32M
NOI $139,384 @ 7.0% cap · market cap 7.36%
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 15237, PA
45,670
Population
19,332
Households
2.4
Avg Household Size
43
Median Age
58%
College-Educated
97%
High-School Grad
24.1 sq mi
ZIP Area
1,895
Density / Sq Mi
$108,538
Median Household Income
$64,006
Median Earnings
$1,327
Median Rent
$306,900
Median Home Value
Market
Vacancy Rate% for Office in Pittsburgh, PA
Similar Off Market Nearby
- Allegheny North Veterinary Hospital — 954 Perry Hwy, Pittsburgh, PA 15237
- Allegheny North Veterinary: Lisa A Macom DVM — 954 Perry Hwy, Pittsburgh, PA 15237
- Steel City Canine Rehabilitation & Sports Medicine — 998 Perry Hwy, Pittsburgh, PA 15237
- PETVET365 — 7372 McKnight Rd, Pittsburgh, PA 15237
- PetVet365 Pet Hospital Pittsburgh/Ross Park — 7372A McKnight Rd, Pittsburgh, PA 15237
Frequently Asked Questions
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
