Versatile Warehouse/Showroom
For Sale
Contact for pricing
3600 Liberty Ave, Pittsburgh, PA
12,710 SF warehouse/showroom in Pittsburgh.
Property Size12,710 SF
Lot Size0.35 Acres
Price / SF$130
Days on Market372
Property Features for 3600 Liberty Ave
General Information
Standard status
Active
Size
12,710 SF
Lot size
0.35 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Pennsylvania Commercial Real Estate, Inc.
(412) 760-9999
Listed By:
Bob Cornell · License #AB041069A
(412) 760-9999
Source:
Moodyscre
Added: Aug 7, 2025
Changed: Jul 6
Last Checked: Aug 12 at 7:26AM
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 Pennsylvania Commercial Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 12,710 square foot building features 9,700 square feet of warehouse space and 3,010 square feet of showroom/office space. The property is zoned UI (Urban Industrial), allowing for versatile use. The warehouse area has an 18-foot ceiling height and includes two dock doors and one drive-in door. Ideally suited for storage and showroom purposes, the property benefits from a strategic location in Pittsburgh.
Key Highlights
- 12,710 SF total space with a 9,700 SF warehouse and a 3,010 SF showroom/office
- Zoned UI (Urban Industrial) for versatile use
- Strategic Pittsburgh location
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
$148,135
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
8.97%
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%
$2,962,700
$3.0M
Cap Rate 7%
$2,116,214
$2.1M
Cap Rate 9%
$1,645,944
$1.6M
Market Conditions
NOI Build-Up for 12,710 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
$228.8K $18.00/SF
− Vacancy
−$17.2K −$1.35/SF
EGI
$211.6K $16.65/SF
− OpEx
−$63.5K −$5.00/SF
NOI
$148.1K $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%
$2,962,700
Cap Rate 7%
$2,116,214
Cap Rate 9%
$1,645,944
Alternative Uses
Best Use
Retail
$2.12M
$1.85M – $2.47M
NOI $148,135 @ 7.0% cap · market cap 8.97%
Second Best
Warehouse
$1.25M
$1.09M – $1.45M
NOI $87,167 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$4.05M
$3.54M – $4.72M
NOI $283,350 @ 7.0% cap · market cap 17.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,476
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Pittsburgh, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Guardian Storage Strip District — 2839 Liberty Ave, Pittsburgh, PA 15222
- Strip Self Storage — 116 34th St, Pittsburgh, PA 15201
- Guardian Storage Strip District — 2823 liberty ave, pittsburgh, pa 15222
- Self-Storage at U-Haul — 3000 Liberty Ave, Pittsburgh, PA 15201
- Warehouse — 19 35th St, Pittsburgh, PA 15201
Frequently Asked Questions
What type of property is this?
Warehouse - 12,710 SF warehouse/showroom in Pittsburgh.
Where is this warehouse located?
The property is located at 3600 Liberty Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,652,300.
What are key features of this property?
This property features: 12,710 SF total space with a 9,700 SF warehouse and a 3,010 SF showroom/office; Zoned UI (Urban Industrial) for versatile use; Strategic Pittsburgh location
