Restaurant Bar and Dining
For Sale
Contact for pricing
4025 Homestead Duquesne Rd, West Mifflin, PA 15122
Former Hob Knob bar and restaurant with a dining setup and outdoor patio potential in the rear.
Property Size3,000 SF
Price / SF$196.67
Days on Market139
Property Features for 4025 Homestead Duquesne Rd
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Building Details
Year Built
1984
Year Renovated
2014
Buildings
1
Stories
1
Units
1
Listing Agency:
McCormick Real Estate & Management
Listed By:
Michele Sipe · License #PA RS328453
(412) 212-1270
Source:
Crexi
Added: Apr 22
Changed: Sep 7
Last Checked: Sep 7 at 7:44AM
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 McCormick Real Estate & Management
Investment Insights
Based on property information with market context.
This property is the former Hob Knob Bar & Restaurant and offers a bar and dining configuration suitable for continued restaurant/bar use. The layout is designed around guest service areas and includes rear space where an outdoor patio could be added for seasonal dining or entertainment.
Located on the border of Munhall and West Mifflin, the property is described as having excellent visibility and steady daily traffic. The site also benefits from close proximity to major residential neighborhoods, retail centers, and employment hubs.
For buyers or operators seeking a turnkey concept, the property includes ample parking and convenient access, with room to customize based on your intended food and beverage or community-focused operation.
Located on the border of Munhall and West Mifflin, the property is described as having excellent visibility and steady daily traffic. The site also benefits from close proximity to major residential neighborhoods, retail centers, and employment hubs.
For buyers or operators seeking a turnkey concept, the property includes ample parking and convenient access, with room to customize based on your intended food and beverage or community-focused operation.
Key Highlights
- Former Hob Knob Bar & Restaurant (1984) with an existing dining setup
- Commercial property located on the border of Munhall and West Mifflin, PA
- Rear outdoor patio potential for seasonal dining or entertainment
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
$29,754
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
5.04%
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%
$595,080
$595.1K
Cap Rate 7%
$425,057
$425.1K
Cap Rate 9%
$330,600
$330.6K
Market Conditions
NOI Build-Up for 3,000 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
$41.8K $13.92/SF
− Vacancy
−$2.1K −$0.70/SF
EGI
$39.7K $13.22/SF
− OpEx
−$9.9K −$3.31/SF
NOI
$29.8K $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%
$595,080
Cap Rate 7%
$425,057
Cap Rate 9%
$330,600
Alternative Uses
Best Use
Specialty Retail
$425.1K
$371.9K – $495.9K
NOI $29,754 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$764.1K
$668.6K – $891.5K
NOI $53,490 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 15122, PA
19,340
Population
9,121
Households
2.1
Avg Household Size
45
Median Age
23%
College-Educated
95%
High-School Grad
12.9 sq mi
ZIP Area
1,499
Density / Sq Mi
$68,984
Median Household Income
$47,771
Median Earnings
$795
Median Rent
$131,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pisci's — 4501 Main St, Munhall, PA 15120
- Main Street Tavern — 3619 Main St, Munhall, PA 15120
- Draft House — 3504 Main St, Munhall, PA 15120
- Wolf's Pub — 3301 Main St, Munhall, PA 15120
- Hob Nob-Pearl's Cafe 2 — 4025 Homestead Duquesne Rd, West Mifflin, PA 15122
Frequently Asked Questions
What type of property is this?
Bar & Pub - Former Hob Knob bar and restaurant with a dining setup and outdoor patio potential in the rear.
Where is this bar & pub located?
The property is located at 4025 Homestead Duquesne Rd West Mifflin, PA.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Former Hob Knob Bar & Restaurant (1984) with an existing dining setup; Commercial property located on the border of Munhall and West Mifflin, PA; Rear outdoor patio potential for seasonal dining or entertainment
