Beechwood Boulevard Investment
For Sale
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4070 Beechwood Blvd, Pittsburgh, PA 15217
Medical/retail/office building in Pittsburgh's Squirrel Hill neighborhood.
Property Size12,000 SF
Price / SF$329.17
Days on Market826
Property Features for 4070 Beechwood Blvd
General Information
Standard status
Active
Size
12,000 SF
Total Parking Spaces
50
Property subtype
Retail
Zoning
LNC - Local Neighborhood Commercial
Occupancy
100%
Lease Type
NNN
Site & Location
Neighborhood
Greenfield
Building Details
Year Built
1970
Year Renovated
2020
Tenancy
Single
Listing Agency:
Buncher Realty Services
Listed By:
Gregg Broujos · License #PA - RM425188
Source:
Crexi
Added: Jul 22, 2024
Changed: Oct 3
Last Checked: Oct 24 at 3:03PM
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 Buncher Realty Services
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Investment Insights
Based on property information with market context.
The property at 4070 Beechwood Boulevard presents an investment opportunity in a 12,000-square-foot building suitable for medical, retail, or office use. It is located in the Squirrel Hill neighborhood within the East End submarket of Pittsburgh.
Key Highlights
- Well‑positioned building suitable for medical, retail, or office use
- Located in the highly regarded Squirrel Hill neighborhood
- Situated in the East End submarket of Pittsburgh
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,295
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,065,900
$3.1M
Cap Rate 7%
$2,189,929
$2.2M
Cap Rate 9%
$1,703,278
$1.7M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$270.7K $22.56/SF
− Vacancy
−$66.3K −$5.53/SF
EGI
$204.4K $17.03/SF
− OpEx
−$51.1K −$4.26/SF
NOI
$153.3K $12.77/SF
Area
Pittsburgh, PA
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%
$3,065,900
Cap Rate 7%
$2,189,929
Cap Rate 9%
$1,703,278
Alternative Uses
Best Use
Office B
$2.19M
$1.92M – $2.55M
NOI $153,295 @ 7.0% cap · market cap 3.88%
Second Best
Healthcare Medical
$2.08M
$1.82M – $2.42M
NOI $145,411 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$3.82M
$3.34M – $4.46M
NOI $267,522 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15217, PA
26,851
Population
12,582
Households
2.1
Avg Household Size
36
Median Age
74%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
6,885
Density / Sq Mi
$91,695
Median Household Income
$55,890
Median Earnings
$1,412
Median Rent
$431,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Pittsburgh, PA
Similar Off Market Nearby
- Greenfield Veterinary Hospital — 701 Hazelwood Ave, Pittsburgh, PA 15217
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical/retail/office building in Pittsburgh's Squirrel Hill neighborhood.
Where is this medical office space located?
The property is located at 4070 Beechwood Blvd Pittsburgh, PA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Well‑positioned building suitable for medical, retail, or office use; Located in the highly regarded Squirrel Hill neighborhood; Situated in the East End submarket of Pittsburgh
