Flex Space with Parking
For Sale
$1,500,000
4225-4301 Main St, Pittsburgh, PA 15224
CommercialSale, Pittsburgh, PA
Property Size10,000 SF
Lot Size0.41 Acres
Price / SF$150
Days on Market282
Property Features for 4225-4301 Main St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
comm
Zoning description
comm
Subdivision
Bloomfield
Standard status
Active
Lot size
0.41 Acres
Taxes and HOA fees
Tax Annual Amount
8840
Amenities
parking lot
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(412) 366-1600
Listed By:
Jennifer Bartlett · License #RS 298809
(412) 848-2712
Added: Nov 13, 2025
Changed: Aug 20
Last Checked: Aug 22 at 8:06AM
MLS# 1730663
Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space property comprises 3 separate parcels totaling 10,000 square feet on 0.41 acres. The open interior layout supports continued use in its existing configuration or adaptation for retail, restaurant, office, medical, or other commercial applications. Each parcel has separate utilities, providing distinct infrastructure for combined or individual ownership and use.
The property includes a parking lot and is positioned on Main St in Pittsburgh, near the city’s medical community and public transportation. Commercial zoning is identified as “comm.” The parcels may be acquired together or separately, subject to the stated offering terms.
The property includes a parking lot and is positioned on Main St in Pittsburgh, near the city’s medical community and public transportation. Commercial zoning is identified as “comm.” The parcels may be acquired together or separately, subject to the stated offering terms.
Key Highlights
- 10,000 total Square Feet across 3 separate parcels
- 0.41‑acre commercial property on Main St in Pittsburgh
- Separate utilities serve each parcel
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
$116,550
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
7.77%
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%
$2,331,000
$2.3M
Cap Rate 7%
$1,665,000
$1.7M
Cap Rate 9%
$1,295,000
$1.3M
Market Conditions
NOI Build-Up for 10,000 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
$180.0K $18.00/SF
− Vacancy
−$13.5K −$1.35/SF
EGI
$166.5K $16.65/SF
− OpEx
−$50.0K −$5.00/SF
NOI
$116.6K $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%
$2,331,000
Cap Rate 7%
$1,665,000
Cap Rate 9%
$1,295,000
Alternative Uses
Best Use
Retail
$1.66M
$1.46M – $1.94M
NOI $116,550 @ 7.0% cap · market cap 7.77%
Second Best
Flex RnD
$837.9K
$733.2K – $977.6K
NOI $58,656 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$3.18M
$2.79M – $3.72M
NOI $222,935 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,584
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15224, PA
10,568
Population
6,380
Households
1.7
Avg Household Size
34
Median Age
55%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
7,045
Density / Sq Mi
$65,974
Median Household Income
$49,642
Median Earnings
$1,191
Median Rent
$240,600
Median Home Value
Market
Vacancy Rate% for Industrial in Pittsburgh, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Open commercial space spanning three parcels, each supported by separate utilities and adaptable for multiple business configurations.
Where is this flex space located?
The property is located at 4225-4301 Main St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10,000 total Square Feet across 3 separate parcels; 0.41‑acre commercial property on Main St in Pittsburgh; Separate utilities serve each parcel
