Flex Space with
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 Market296
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
tall ceilings
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(412) 366-1600
Listed By:
Jennifer Bartlett · License #RS298809
(412) 848-2712
Added: Nov 13, 2025
Changed: Sep 4
Last Checked: Sep 5 at 4:06AM
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 10,000 square feet across three separate parcels totaling 0.41 acres. The open interior can support its current use or be reconfigured for retail, restaurant, office, medical-office, or equipment-oriented operations. Tall ceilings provide additional flexibility for uses requiring vertical clearance, while the existing parking lot adds on-site vehicle capacity.
Each parcel has its own utilities, and the property is zoned comm. The site is in Pittsburgh near the city’s medical community and has access to public transportation. The parcels may be offered together or separately, providing flexibility for an owner evaluating the full property or individual components.
Each parcel has its own utilities, and the property is zoned comm. The site is in Pittsburgh near the city’s medical community and has access to public transportation. The parcels may be offered together or separately, providing flexibility for an owner evaluating the full property or individual components.
Key Highlights
- 10,000 SF of open flex space
- Three separate parcels totaling 0.41 acres
- Separate utilities serving 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
$58,656
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
3.91%
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%
$1,173,120
$1.2M
Cap Rate 7%
$837,943
$837.9K
Cap Rate 9%
$651,733
$651.7K
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
$96.0K $9.60/SF
− Vacancy
−$5.8K −$0.58/SF
EGI
$90.2K $9.02/SF
− OpEx
−$31.6K −$3.16/SF
NOI
$58.7K $5.87/SF
Area
Pittsburgh, PA
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
35.00%
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%
$1,173,120
Cap Rate 7%
$837,943
Cap Rate 9%
$651,733
Alternative Uses
Best Use
Flex RnD
$837.9K
$733.2K – $977.6K
NOI $58,656 @ 7.0% cap · market cap 3.91%
Second Best
Industrial
$806.8K
$706.0K – $941.3K
NOI $56,479 @ 7.0% cap · market cap 3.77%
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 - Adaptable commercial space with an open layout, on-site parking, and separate utilities serving three parcels.
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 SF of open flex space; Three separate parcels totaling 0.41 acres; Separate utilities serving each parcel
