Office Property With
New
For Sale
$339,900
432 Jane Street, Carnegie, PA 15106
CommercialSale, Carnegie, PA
Property Size1,600 SF
Lot Size0.47 Acres
Price / SF$212.44
Days on Market3
Property Features for 432 Jane Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
D-3
Zoning description
D-3
Directions
Parkway West, west bound to Carnegie Exit keep right to ramp at the bottom of the ramp property on the left.
Subdivision
Carnegie
Standard status
Active
Lot size
0.47 Acres
Taxes and HOA fees
Tax Annual Amount
7055
Building Details
Building materials
Concrete, Stone
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
Listed By:
John Butera/Jeff Stephan · License #AB047546L
(412) 833-5405
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 10 at 4:06PM
MLS# 1773544
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 office property includes approximately 1,000 square feet of office space along with an additional 600-square-foot warehouse and storage area. The improvements use concrete and stone construction and are positioned on an approximately 0.47-acre parcel with 180 feet of frontage.
The property is located just off the Parkway West ramp, providing access to major highways, public transportation, Pittsburgh, and surrounding business districts. D-3 zoning supports a range of commercial uses, subject to applicable requirements.
The property is located just off the Parkway West ramp, providing access to major highways, public transportation, Pittsburgh, and surrounding business districts. D-3 zoning supports a range of commercial uses, subject to applicable requirements.
Key Highlights
- Approximately 1,000 square feet of office space
- Additional 600‑square‑foot warehouse and storage area
- Approximately 0.47‑acre lot
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
$20,439
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
6.01%
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%
$408,780
$408.8K
Cap Rate 7%
$291,986
$292.0K
Cap Rate 9%
$227,100
$227.1K
Market Conditions
NOI Build-Up for 1,600 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
$36.1K $22.56/SF
− Vacancy
−$8.8K −$5.53/SF
EGI
$27.3K $17.03/SF
− OpEx
−$6.8K −$4.26/SF
NOI
$20.4K $12.77/SF
Area
Allegheny County, 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 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%
$408,780
Cap Rate 7%
$291,986
Cap Rate 9%
$227,100
Alternative Uses
Best Use
Office B
$292.0K
$255.5K – $340.7K
NOI $20,439 @ 7.0% cap · market cap 6.01%
Second Best
Warehouse
$148.1K
$129.6K – $172.8K
NOI $10,365 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$407.5K
$356.6K – $475.5K
NOI $28,528 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 15106, PA
19,166
Population
10,039
Households
1.9
Avg Household Size
43
Median Age
36%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
1,917
Density / Sq Mi
$72,112
Median Household Income
$50,561
Median Earnings
$990
Median Rent
$190,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office space with an attached warehouse and storage area, D-3 zoning, and access near the Parkway West ramp.
Where is this office units located?
The property is located at 432 Jane Street Carnegie, PA.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Approximately 1,000 square feet of office space; Additional 600‑square‑foot warehouse and storage area; Approximately 0.47‑acre lot
