Flex Building on Two
4433 Howley St, Pittsburgh, PA 15224
For Sale
Contact for pricing
The property combines a substantial building footprint with a two-acre parcel in Pittsburgh.
Property Size22,000 SF
Lot Size2.00 Acres
Price / SF$77.27
Days on Market29
Property Features for 4433 Howley St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Additional Details
Property Use
Building Details
Building Size
Listing Agency:
NAI Burns Scalo
Listed By:
Curt Starr · License PA AB069199
(214) 316-0737
Source:
Crexi
Added: Oct 12
Changed: Nov 8
Last Checked: Nov 8 at 4:27PM
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 NAI Burns Scalo
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Investment Insights
Based on property information with market context.
This flex property includes 22,000 RSF of building area on a 2-acre parcel. The asset is located in Pittsburgh, near UPMC Children’s Hospital and the downtown business community.
Key Highlights
- 22,000 RSF flex building
- 2‑acre parcel
- Located near UPMC Children’s Hospital and the downtown business community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,043
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,580,860
$2.6M
Cap Rate 7%
$1,843,471
$1.8M
Cap Rate 9%
$1,433,811
$1.4M
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$211.2K $9.60/SF
− Vacancy
−$12.7K −$0.58/SF
EGI
$198.5K $9.02/SF
− OpEx
−$69.5K −$3.16/SF
NOI
$129.0K $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 Rate 5%
$2,580,860
Cap Rate 7%
$1,843,471
Cap Rate 9%
$1,433,811
Alternative Uses
Best Use
Flex RnD
$1.84M
$1.61M – $2.15M
NOI $129,043 @ 7.0% cap · market cap 7.59%
Second Best
Industrial
$1.78M
$1.55M – $2.07M
NOI $124,254 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$7.01M
$6.13M – $8.17M
NOI $490,457 @ 7.0% cap · market cap 28.85%
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
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
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Market
Properties on Market for Flex space in Pittsburgh
Vacancy Rate% for Industrial in Pittsburgh, PA
Similar Off Market Nearby
- Soiree Partners — 3401 Liberty Ave, Pittsburgh, PA 15201
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- Roxanne’s Catering LLC — 4124 Main St, Pittsburgh, PA 15224
- Food By Phoenix — 5160 penn ave, pittsburgh, pa 15224
Frequently Asked Questions
What type of property is this?
Flex space - The property combines a substantial building footprint with a two-acre parcel in Pittsburgh.
Where is this flex space located?
The property is located at 4433 Howley St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 22,000 RSF flex building; 2‑acre parcel; Located near UPMC Children’s Hospital and the downtown business community
