Retail Space with
For Sale
$990,000
4808 McKnight Rd, Pittsburgh, PA 15237
Multi-tenant retail space includes drive-through access, pylon signage, and on-site parking.
Property Size5,729 SF
Price / SF$172.81
Days on Market47
Property Features for 4808 McKnight Rd
General Information
Standard status
Active
Size
5,729 SF
Class
Unclassified
Total Parking Spaces
26
Property subtype
retail
Site & Location
Drive-Thru
Yes
Pylon Signage
Yes
Building Details
Tenancy
Multi
Parking Ratio
5.26 per 1,000 SF
Properties For Sale
at 4808 McKnight Rd Contact us- Floor
- 1
- Size
- 5,729 SF
- Type
- Retail
- Availability
- Immediately
Available Space
Listing Agency:
Pittsburgh
(724) 884-5050
Listed By:
Justin Walbert · License #RS339879
(724) 884-5050
Source:
Property.jll
Added: Jul 16
Changed: Aug 30
Last Checked: Aug 31 at 12:57PM
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 Pittsburgh
Investment Insights
Based on property information with market context.
The retail property at 4808 McKnight Road in Pittsburgh is configured as a multi-tenant building with two drive-through lanes. Large pylon signage serves the McKnight Road frontage, while on-site parking supports customer and tenant access.
The property includes 26 parking spaces, identified at a ratio of 5.26/1,000 s.f. It is subject to a lease with a long-term Batteries Plus franchisee.
The property includes 26 parking spaces, identified at a ratio of 5.26/1,000 s.f. It is subject to a lease with a long-term Batteries Plus franchisee.
Key Highlights
- Multi‑tenant retail building at 4808 McKnight Rd, Pittsburgh, PA 15237
- Two drive‑thru lanes
- Large pylon signage on McKnight Road
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
$66,411
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
6.71%
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%
$1,328,220
$1.3M
Cap Rate 7%
$948,729
$948.7K
Cap Rate 9%
$737,900
$737.9K
Market Conditions
NOI Build-Up for 5,729 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
$103.1K $18.00/SF
− Vacancy
−$8.2K −$1.44/SF
EGI
$94.9K $16.56/SF
− OpEx
−$28.5K −$4.97/SF
NOI
$66.4K $11.59/SF
Area
ZIP 15237
Vacancy
8.00%
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%
$1,328,220
Cap Rate 7%
$948,729
Cap Rate 9%
$737,900
Alternative Uses
Best Use
Retail
$948.7K
$830.1K – $1.11M
NOI $66,411 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,719 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
77k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 18%
Home Improvements & Furnishings 10%
Apparel 2%
Applebee's
Dining
19,042 visits/mo
0.1 miles
Taco Bell
Dining
17,241 visits/mo
0.1 miles
Starbucks
Dining
10,074 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
6,905 visits/mo
0.1 miles
Arby's
Dining
6,832 visits/mo
0.1 miles
Demographics for 15237, PA
45,670
Population
19,332
Households
2.4
Avg Household Size
43
Median Age
58%
College-Educated
97%
High-School Grad
24.1 sq mi
ZIP Area
1,895
Density / Sq Mi
$108,538
Median Household Income
$64,006
Median Earnings
$1,327
Median Rent
$306,900
Median Home Value
Market
Vacancy Rate% for Retail in Pittsburgh, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant retail space includes drive-through access, pylon signage, and on-site parking.
Where is this retail space located?
The property is located at 4808 McKnight Rd Pittsburgh, PA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Multi‑tenant retail building at 4808 McKnight Rd, Pittsburgh, PA 15237; Two drive‑thru lanes; Large pylon signage on McKnight Road
