Four-Room Office
For Sale
$65,000
505 Mcknight Park Dr, Pittsburgh, PA 15237
CommercialSale, Ross Twp, PA
Property Size429 SF
Lot Size0.01 Acres
Price / SF$151.52
Days on Market227
Property Features for 505 Mcknight Park Dr
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
comm
Zoning description
comm
Directions
N. McKnight to first entrance of Ross Park Mall, bear right then bear right again on McKnight Park Drive. Buildig is the 500 block. Lots of parking.
Subdivision
Ross Twp
Standard status
Active
Lot size
0.01 Acres
Taxes and HOA fees
Tax Annual Amount
1693
Building Details
Building materials
Brick
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(412) 366-1600
Listed By:
Linda Boettcher · License #RS187704L
(412) 491-2806
Added: Mar 3
Changed: Oct 8
Last Checked: Oct 16 at 5:06PM
MLS# 1742090
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.
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Investment Insights
Based on property information with market context.
This brick office unit has a main office measuring 16x15, two additional offices measuring 9x7 each, and a 9x7 room currently configured as a kitchenette. A large closet with shelving provides additional storage. The property is zoned comm.
The unit is minutes from Ross Park Mall and McKnight Road in Ross Township, Pennsylvania.
The unit is minutes from Ross Park Mall and McKnight Road in Ross Township, Pennsylvania.
Key Highlights
- Main office measures 16x15
- Two additional offices, each measuring 9x7
- Separate 9x7 room used as a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,480
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$109,600
$109.6K
Cap Rate 7%
$78,286
$78.3K
Cap Rate 9%
$60,889
$60.9K
Market Conditions
NOI Build-Up for 429 SF
Gross rent
$9.7K $22.56/SF
− Vacancy
−$2.4K −$5.53/SF
EGI
$7.3K $17.03/SF
− OpEx
−$1.8K −$4.26/SF
NOI
$5.5K $12.77/SF
Area
ZIP 15237
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 Rate 5%
$109,600
Cap Rate 7%
$78,286
Cap Rate 9%
$60,889
Alternative Uses
Best Use
Office B
$78.3K
$68.5K – $91.3K
NOI $5,480 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$136.6K
$119.6K – $159.4K
NOI $9,564 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Pittsburgh, PA
Frequently Asked Questions
What type of property is this?
Office units - Three office areas are complemented by a separate kitchenette and a shelved closet.
Where is this office units located?
The property is located at 505 Mcknight Park Dr Pittsburgh, PA.
What is the asking price?
The asking price for this property is $65,000.
What are key features of this property?
This property features: Main office measures 16x15; Two additional offices, each measuring 9x7; Separate 9x7 room used as a kitchenette
