Building Details

Buildings 1

Listing Agency: SVN | Three Rivers Commercial Advisors Show Phone

Listed By: Garrett Cheran · License #RSS346228 Show Phone

Source: Moodyscre

Added: Aug 17 Changed: Oct 6 Last Checked: Oct 19 at 7:11AM

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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 SVN | Three Rivers Commercial Advisors

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Investment Insights

Based on property information with market context.

Located at 519 Bessemer Ave in East Pittsburgh, this 4,416-square-foot flex property combines remodeled office space with first-floor warehouse and garage functionality. The office layout includes five offices, a conference room, a kitchen, and three bathrooms, while the garage area provides 2,280 square feet and a 9.5-foot-tall garage door.

The property includes a fenced and secured parking lot, backup generator, and updated security and fire alarm systems. Electrical service is single-phase, with 240V 120–400 amp capacity. A brand-new municipal building is directly across the street.

Key Highlights

• 4,416‑square‑foot flex property at 519 Bessemer Ave
• 2,280 SF first‑floor garage and warehouse area
• 9.5‑foot‑tall garage door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,559

Cap Rate

8.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$471,180 $471.2K

Cap Rate 7%

$336,557 $336.6K

Cap Rate 9%

$261,767 $261.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,416 SF

Gross rent

$36.0K $8.16/SF

− Vacancy

−$2.4K −$0.54/SF

EGI

$33.7K $7.62/SF

− OpEx

−$10.1K −$2.29/SF

NOI

$23.6K $5.34/SF

Area

Allegheny County, PA

Vacancy

6.60%

Lease Rate

$8.16 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$471,180

Cap Rate 7%

$336,557

Cap Rate 9%

$261,767

Alternative Uses

Best Use

Warehouse

$408.7K

$357.6K – $476.8K (±1% cap)

NOI $28,608 @ 7.0% cap · market cap 9.86%

Second Best

Industrial

$336.6K

$294.5K – $392.7K (±1% cap)

NOI $23,559 @ 7.0% cap · market cap 8.12%

Theoretical Best

Office A

$1.12M

$984.2K – $1.31M (±1% cap)

NOI $78,738 @ 7.0% cap · market cap 27.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Dental Office Restaurant Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

252

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 15112, PA

3,314

Population

1,841

Households

1.8

Avg Household Size

39

Median Age

23%

College-Educated

97%

High-School Grad

0.8 sq mi

ZIP Area

4,143

Density / Sq Mi

$47,298

Median Household Income

$39,303

Median Earnings

$777

Median Rent

$89,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Remodeled commercial space combines office amenities with a secured warehouse and garage area.

Where is this flex space located?

The property is located at 519 Bessemer Ave East Pittsburgh, PA.

What is the asking price?

The asking price for this property is $290,000.

What are key features of this property?

This property features: 4,416‑square‑foot flex property at 519 Bessemer Ave; 2,280 SF first‑floor garage and warehouse area; 9.5‑foot‑tall garage door