Flex Space with Garage
For Sale
$199,900
Pending
520 Washington Avenue, Dravosburg, PA 15034
CommercialSale, Dravosburg, PA
Property Size960 SF
Lot Size0.17 Acres
Days on Market103
Property Features for 520 Washington Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
B1
Zoning description
B1
Parking
5
Subdivision
Dravosburg
Standard status
Pending
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
2703
Amenities
air compressor lines
updated electric
updated LED lighting
A/C
heated
kitchenette
bathroom
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(412) 833-5405
Listed By:
The Dan Haeck Team-Jeremy Haeck · License #RS316408
(412) 833-5405
Added: May 11
Changed: Aug 20
Last Checked: Aug 21 at 4:06PM
MLS# 1753196
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 B1-zoned flex property combines 960 square feet of office area with 3,250 square feet of warehouse space in an insulated block building. The office portion includes heating, air conditioning, a kitchenette, and a bathroom, while the warehouse is served by 12-foot and 14-foot garage doors. Recent improvements include updated electrical service, LED lighting, and newly added air conditioning. Air compressor lines are installed, supporting vehicle-related, repair, storage, and warehouse functions described for the property.
Electrical capacity includes 200AMP, 220 V single phase service and 400 amp 480 V Delta three phase service. Utilities are provided by Peoples Gas, Duquesne Light, and PA American Water. The property is located at 520 Washington Avenue in Dravosburg, Pennsylvania, within Allegheny-South County.
Electrical capacity includes 200AMP, 220 V single phase service and 400 amp 480 V Delta three phase service. Utilities are provided by Peoples Gas, Duquesne Light, and PA American Water. The property is located at 520 Washington Avenue in Dravosburg, Pennsylvania, within Allegheny-South County.
Key Highlights
- 960 sq ft of office space and 3,250 sq ft of warehouse space
- 12' and 14' garage doors provide warehouse access
- B1 zoning supports the property's described commercial uses
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
$12,264
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
6.14%
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%
$245,280
$245.3K
Cap Rate 7%
$175,200
$175.2K
Cap Rate 9%
$136,267
$136.3K
Market Conditions
NOI Build-Up for 960 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
$21.7K $22.56/SF
− Vacancy
−$5.3K −$5.53/SF
EGI
$16.4K $17.03/SF
− OpEx
−$4.1K −$4.26/SF
NOI
$12.3K $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%
$245,280
Cap Rate 7%
$175,200
Cap Rate 9%
$136,267
Alternative Uses
Best Use
Office B
$175.2K
$153.3K – $204.4K
NOI $12,264 @ 7.0% cap · market cap 6.14%
Second Best
Warehouse
$88.8K
$77.7K – $103.7K
NOI $6,219 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$244.5K
$214.0K – $285.3K
NOI $17,117 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15034, PA
1,612
Population
970
Households
1.7
Avg Household Size
50
Median Age
19%
College-Educated
88%
High-School Grad
1.0 sq mi
ZIP Area
1,612
Density / Sq Mi
$47,016
Median Household Income
$36,250
Median Earnings
$635
Median Rent
$98,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Combined office and warehouse improvements include updated lighting, air compressor lines, and climate-controlled office space.
Where is this flex space located?
The property is located at 520 Washington Avenue Dravosburg, PA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 960 sq ft of office space and 3,250 sq ft of warehouse space; 12' and 14' garage doors provide warehouse access; B1 zoning supports the property's described commercial uses
