Retail Space with Rear Garage
For Sale
Contact for pricing
5744 Butler St, Pittsburgh, PA 15201
Fully leased property occupied by three commercial tenants with additional rear garage bays.
Property Size15,600 SF
Price / SF$192.31
Days on Market10
Property Features for 5744 Butler St
General Information
Standard status
Active
Size
15,600 SF
Total Parking Spaces
2
Property subtype
RETAIL
Occupancy
100%
Additional Details
Road Access
Yes
Amenities
two rear garage bays
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
SVN | Three Rivers Commercial Advisors
(724) 825-3137
Listed By:
Jason Campagna · License #RM424399
(724) 825-3137
Source:
Moodyscre
Added: Aug 13
Changed: Aug 16
Last Checked: Aug 22 at 8:42AM
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
Investment Insights
Based on property information with market context.
This 15,600 SF retail property is fully leased to three commercial tenants. The configuration includes two garage bays at the rear, adding functional support space to the retail building. The occupied tenant mix and existing garage improvements are central features of the property.
The building fronts Butler Street at 5744 Butler St in Pittsburgh, PA 15201, within the Lawrenceville area. Its Butler Street frontage provides street-facing exposure, with visibility and traffic identified as notable characteristics of the setting.
The building fronts Butler Street at 5744 Butler St in Pittsburgh, PA 15201, within the Lawrenceville area. Its Butler Street frontage provides street-facing exposure, with visibility and traffic identified as notable characteristics of the setting.
Key Highlights
- 15,600 SF retail property
- 100% leased to three commercial tenants
- Two rear garage bays included
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
$181,818
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
6.06%
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%
$3,636,360
$3.6M
Cap Rate 7%
$2,597,400
$2.6M
Cap Rate 9%
$2,020,200
$2.0M
Market Conditions
NOI Build-Up for 15,600 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
$280.8K $18.00/SF
− Vacancy
−$21.1K −$1.35/SF
EGI
$259.7K $16.65/SF
− OpEx
−$77.9K −$5.00/SF
NOI
$181.8K $11.66/SF
Area
Pittsburgh, PA
Vacancy
7.50%
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%
$3,636,360
Cap Rate 7%
$2,597,400
Cap Rate 9%
$2,020,200
Alternative Uses
Best Use
Retail
$2.60M
$2.27M – $3.03M
NOI $181,818 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$2.35M
$2.06M – $2.74M
NOI $164,530 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$4.97M
$4.35M – $5.80M
NOI $347,779 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 15201, PA
12,802
Population
7,970
Households
1.6
Avg Household Size
36
Median Age
64%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
6,738
Density / Sq Mi
$86,049
Median Household Income
$59,987
Median Earnings
$1,538
Median Rent
$257,300
Median Home Value
Market
Vacancy Rate% for Retail in Pittsburgh, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Fully leased property occupied by three commercial tenants with additional rear garage bays.
Where is this retail space located?
The property is located at 5744 Butler St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 15,600 SF retail property; 100% leased to three commercial tenants; Two rear garage bays included
