Office Building with
61 E Crafton Ave, Pittsburgh, PA 15205
For Sale
$425,000
Seven enclosed offices, two flexible work areas and substantial storage support a range of business operations.
Property Size3,000 SF
Price / SF$141.67
Days on Market69
Property Features for 61 E Crafton Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Condition
Highway Access
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Tenancy
Listing Agency:
REALTY ONE GROUP PLATINUM
Listed By:
John Duffy · License #RS369692
(412) 226-6500
Source:
Indianlakerealty
Added: Sep 1
Changed: Nov 6
Last Checked: Nov 7 at 2:43PM
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 REALTY ONE GROUP PLATINUM
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Investment Insights
Based on property information with market context.
This 1910 office building contains approximately 3,000 SF, with seven private offices and two open work areas. Recent improvements include new carpeting, windows and interior paint. The main level has three half bathrooms, while a lofted attic and a large basement provide additional storage; the basement also includes a full bathroom.
The property is in Crafton, with access to Routes 376 and 79 and downtown Pittsburgh described as minutes away. Dedicated parking accommodates 11 vehicles.
The property is in Crafton, with access to Routes 376 and 79 and downtown Pittsburgh described as minutes away. Dedicated parking accommodates 11 vehicles.
Key Highlights
- Approximately 3,000 SF in a 1910 office building
- Seven private offices and two open work areas
- Three half bathrooms on the main level; one full bathroom in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,324
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,480
$766.5K
Cap Rate 7%
$547,486
$547.5K
Cap Rate 9%
$425,822
$425.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$67.7K $22.56/SF
− Vacancy
−$16.6K −$5.53/SF
EGI
$51.1K $17.03/SF
− OpEx
−$12.8K −$4.26/SF
NOI
$38.3K $12.77/SF
Area
Pittsburgh, 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 Rate 5%
$766,480
Cap Rate 7%
$547,486
Cap Rate 9%
$425,822
Alternative Uses
Best Use
Office B
$547.5K
$479.1K – $638.7K
NOI $38,324 @ 7.0% cap · market cap 9.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$955.4K
$836.0K – $1.11M
NOI $66,881 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 15205, PA
23,594
Population
12,241
Households
1.9
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
11.7 sq mi
ZIP Area
2,017
Density / Sq Mi
$70,954
Median Household Income
$47,785
Median Earnings
$1,166
Median Rent
$171,500
Median Home Value
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Market
Properties on Market for Office buildings in Pittsburgh
Vacancy Rate% for Office in Pittsburgh, PA
Frequently Asked Questions
What type of property is this?
Office building - Seven enclosed offices, two flexible work areas and substantial storage support a range of business operations.
Where is this office building located?
The property is located at 61 E Crafton Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Approximately 3,000 SF in a 1910 office building; Seven private offices and two open work areas; Three half bathrooms on the main level; one full bathroom in the basement
