Signalized Corner Retail
For Sale
Contact for pricing
6200 Saltsburg Rd, Pittsburgh, PA 15235
Retail building with flexible B-2 zoning, customer parking, and access for deliveries.
Property Size11,355 SF
Lot Size1.48 Acres
Price / SF$136.50
Days on Market398
Property Features for 6200 Saltsburg Rd
General Information
Standard status
Active
Size
11,355 SF
Lot size
1.48 Acres
Property subtype
RETAIL
Zoning
B-2
Site & Location
Corner Location
Yes
Road Access
Yes
Listing Agency:
Lee & Associates | Western PA
(412) 512-3737
Listed By:
Dana Grau, CCIM, SIOR · License #RSR002660
(412) 512-3737
Source:
Moodyscre
Added: Jul 29, 2025
Changed: Aug 29
Last Checked: Aug 29 at 6:40PM
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 Lee & Associates | Western PA
Investment Insights
Based on property information with market context.
This 11,355-square-foot retail property occupies 1.48± acres at a signalized intersection. The site includes on-site parking and accommodates customer and delivery access through its ingress and egress configuration. B-2 Commercial zoning supports retail, office, medical, and service-oriented uses.
The property is positioned at Saltsburg Road and Leechburg Road in Penn Hills, within the Pittsburgh MSA. Its corner setting provides access to a dense residential and commuter population in Penn Hills and surrounding neighborhoods. The combination of building area, lot size, parking, and flexible commercial zoning supports a range of retail and service applications.
The property is positioned at Saltsburg Road and Leechburg Road in Penn Hills, within the Pittsburgh MSA. Its corner setting provides access to a dense residential and commuter population in Penn Hills and surrounding neighborhoods. The combination of building area, lot size, parking, and flexible commercial zoning supports a range of retail and service applications.
Key Highlights
- 11,355‑square‑foot retail property on 1.48± acres
- Signalized corner at Saltsburg Road and Leechburg Road
- B‑2 Commercial zoning
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
$137,595
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
8.88%
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%
$2,751,900
$2.8M
Cap Rate 7%
$1,965,643
$2.0M
Cap Rate 9%
$1,528,833
$1.5M
Market Conditions
NOI Build-Up for 11,355 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
$245.3K $21.60/SF
− Vacancy
−$15.9K −$1.40/SF
EGI
$229.3K $20.20/SF
− OpEx
−$91.7K −$8.08/SF
NOI
$137.6K $12.12/SF
Area
ZIP 15235
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
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%
$2,751,900
Cap Rate 7%
$1,965,643
Cap Rate 9%
$1,528,833
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.42M
NOI $145,056 @ 7.0% cap · market cap 9.36%
Second Best
Healthcare Medical
$1.97M
$1.72M – $2.29M
NOI $137,595 @ 7.0% cap · market cap 8.88%
Theoretical Best
Office A
$3.62M
$3.16M – $4.22M
NOI $253,143 @ 7.0% cap · market cap 16.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 15235, PA
34,610
Population
16,942
Households
2
Avg Household Size
46
Median Age
36%
College-Educated
95%
High-School Grad
14.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$62,292
Median Household Income
$40,511
Median Earnings
$1,048
Median Rent
$132,800
Median Home Value
Market
Vacancy Rate% for Office 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 - Retail building with flexible B-2 zoning, customer parking, and access for deliveries.
Where is this retail space located?
The property is located at 6200 Saltsburg Rd Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 11,355‑square‑foot retail property on 1.48± acres; Signalized corner at Saltsburg Road and Leechburg Road; B‑2 Commercial zoning
