Listing Agency: COLDWELL BANKER REALTY · Coldwell Banker Real Estate r***@coldwellbanker.com

Listed By: Robert Strohm · License #RS189629 Show Phone

Added: Jun 5 Changed: Oct 8 Last Checked: Oct 25 at 3:06PM

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MLS# 1758501

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Investment Insights

Based on property information with market context.

This mixed-use building contains approximately 2,880 square feet, with commercial space on the first floor and two apartments on the upper level. Each apartment includes one refrigerator and one range. A full basement provides additional building space, and the parcel measures 0.1095 acres.

The property is located at 626-628 Pittsburgh St in Springdale Boro, Pennsylvania.

Key Highlights

• Approximately 2,880 square feet of mixed‑use space
• Ground‑floor commercial area with two apartments upstairs
• One refrigerator and one range in each apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,406

Cap Rate

8.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$448,120 $448.1K

Cap Rate 7%

$320,086 $320.1K

Cap Rate 9%

$248,956 $249.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,880 SF

Gross rent

$43.2K $15.00/SF

− Vacancy

−$2.5K −$0.86/SF

EGI

$40.7K $14.15/SF

− OpEx

−$18.3K −$6.37/SF

NOI

$22.4K $7.78/SF

Area

Allegheny County, PA

Vacancy

5.70%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$448,120

Cap Rate 7%

$320,086

Cap Rate 9%

$248,956

Alternative Uses

Best Use

Retail

$479.5K

$419.6K – $559.4K (±1% cap)

NOI $33,566 @ 7.0% cap · market cap 12.91%

Second Best

Mixed Use

$416.6K

$364.5K – $486.0K (±1% cap)

NOI $29,160 @ 7.0% cap · market cap 11.22%

Theoretical Best

Office A

$733.6K

$641.9K – $855.9K (±1% cap)

NOI $51,351 @ 7.0% cap · market cap 19.76%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Bakery (Bike/Boat/Book/etc) Store Barber Shop Kitchen & Bath Showroom

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

2

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

316

Businesses Nearby

5k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,375 visits/mo 0.3 miles

Demographics for 15144, PA

3,998

Population

2,065

Households

1.9

Avg Household Size

46

Median Age

28%

College-Educated

95%

High-School Grad

2.1 sq mi

ZIP Area

1,904

Density / Sq Mi

$58,925

Median Household Income

$43,059

Median Earnings

$906

Median Rent

$140,100

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The building combines ground-floor commercial space with two apartments above.

Where is this mixed-use property located?

The property is located at 626-628 Pittsburgh St Springdale, PA.

What is the asking price?

The asking price for this property is $259,900.

What are key features of this property?

This property features: Approximately 2,880 square feet of mixed‑use space; Ground‑floor commercial area with two apartments upstairs; One refrigerator and one range in each apartment