Updated Flex Space with
New
For Sale
Contact for pricing
630 5th Ave, East McKeesport, PA 15035
Updated flex property combining warehouse and office areas with multiple loading options, fire suppression, backup power, and substantial electrical service.
Property Size22,351 SF
Price / SF$98.43
Days on Market5
Property Features for 630 5th Ave
General Information
Standard status
Active
Size
22,351 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
17,775 SF
Office Build-Out
4,575 SF
Dock-High Doors
1
Drive-In Doors
4
Power
800 amps
Three-Phase Power
Yes
Sprinkler System
Yes
Additional Details
Utilities to Site
Yes
Amenities
backup generator
Listing Agency:
SVN | Three Rivers Commercial Advisors
(724) 759-5164
Listed By:
Garrett Cheran · License #RSS346228
(724) 759-5164
Source:
Moodyscre
Added: Aug 12
Changed: Aug 15
Last Checked: Aug 16 at 6:53AM
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 flex property combines 17,775 SF of warehouse space with 4,575 SF of office area. The building has undergone comprehensive updates and replacement of its systems and components. Warehouse clearance ranges from 12 to 14 feet, supporting a range of storage and operational requirements.
Loading infrastructure includes four drive-in doors and one dock door. The property also has a fire suppression system, backup generator, and 3 Phase 800 AMP power, providing substantial utility capacity for commercial and industrial operations.
Loading infrastructure includes four drive-in doors and one dock door. The property also has a fire suppression system, backup generator, and 3 Phase 800 AMP power, providing substantial utility capacity for commercial and industrial operations.
Key Highlights
- 17,775 SF warehouse paired with 4,575 SF of office space
- 12‑14 FT clear height
- 4 drive in doors and 1 dock door
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
$144,795
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
6.58%
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%
$2,895,900
$2.9M
Cap Rate 7%
$2,068,500
$2.1M
Cap Rate 9%
$1,608,833
$1.6M
Market Conditions
NOI Build-Up for 22,351 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
$182.4K $8.16/SF
− Vacancy
−$12.0K −$0.54/SF
EGI
$170.3K $7.62/SF
− OpEx
−$25.6K −$1.14/SF
NOI
$144.8K $6.48/SF
Area
Allegheny County, PA
Vacancy
6.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
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%
$2,895,900
Cap Rate 7%
$2,068,500
Cap Rate 9%
$1,608,833
Alternative Uses
Best Use
Office B
$4.08M
$3.57M – $4.76M
NOI $285,525 @ 7.0% cap · market cap 12.98%
Second Best
Warehouse
$2.07M
$1.81M – $2.41M
NOI $144,795 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$5.69M
$4.98M – $6.64M
NOI $398,520 @ 7.0% cap · market cap 18.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
1
Dock-high doors
4
Drive-in doors
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15035, PA
2,098
Population
1,112
Households
1.9
Avg Household Size
45
Median Age
21%
College-Educated
94%
High-School Grad
0.4 sq mi
ZIP Area
5,245
Density / Sq Mi
$64,103
Median Household Income
$35,071
Median Earnings
$741
Median Rent
$80,000
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 - Updated flex property combining warehouse and office areas with multiple loading options, fire suppression, backup power, and substantial electrical service.
Where is this flex space located?
The property is located at 630 5th Ave East McKeesport, PA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 17,775 SF warehouse paired with 4,575 SF of office space; 12‑14 FT clear height; 4 drive in doors and 1 dock door
