Fully Sprinklered Industrial Flex
For Sale
Contact for pricing
6301 Butler Street, Pittsburgh, PA 15201
Versatile flex facility with warehouse, showroom, and offices, including loading docks, drive-in access, ample parking, and yard.
Property Size62,000 SF
Price / SF$88.71
Days on Market55
Property Features for 6301 Butler Street
General Information
Standard status
Active
Size
62,000 SF
Total Parking Spaces
40
Property subtype
Industrial
Zoning
RIV - GI - General Industrial
Occupancy
100%
Investment Type
Owner/User
Additional Details
Fenced Yard
Yes
Sprinkler System
Yes
Building Details
Year Built
1982
Tenancy
Single
Listing Agency:
Totum Realty Advisors
(304) 290-7826
Listed By:
Michael Castle · License #PA AB068356
Source:
Crexi
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 10 at 3:39PM
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 Totum Realty Advisors
Investment Insights
Based on property information with market context.
6301 Butler Street is a versatile industrial flex property offering warehouse, showroom, and office space for a range of industrial and service-oriented operations. The facility is well-maintained and fully sprinklered, with adaptable floor plates designed to support multiple user types. A large showroom and an office mezzanine provide both customer-facing and administrative space, while the warehouse areas are configured for operational flexibility. The building also includes multiple loading docks and substantial yard areas to support daily logistics.
Located in Pittsburgh’s urban core at 6301 Butler Street, the property is positioned to serve businesses that need efficient truck activity and on-site staging. The site features expansive drive-in access and ample parking to support employee and customer needs alongside loading operations.
This offering is well-suited for an owner-user looking for a combined warehouse and customer/showroom environment, or an operator seeking flexible space that can be arranged to match manufacturing, distribution, storage, or service requirements. With loading dock capacity, drive-in convenience, yard space, and dedicated office and showroom components, the property supports both production or warehousing functions and day-to-day administrative or customer-facing activities.
Located in Pittsburgh’s urban core at 6301 Butler Street, the property is positioned to serve businesses that need efficient truck activity and on-site staging. The site features expansive drive-in access and ample parking to support employee and customer needs alongside loading operations.
This offering is well-suited for an owner-user looking for a combined warehouse and customer/showroom environment, or an operator seeking flexible space that can be arranged to match manufacturing, distribution, storage, or service requirements. With loading dock capacity, drive-in convenience, yard space, and dedicated office and showroom components, the property supports both production or warehousing functions and day-to-day administrative or customer-facing activities.
Key Highlights
- 1982‑built industrial flex facility with warehouse, showroom, and office space
- Fully sprinklered building with efficient clear heights
- Flexible floor plates suitable for manufacturing, distribution, storage, or service‑oriented operations
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
$425,207
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
7.73%
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%
$8,504,140
$8.5M
Cap Rate 7%
$6,074,386
$6.1M
Cap Rate 9%
$4,724,522
$4.7M
Market Conditions
NOI Build-Up for 62,000 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
$528.2K $8.52/SF
− Vacancy
−$28.0K −$0.45/SF
EGI
$500.2K $8.07/SF
− OpEx
−$75.0K −$1.21/SF
NOI
$425.2K $6.86/SF
Area
Pittsburgh, PA
Vacancy
5.30%
Lease Rate
$8.52 /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%
$8,504,140
Cap Rate 7%
$6,074,386
Cap Rate 9%
$4,724,522
Alternative Uses
Best Use
Office B
$11.31M
$9.90M – $13.20M
NOI $792,025 @ 7.0% cap · market cap 14.40%
Second Best
Retail
$10.32M
$9.03M – $12.04M
NOI $722,610 @ 7.0% cap · market cap 13.14%
Theoretical Best
Office A
$19.75M
$17.28M – $23.04M
NOI $1,382,197 @ 7.0% cap · market cap 25.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
Under-served
Demand for This Use
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 Office in Pittsburgh, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile flex facility with warehouse, showroom, and offices, including loading docks, drive-in access, ample parking, and yard.
Where is this flex space located?
The property is located at 6301 Butler Street Pittsburgh, PA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 1982‑built industrial flex facility with warehouse, showroom, and office space; Fully sprinklered building with efficient clear heights; Flexible floor plates suitable for manufacturing, distribution, storage, or service‑oriented operations
