Three-Building Mixed-Use
640 Rodi Rd, Pittsburgh, PA 15235
For Sale
Contact for pricing
Office, retail, and warehouse space are configured across separate buildings on an M-zoned site.
Property Size6,000 SF
Price / SF$250
Days on Market12
Property Features for 640 Rodi Rd
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Traffic Count
Road Access
Mixed-Use Components
Additional Details
Sprinkler System
Property Use
Amenities
security system
Building Details
Buildings
Stories
Construction
Listing Agency:
Prudential Realty Company
Listed By:
David Hanley · License PA RM421195
(412) 860-2262
Source:
Crexi
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 6:18PM
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 Prudential Realty Company
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Investment Insights
Based on property information with market context.
The property combines three buildings: a two-story professional office building of 6,000 +/- square feet, a one-story retail building of 3,600 +/- square feet, and a one-story warehouse of 2,548 +/- square feet. The office building is approximately 40 years old and has a rubber roof installed 10 years ago, a sprinkler system, and security system. The retail building received new HVAC in 2019.
The site has approximately 400 feet of frontage on Rodi Road and a traffic count of approximately 26,000 vehicles per day. Zoning is M (Mixed Use), with parking lots at the front and rear.
The site has approximately 400 feet of frontage on Rodi Road and a traffic count of approximately 26,000 vehicles per day. Zoning is M (Mixed Use), with parking lots at the front and rear.
Key Highlights
- 6,000 +/- sq. ft. two‑story professional office building
- 3,600 +/- square foot one‑story retail building with HVAC replaced in 2019
- 2,548 +/- square foot one‑story warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,648
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,532,960
$1.5M
Cap Rate 7%
$1,094,971
$1.1M
Cap Rate 9%
$851,644
$851.6K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$135.4K $22.56/SF
− Vacancy
−$33.2K −$5.53/SF
EGI
$102.2K $17.03/SF
− OpEx
−$25.5K −$4.26/SF
NOI
$76.6K $12.77/SF
Area
ZIP 15235
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%
$1,532,960
Cap Rate 7%
$1,094,971
Cap Rate 9%
$851,644
Alternative Uses
Best Use
Office B
$1.09M
$958.1K – $1.28M
NOI $76,648 @ 7.0% cap · market cap 5.11%
Second Best
Mixed Use
$896.8K
$784.7K – $1.05M
NOI $62,775 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,761 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
26,000 VPD
Traffic count
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
244
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Pittsburgh
Vacancy Rate% for Office in Pittsburgh, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office, retail, and warehouse space are configured across separate buildings on an M-zoned site.
Where is this mixed-use property located?
The property is located at 640 Rodi Rd Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,000 +/- sq. ft. two‑story professional office building; 3,600 +/- square foot one‑story retail building with HVAC replaced in 2019; 2,548 +/- square foot one‑story warehouse
