Office Flex Building with
For Sale
Contact for pricing
Pending
810 NOBLESTOWN RD, Carnegie, PA 15106
Distinctive office flex layout with production and storage space, upper-level offices, and ample onsite parking.
Property Size2,952 SF
Lot Size0.51 Acres
Days on Market99
Property Features for 810 NOBLESTOWN RD
General Information
Standard status
Pending
Size
2,952 SF
Class
A
Lot size
0.51 Acres
Property subtype
Retail, Office, Mixed Use
Zoning
Office Commercial
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1931
Year Renovated
1962
Buildings
1
Units
1
Listing Agency:
Guardian Realty Solutions, Llc
Listed By:
Christina Bucciero · License #PA RM423313
(412) 829-0900
Source:
Crexi
Added: May 29
Changed: Aug 28
Last Checked: Aug 14 at 7:27AM
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 Guardian Realty Solutions, Llc
Investment Insights
Based on property information with market context.
810 Noblestown Road is a distinctive office/flex property built in 1931 and designed across two parcels totaling approximately 0.51 acres. The building offers a flexible interior arrangement with private offices, production/storage space, and an upper-level office accessible via spiral staircase. A lower level is available with both interior and exterior access, supporting practical day-to-day operations and space separation.
The property features more than 12 onsite parking spaces and multiple access points from Noblestown Road, Hawthorne Street, and Mansfield Avenue. Direct access to an active bus line is noted, which can be helpful for customer and employee transit. The building’s architecture includes Egyptian Revival-inspired detailing with intricate terra cotta work and sphinx features at the main entrance.
Recent capital improvements include a new roof installed in 2024 and a new air conditioning unit replaced in 2024. Zoned Office Commercial (OC), the property is positioned for office users and service-oriented businesses, as well as industrial, redevelopment, and mixed-use opportunities consistent with the OC zoning designation. With public utilities available onsite, it may suit owner-users or investors looking for an architecturally notable, adaptable space.
The property features more than 12 onsite parking spaces and multiple access points from Noblestown Road, Hawthorne Street, and Mansfield Avenue. Direct access to an active bus line is noted, which can be helpful for customer and employee transit. The building’s architecture includes Egyptian Revival-inspired detailing with intricate terra cotta work and sphinx features at the main entrance.
Recent capital improvements include a new roof installed in 2024 and a new air conditioning unit replaced in 2024. Zoned Office Commercial (OC), the property is positioned for office users and service-oriented businesses, as well as industrial, redevelopment, and mixed-use opportunities consistent with the OC zoning designation. With public utilities available onsite, it may suit owner-users or investors looking for an architecturally notable, adaptable space.
Key Highlights
- Distinctive office/flex property built in 1931 on approx. 0.51 acres across two parcels in Carnegie, PA
- Approx. 2,952 SF flexible layout with private offices, production/storage space, and an upper‑level office accessed via spiral staircase
- Lower level accessible from both interior and exterior, with multiple access points from Noblestown Road, Hawthorne Street, and Mansfield Avenue
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
$15,749
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
4.26%
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%
$314,980
$315.0K
Cap Rate 7%
$224,986
$225.0K
Cap Rate 9%
$174,989
$175.0K
Market Conditions
NOI Build-Up for 2,952 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
$24.1K $8.16/SF
− Vacancy
−$1.6K −$0.54/SF
EGI
$22.5K $7.62/SF
− OpEx
−$6.7K −$2.29/SF
NOI
$15.7K $5.34/SF
Area
Allegheny County, PA
Vacancy
6.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
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%
$314,980
Cap Rate 7%
$224,986
Cap Rate 9%
$174,989
Alternative Uses
Best Use
Industrial
$225.0K
$196.9K – $262.5K
NOI $15,749 @ 7.0% cap · market cap 4.26%
Second Best
Flex RnD
$208.9K
$182.8K – $243.7K
NOI $14,624 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$751.9K
$657.9K – $877.2K
NOI $52,634 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15106, PA
19,166
Population
10,039
Households
1.9
Avg Household Size
43
Median Age
36%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
1,917
Density / Sq Mi
$72,112
Median Household Income
$50,561
Median Earnings
$990
Median Rent
$190,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Distinctive office flex layout with production and storage space, upper-level offices, and ample onsite parking.
Where is this flex space located?
The property is located at 810 NOBLESTOWN RD Carnegie, PA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Distinctive office/flex property built in 1931 on approx. 0.51 acres across two parcels in Carnegie, PA; Approx. 2,952 SF flexible layout with private offices, production/storage space, and an upper‑level office accessed via spiral staircase; Lower level accessible from both interior and exterior, with multiple access points from Noblestown Road, Hawthorne Street, and Mansfield Avenue
