Former Gas Station on 1.5
For Sale
Contact for pricing
1330 Banksville Rd, Pittsburgh, PA 15216
Former gas station on a busy commercial street.
Property Size2,000 SF
Lot Size1.50 Acres
Price / SF$472.50
Days on Market775
Property Features for 1330 Banksville Rd
General Information
Standard status
Active
Size
2,000 SF
Class
A
Lot size
1.50 Acres
Property subtype
Retail
Zoning
c1
Lease Type
Absolute Net
Investment Type
Owner/User
Building Details
Year Built
1980
Buildings
1
Stories
1
Units
1
Listing Agency:
KW Commercial Pittsburgh South
(412) 831-3800
Listed By:
Doug German · License #PA 207380L
Source:
Crexi
Added: Jul 19, 2024
Changed: Aug 27
Last Checked: Aug 31 at 5:47AM
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 KW Commercial Pittsburgh South
Investment Insights
Based on property information with market context.
This is a former gas station situated at a signalized intersection. The existing building is 2000 square feet and the land area is 1.5 acres, with 18,000 square feet currently usable. Located on a very busy commercial street with 24-hour traffic, the property is on the going-home side of the street. With 30,000 vehicles per day, the site is suitable for a quick-service restaurant, convenience store, or re-invented gas station. The property is available for sale or corporate lease.
Key Highlights
- 1.5 acre land area with 18,000 sf currently usable.
- Located at a signaled intersection with 30,000 vehicles per day.
- High‑traffic commercial street with 24‑hour activity.
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
$27,072
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
2.86%
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%
$541,440
$541.4K
Cap Rate 7%
$386,743
$386.7K
Cap Rate 9%
$300,800
$300.8K
Market Conditions
NOI Build-Up for 2,000 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
$38.4K $19.20/SF
− Vacancy
−$2.3K −$1.15/SF
EGI
$36.1K $18.05/SF
− OpEx
−$9.0K −$4.51/SF
NOI
$27.1K $13.54/SF
Area
Pittsburgh, PA
Vacancy
6.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$541,440
Cap Rate 7%
$386,743
Cap Rate 9%
$300,800
Alternative Uses
Best Use
Specialty Retail
$386.7K
$338.4K – $451.2K
NOI $27,072 @ 7.0% cap · market cap 2.86%
Second Best
Retail
$333.0K
$291.4K – $388.5K
NOI $23,310 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$637.0K
$557.3K – $743.1K
NOI $44,587 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Explore this area
Business Placement
Demographics for 15216, PA
22,966
Population
11,194
Households
2.1
Avg Household Size
38
Median Age
47%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
6,755
Density / Sq Mi
$81,542
Median Household Income
$48,674
Median Earnings
$1,078
Median Rent
$193,700
Median Home Value
Market
Vacancy Rate% for Retail in Pittsburgh, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Former gas station on a busy commercial street.
Where is this gas station located?
The property is located at 1330 Banksville Rd Pittsburgh, PA.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 1.5 acre land area with **18,000 sf currently usable.**; Located at a **signaled intersection with 30,000 vehicles per day.**; High‑traffic commercial street with 24‑hour activity.
