79,000 SF Manufacturing
For Sale
Contact for pricing
150 Gamma Dr, Pittsburgh, PA 15238
FDA certified facility with commercial kitchen and high ceilings.
Property Size79,000 SF
Price / SF$94.81
Days on Market1025
Property Features for 150 Gamma Dr
General Information
Standard status
Active
Size
79,000 SF
Class
A
Property subtype
Industrial
Zoning
SM-Suburban Manufacturing
Investment Type
Owner/User
Building Details
Year Built
1973
Year Renovated
2013
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
KW Commercial Pittsburgh North
Listed By:
Tim Fitzgerald · License #RS346840
(724) 933-8500
Source:
Crexi
Added: Nov 13, 2023
Changed: Aug 23
Last Checked: Aug 31 at 5:08PM
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 North
Investment Insights
Based on property information with market context.
This well-built, 79,000 square foot brick and block building features a newer EPDM roof and many updates, including 30 skylights for natural lighting and newer HVAC roof units. The facility is FDA certified for Nutraceuticals-GMP-Good Manufacturing Practice, featuring a clean room processing area. The office area benefits from larger windows for natural lighting, and LED lighting is installed throughout the building. A fully functional cafe and commercial kitchen with a separate entrance provides an amenity for employees or can be subleased for additional income. The facility includes 3 separate break rooms and multiple storage areas. High ceilings (18 ft in many areas) are present throughout the building. There are 6 docks and 4 drive-in doors, along with a 3-phase electric service with 2 separate services. Several large areas are set up for R&D. The warehouse area has a 5-ton crane. The property is located in a high-demand area and is zoned SM-Suburban Manufacturing, accommodating many uses. The space can be easily subdivided, allowing for leasing of unneeded space.
Key Highlights
- FDA certified facility with GMP clean room processing area for Nutraceuticals.
- 79,000 sq ft building with subdivision potential for leasing excess space.
- 6 docks and 4 drive‑in doors provide efficient loading.
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
$446,185
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
5.96%
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%
$8,923,700
$8.9M
Cap Rate 7%
$6,374,071
$6.4M
Cap Rate 9%
$4,957,611
$5.0M
Market Conditions
NOI Build-Up for 79,000 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
$673.1K $8.52/SF
− Vacancy
−$35.7K −$0.45/SF
EGI
$637.4K $8.07/SF
− OpEx
−$191.2K −$2.42/SF
NOI
$446.2K $5.65/SF
Area
Pittsburgh, PA
Vacancy
5.30%
Lease Rate
$8.52 /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%
$8,923,700
Cap Rate 7%
$6,374,071
Cap Rate 9%
$4,957,611
Alternative Uses
Best Use
Industrial
$6.37M
$5.58M – $7.44M
NOI $446,185 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$25.16M
$22.01M – $29.35M
NOI $1,761,187 @ 7.0% cap · market cap 23.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 15238, PA
13,266
Population
6,001
Households
2.2
Avg Household Size
47
Median Age
75%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
840
Density / Sq Mi
$124,904
Median Household Income
$78,510
Median Earnings
$1,189
Median Rent
$452,300
Median Home Value
Market
Vacancy Rate% for Industrial in Pittsburgh, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - FDA certified facility with commercial kitchen and high ceilings.
Where is this manufacturing property located?
The property is located at 150 Gamma Dr Pittsburgh, PA.
What is the asking price?
The asking price for this property is $7,490,000.
What are key features of this property?
This property features: FDA certified facility with GMP clean room processing area for Nutraceuticals.; 79,000 sq ft building with subdivision potential for leasing excess space.; 6 docks and 4 drive‑in doors provide efficient loading.
