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    2016 Noble St Pittsburgh, PA 15218

    Sponsored
    For Sale
    $319,000

    High-yield daycare, 5-year lease.

    Property size:
    5,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a single-tenant, 5,300 square foot daycare center located at 2016 Noble Street in Swissvale, Pennsylvania. Situated on a 0.25-acre lot (APN: 0178-D-00298-0000-00, 0178-D-00301-0000-00) within the Central Business District, this property boasts a strong 9.53% cap rate and a substantial net operating income (NOI) of $30,408. The current tenant, operating since 2019, recently renewed their lease, ensuring a stable income stream through March 31, 2029 (a remaining term of 5 years). The property features attractive architecture, a large parking lot (separate parcel), and a newer HVAC system. The tenant is responsible for all utilities (gas, electric, water), lawn/shrubbery care, and snow removal. Annual property taxes are $7,490, and the 2023 insurance premium was $1,702. The asking price is $319,000. This property is conveniently located just 9 miles from downtown Pittsburgh, 15 minutes from the Waterfront, 10 minutes from Kennywood Park, and less than a mile from Route 376. Detailed income and expense information is available upon request. The tenant pays a monthly rent of $3,300. This is a rare opportunity to acquire a well-maintained, high-performing daycare center with a long-term lease in a desirable location. The property is zoned for Central Business District use. The building is a single-story structure. Occupancy is currently at 100%.

    Property Features for 2016 Noble St

    General Information

    Property type
    Day care centers
    Square Feet
    5,300 SF
    Lot Size
    10,890 SF

    Building Details

    Stories
    1

    HighLights

    • 5,300 SF single‑tenant daycare center in Swissvale, PA, on a 0.25‑acre lot.
    • Strong 9.53% cap rate and $30,408 NOI.
    • Long‑term lease with 5 years remaining (expires March 31, 2029), current rent $3,300/month.
    • Attractive architecture, ample parking, and newer HVAC system; tenant responsible for all utilities and maintenance.
    • Annual property taxes $7,490, 2023 insurance premium $1,702; asking price $319,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Learning Treehouse Child Care Agency Interplay Child Care ... Child Care Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.886357
    Latitude
    40.4213071

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    FAQs

    What type of property is this?
    Day care center - High-yield daycare, 5-year lease.
    Where is this day care center located?
    The property is located at 2016 Noble St Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: 5,300 SF single-tenant daycare center in Swissvale, PA, on a 0.25-acre lot.; Strong 9.53% cap rate and $30,408 NOI.; Long-term lease with 5 years remaining (expires March 31, 2029), current rent $3,300/month.
    Request Owner's contact information
    2016 Noble St Pittsburgh, PA 15218
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    Pittsburgh, PA 15218
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2016 Noble St Pittsburgh, PA 15218
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