Mt. Washington Versatile
55 Wyoming St Pittsburgh, PA 15211
55 Wyoming St, Pittsburgh, PA, 15211
$1,650,000
For Sale
$1,650,000
10,505 SF building in Pittsburgh's Mt. Washington neighborhood.
Property Size10,505 SF
Price / SF$157.07
Days on Market175
Property Features for 55 Wyoming St
General Information
- Standard status
- Active
- Size
- 10,505 SF
- Property subtype
- Office
Listing agency
SVN | Three Rivers Commercial Advisors
(412) 298-2236
Listed by
Richard L. Beynon · License #PA #AB068671
Source
Svn
Added: Jan 27 Updated: Jul 6 at 10:09AM Checked: Jul 16 at 2:58AM
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 SVN | Three Rivers Commercial Advisors
Investment Insights
Based on property information with market context.
Located in Pittsburgh's Mt. Washington neighborhood, 55 Wyoming St presents a 10,505 SF, 3-story building suitable for office or residential conversion. The property offers views of the city and river. It includes parking for 17 cars, providing accessibility for tenants or visitors. There is deck potential as well as roof top deck.
Key Highlights
- Prime office or residential conversion opportunity.
- Enjoy TREMENDOUS VIEWS of the city and river.
- Parking for 17 cars included.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $237.0k | $22.56 |
| − Vacancy | −$58.1k | −$5.53 |
| EGI | $178.9k | $17.03 |
| − OpEx | −$44.7k | −$4.26 |
| NOI | $134.2k | $12.77 |
10,505 SF · lease $22.56/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,197 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$1.58M
$1.38M – $1.85M
NOI $110,794 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$3.35M
$2.93M – $3.90M
NOI $234,193 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - 10,505 SF building in Pittsburgh's Mt. Washington neighborhood.
Where is this office building located?
The property is located at 55 Wyoming St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Prime office or residential conversion opportunity.; Enjoy TREMENDOUS VIEWS of the city and river.; Parking for 17 cars included.
