Flex Space with Secured Storage
New
For Sale
Contact for pricing
99 Center St, East Pittsburgh, PA 15104
Commercial flex building with offices, support areas, three-phase power, and secured outdoor storage.
Property Size5,585 SF
Lot Size0.50 Acres
Price / SF$116.38
Days on Market5
Property Features for 99 Center St
General Information
Standard status
Active
Size
5,585 SF
Lot size
0.50 Acres
Property subtype
INDUSTRIAL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
14.5 ft
Drive-In Doors
1
Three-Phase Power
Yes
Amenities
backup generator
security system with cameras
conference room
kitchen
Listing Agency:
SVN | Three Rivers Commercial Advisors
(724) 759-5164
Listed By:
Garrett Cheran · License #RSS346228
(724) 759-5164
Source:
Moodyscre
Added: Aug 12
Changed: Aug 15
Last Checked: Aug 16 at 7:38AM
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.
This 5,585-square-foot flex property includes three offices, a kitchen, bathroom, conference room, and mezzanine storage. The building has a 14-foot drive-in door, 14'6" clear height, three-phase power, and a security system with cameras. A backup generator supports the property, while the new roof installed in 2024 includes drains.
Approximately 0.5 acre of secured, fenced parking and outside storage provides additional utility for the site. The property is located at 99 Center St in East Pittsburgh, PA 15104.
Approximately 0.5 acre of secured, fenced parking and outside storage provides additional utility for the site. The property is located at 99 Center St in East Pittsburgh, PA 15104.
Key Highlights
- 5,585 SF flex property with 3 offices, kitchen, bathroom, and conference room
- Approximately 0.5 acre of secured, fenced parking and outside storage
- 1 drive‑in door measuring 14 ft; clear height of 14'6"
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
$36,181
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
5.57%
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%
$723,620
$723.6K
Cap Rate 7%
$516,871
$516.9K
Cap Rate 9%
$402,011
$402.0K
Market Conditions
NOI Build-Up for 5,585 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
$45.6K $8.16/SF
− Vacancy
−$3.0K −$0.54/SF
EGI
$42.6K $7.62/SF
− OpEx
−$6.4K −$1.14/SF
NOI
$36.2K $6.48/SF
Area
Allegheny County, PA
Vacancy
6.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
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%
$723,620
Cap Rate 7%
$516,871
Cap Rate 9%
$402,011
Alternative Uses
Best Use
Warehouse
$516.9K
$452.3K – $603.0K
NOI $36,181 @ 7.0% cap · market cap 5.57%
Second Best
Industrial
$425.7K
$372.5K – $496.6K
NOI $29,796 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,581 @ 7.0% cap · market cap 15.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 15104, PA
7,858
Population
4,616
Households
1.7
Avg Household Size
38
Median Age
14%
College-Educated
93%
High-School Grad
2.5 sq mi
ZIP Area
3,143
Density / Sq Mi
$34,125
Median Household Income
$30,700
Median Earnings
$642
Median Rent
$56,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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- Fusion 20 — 503 Bessemer Ave, East Pittsburgh, PA 15112
Frequently Asked Questions
What type of property is this?
Flex space - Commercial flex building with offices, support areas, three-phase power, and secured outdoor storage.
Where is this flex space located?
The property is located at 99 Center St East Pittsburgh, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 5,585 SF flex property with 3 offices, kitchen, bathroom, and conference room; Approximately 0.5 acre of secured, fenced parking and outside storage; 1 drive‑in door measuring 14 ft; clear height of 14'6"
