Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3636 Blvd Of The Allies Pittsburgh, PA 15213

    • Office Properties & Spaces
    • 29,106 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Institute for Transfusion Medicine / Medical Center
    • Debra A. Voss, PT / Physical Therapist
    • Triulzi Darrell J MD / Doctor / Pathologist
    • Qu Lirong MD / Doctor
    • Dr. Enrico M. Novelli, MD / Hematologist

    Property Details for 3636 Blvd Of The Allies

    Property size
    29,106 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This exceptional redevelopment opportunity presents 29,106 square feet of vacant Class B medical office space situated on a 21,000 square foot lot at 3636 Boulevard of the Allies in Pittsburgh, Pennsylvania, zip code 15213. The property is ideally located in the heart of Oakland, a vibrant neighborhood known for its concentration of education, technology, and medical industries, fueled by the presence of the University of Pittsburgh and Carnegie Mellon University. Its strategic corner location at the intersection of Boulevard of the Allies and Dawson Street offers unparalleled visibility and accessibility. The property is for sale by owner and presents a prime opportunity for owner-users or developers seeking a high-impact redevelopment project. Given its proximity to major universities and thriving neighborhoods like Shady Side, East Liberty, Bakery Square, and the South Side, this location offers exceptional potential for a variety of uses. The property's size and location make it an attractive investment for those seeking to capitalize on Pittsburgh's dynamic growth. This is a vacant building, allowing for complete customization to suit the buyer's specific needs. The property is offered as a fee simple sale.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9533
    Latitude
    40.4344

    Comparable in this City

    • Value Estimation by Request
      0.33 Acres

      233 Mckee Pl

      Medical offices • 14,560 SF
      233 Mckee Pl, Pittsburgh, PA 15213
      View Details
    • Value Estimation
      $115,000
      0.22 Acres

      3519 Bigelow Blvd

      MEDICAL BUILDING • 0.22 Acres
      3519 Bigelow Blvd, Pittsburgh, PA 15213-1023
      View Details
    • Value Estimation by Request
      0.24 Acres

      4925 Baum Blvd

      MEDICAL BUILDING • 0.24 Acres
      4925 Baum Blvd, Pittsburgh, PA 15213-1308
      View Details
    • Value Estimation by Request
      0.24 Acres

      4929 Ctr Ave

      MEDICAL BUILDING • 0.24 Acres
      4929 Ctr Ave, Pittsburgh, PA 15213-1805
      View Details
    • Value Estimation by Request
      3.64 Acres

      3380 Blvd Of The Allies

      MEDICAL BUILDING • 3.64 Acres
      3380 Blvd Of The Allies, Pittsburgh, PA 15213-3125
      View Details
    • Value Estimation
      $3,295,000
      0.44 Acres

      4923 Ctr Ave

      MEDICAL BUILDING • 0.44 Acres
      4923 Ctr Ave, Pittsburgh, PA 15213-1805
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      32,763 SF

      Keystone Building: Oakland Office

      Prime Oakland location, 32,763 SF office building.
      3520 5Th Ave, Pittsburgh, PA 15213
      View Details
    • $135,000

      Oakland Office Space: Prime Location

      Two-room office, great natural light, parking.
      552 Neville St, Oakland, PA 15213
      View Details
    • Contact for pricing
      15,700 SF

      Oakland Office Building For Sale

      Well-maintained office building in the heart of Oakland.
      3347 Forbes Ave, Pittsburgh, PA 15213
      View Details
    • Contact for pricing
      12,000 SF

      Improved Office Space Available

      Second-generation office space with valuable improvements and parking.
      220 Meyran Ave, Pittsburgh, PA 15213
      View Details
    • New
      $600,000
      15,000 SF

      Mixed-Use Building in North Oakland

      Multi-use building near hospitals, businesses, and universities.
      420 N Craig St, Pittsburgh, PA 15213
      View Details
    • $599,900
      0.03 Acres

      HIGH CEILINGS

      SKYLITES
      420 Craig St, Oakland, PA 15213
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      21,000 SF

      Oakland Office Space For Rent

      Office space for rent in Oakland, Pittsburgh with parking.
      4638 Centre Ave, Pittsburgh, PA 15213
      View Details
    • Contact for pricing
      1,161 SF

      Renovated Medical Office Space Available

      Full-floor medical suite with on-site parking and excellent visibility.
      3109 Forbes Ave, Pittsburgh, PA 15213
      View Details
    • Contact for pricing
      1,400 SF

      High-Traffic Corner Location on Baum

      Retail, medical, or specialty office space with drive-thru lanes.
      4764 Baum Blvd, Pittsburgh, PA 15213
      View Details
    • $15 SF/Yr
      632 SF

      Office Space Available For Rent

      632 square foot office space available for lease.
      160 N Craig St, Pittsburgh, PA 15213
      View Details
    • $33 SF/Yr
      14,000 SF

      Two-Story Office Building For Rent

      Move-in ready office building with private parking and walkable location.
      262 Mckee Pl, Pittsburgh, PA 15213
      View Details
    • $18 SF/Yr
      2,552 SF

      Office Space in Pittsburgh

      Office space available for lease, totaling 2,552 square feet.
      155 N Craig St, Pittsburgh, PA 15213
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3636 Blvd Of The Allies
    Pittsburgh, PA 15213
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.