Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1305 Grandview Ave Pittsburgh, PA 15211

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1305 Grandview Ave Pittsburgh, PA 15211

    View on Map
    • Office properties & Spaces
    • 1,188 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Joseph T. Grice, DC / Alternative Medicine Practice
    • Grice Chiropractic / Alternative Medicine Practice
    • Dr. Garrett Young / Alternative Medicine Practice
    • Flynn Construction Management / Construction Company
    • Vector Partners Finance International / Consultant

    Property Details for 1305 Grandview Ave

    Year built
    1985
    Property size
    1,188 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional 1,188 square foot executive office condo is situated in the desirable Trimont Plaza at 1305 Grandview Avenue, Pittsburgh, PA 15211. Built in 1985 and renovated in 1997, this Class B office space offers a functional and efficient layout. The suite boasts three individual offices, a reception area, a conference/work room, a server room, and a private bath. The space includes new forced-air heating and air conditioning. Four indoor parking spaces are included, a significant advantage in this location. The unit is located on the ground floor, providing convenient street-level access. Monthly condo fees cover water, sewage, garbage disposal, and the circulating HVAC system. The building offers security and is part of a larger complex including 115 luxury residential units and 16 commercial offices. This property is zoned for commercial use and presents a fantastic opportunity for a variety of businesses. The asking price is $144,000, translating to $121.21 per square foot. This is a single-unit, privately owned property with Allegheny County APN 6-m-312-2116. The property's convenient location on Grandview Avenue makes it ideal for a variety of office or quasi-retail uses. The current configuration features private offices and a training/conference room with a kitchenette.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.0203
    Latitude
    40.4384

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      1230 Grandview Ave

      CONDOMINIUM OFFICES • 0.18 Acres
      1230 Grandview Ave, Pittsburgh, PA 15211-1204
      View Details
    • Value Estimation by Request
      3,800 SF

      450 Trimont Ln

      Office properties & Spaces • 3,800 SF
      450 Trimont Ln, Pittsburgh, PA 15211
      View Details
    • Value Estimation by Request
      3,800 SF

      450 Trimont Ln

      Office properties & Spaces • 3,800 SF
      450 Trimont Ln, Pittsburgh, PA 15211
      View Details
    • Value Estimation by Request
      10,404 SF

      1301 Grandview Ave

      Office properties & Spaces • 10,404 SF
      1301 Grandview Ave, Pittsburgh, PA 15211
      View Details
    • Value Estimation by Request
      0.03 Acres

      234 Shiloh St

      OFFICE BUILDING • 0.03 Acres
      234 Shiloh St, Pittsburgh, PA 15211-1639
      View Details
    • Value Estimation by Request
      0.11 Acres

      1216-1218 Grandview Ave

      OFFICE BUILDING • 0.11 Acres
      1216-1218 Grandview Ave, Pittsburgh, PA 15211
      View Details

    Similar Nearby for Sale

    • $1,650,000
      10,505 SF

      Mt. Washington Investment Opportunity

      Prime Pittsburgh building, city views, parking.
      55 Wyoming St, Pittsburgh, PA 15211
      View Details
    • $349,999
      0.17 Acres

      Versatile Redevelopment Opportunity in Pittsburgh

      Vacant church in Mt. Washington, primed for transformation.
      67 Southern Ave, Pittsburgh, PA 15211
      View Details
    • Contact for pricing
      1,188 SF

      Office Condo on Grandview Avenue

      Office condo with ground floor access available for sale.
      1305 Grandview Ave, Pittsburgh, PA 15211
      View Details
    • Contact for pricing
      3,800 SF

      450 Trimont Ln, Pittsburgh, PA 15211

      Office Units • 3,800 SF
      450 Trimont Ln, Pittsburgh, PA 15211
      View Details
    • $1,650,000

      Mt. Washington Versatile Building

      10,505 SF building in Pittsburgh's Mt. Washington neighborhood.
      55 Wyoming St, Pittsburgh, PA 15211
      View Details
    • Contact for pricing

      Mt. Washington Church Redevelopment Opportunity

      Vacant church in iconic neighborhood, versatile redevelopment potential.
      67 Southern Ave, Pittsburgh, PA 15211
      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.
    1305 Grandview Ave
    Pittsburgh, PA 15211
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!