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

    3521-3523 Run Rd Munhall, PA 15120

    • Apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 3521-3523 Run Rd

    Year built
    1970
    Property type
    Apartment buildings

    Description

    This turnkey multifamily investment opportunity in Munhall, Pennsylvania, presents a well-maintained 12-unit apartment building built in 1970. The property consists of two identical buildings, each featuring six units: five one-bedroom apartments and one efficiency apartment. Recent upgrades include new roofs and windows, updated kitchens, bathrooms, and flooring, eliminating any deferred maintenance. The property boasts a 12-car parking lot and includes eight coin-operated laundry machines generating approximately $2,269 in annual income. Utilities are included for the two efficiency units, while one-bedroom tenants are responsible for gas and electric. Each apartment includes central air conditioning, a private storage locker, and a master key system provides convenient access. The common area patio has been professionally updated with commercial-grade brick pavers, concrete planters, a new wall, and concrete steps with a commercial railing. The property sits on a 2,178 square foot lot and is offered at $995,000, representing an 8.24% cap rate. This is an excellent opportunity for investors seeking a stable, high-performing multifamily asset with minimal deferred maintenance. A virtual tour is available online.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Munhall
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9124
    Latitude
    40.3863

    Comparable in this City

    • Value Estimation by Request
      15,000 SF

      215 9Th Ave

      Multifamily properties • 15,000 SF
      215 9Th Ave, Homestead, PA 15120
      View Details
    • Value Estimation by Request
      0.08 Acres

      3101 Main St

      VACANT COMMERCIAL LAND • 0.08 Acres
      3101 Main St, Homestead, PA 15120-2729
      View Details
    • Value Estimation by Request
      1.87 Acres

      Mcclure St

      INDUSTRIAL - VACANT LAND • 1.87 Acres
      Mcclure St, Homestead, PA 15120
      View Details
    • Value Estimation by Request
      0.49 Acres

      1416 Ravine St

      VACANT COMMERCIAL LAND • 0.49 Acres
      1416 Ravine St, Homestead, PA 15120-2161
      View Details
    • Value Estimation by Request
      0.19 Acres

      Riv Rd

      INDUSTRIAL - VACANT LAND • 0.19 Acres
      Riv Rd, Homestead, PA 15120
      View Details
    • Value Estimation by Request
      0.39 Acres

      Riv Rd

      INDUSTRIAL - VACANT LAND • 0.39 Acres
      Riv Rd, Homestead, PA 15120
      View Details

    Similar Nearby for Sale

    • $299,000
      0.06 Acres

      Mixed-Use Property on E. 8th

      Mixed-use property with commercial space and apartments in Homestead, PA.
      340 E 8 Ave, Homestead, PA 15120
      View Details
    • New
      $310,000
      0.06 Acres

      Mixed-Use Property with Updated Apartments

      Multi-unit commercial property featuring updated apartments and storage bays.
      526 E 8 Ave, Munhall, PA 15120
      View Details
    • $399,900
      0.08 Acres

      West Homestead Mixed-Use Investment Opportunity

      Mixed-use property with storefronts and apartments, great income potential.
      407-409 W 8Th Ave, West Homestead, PA 15120
      View Details
    • $1,147,000
      14,180 SF

      Homestead Mixed-Use Investment Opportunity

      Mixed-use property with retail, residential, and office/warehouse spaces.
      504-510 E 8 Ave, Homestead, PA 15120
      View Details
    • $160,000
      0.09 Acres

      Spacious Duplex in Homestead

      Income-producing duplex with separate utilities near Waterfront, I-376, and Route 837.
      337 E 12Th Ave, Homestead, PA 15120
      View Details
    • New
      $310,000
      0.06 Acres

      Mixed-Use Property with Updated Apartments

      Multi-unit commercial property featuring updated apartments and storage bays.
      526 E 8 Ave, Munhall, PA 15120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      56,054 SF

      Homestead Retail Powerhouse

      Prime Allegheny County Shopping Center
      185 Waterfront Dr, Homestead, PA 15120
      View Details
    • Contact for pricing
      40,000 SF

      Homestead Restaurant/Brewery Space

      Prime Location, 3,000+ SF Available
      145 8 Ave, Homestead, PA 15120
      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.
    3521-3523 Run Rd
    Munhall, PA 15120
    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.
    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.