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    15 Duff Rd and 11620 Frankstown Rd Pittsburgh, PA 15235
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    15 Duff Rd and 11620 Frankstown Rd Pittsburgh, PA 15235

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    • Shopping centers
    For Sale
    $2,375,000
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    Penn Hills Shopping Center For Sale
    $2,375,000
    28,555 SF

    Penn Hills Shopping Center

    Penn Hills Shopping Center

    15 Duff Rd and 11620 Frankstown Rd, Pittsburgh, PA 15235
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shopping centers

    Property Details for 15 Duff Rd and 11620 Frankstown Rd

    Property type
    Shopping centers
    Property subtype
    Retail properties & Spaces

    Description

    SVN Three Rivers Commercial Advisors is pleased to present for sale Penn Hills Shopping Center, two retail plazas located at 15 Duff Rd and 11620 Frankstown Rd in Penn Hills. 15 Duff Rd is a four story office/retail plaza totaling 16,805 SF. The property has 141' of frontage and 20 parking spaces. Renovated in 2017. 11620 Frankstown Rd is a two story office/retail plaza totaling 11,750 SF. The property has 223' of frontage and 35 parking spaces.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    State
    Pennsylvania
    Longitude
    -79.8739
    Latitude
    40.4598

    Comparable in this City

    • Value Estimation by Request

      12224 Frankstown Rd

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      146,513 SF

      3462 William Penn Hwy

      Lifestyle centers • 146,513 SF
      3462 William Penn Hwy, Pittsburgh, PA 15235
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      3,953 SF

      12012 Frankstown Rd

      Individual retail properties • 3,953 SF
      12012 Frankstown Rd, Penn Hills, PA 15235
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    • Value Estimation by Request

      11606 Penn Hills Dr

      Multifamily properties
      11606 Penn Hills Dr, Penn Hills, PA 15235
      View Details
    • Value Estimation
      $735,000
      15.97 Acres

      3550 William Penn Hwy

      DEPARTMENT STORE • 15.97 Acres
      3550 William Penn Hwy, Pittsburgh, PA 15235-5414
      View Details
    • Value Estimation
      $2,985,000
      1.82 Acres

      10600 Frankstown Rd

      DEPARTMENT STORE • 1.82 Acres
      10600 Frankstown Rd, Pittsburgh, PA 15235-3074
      View Details

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      34,000 SF

      Retail Property Available in Pittsburgh

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      Penn Hills Retail Shopping Center

      Two retail plazas totaling 36,500 SF for sale.
      11620 Frankstown Rd, Pittsburgh, PA 15235
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      Penn Hills Mixed-Use Investment Opportunity

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      Two Parcels on Rodi Road

      Two well-maintained parcels ideal for auto sales or retail.
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      Auto Sales Property For Sale

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      2,700 SF

      Retail Building Available For Rent

      2700 SF retail building available for rent.
      208 Rodi Rd, Pittsburgh, PA 15235
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      2,438 SF

      Class A Office and Retail Space

      Office and retail spaces with premier amenities and easy access.
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      3,038 SF

      Class A Office and Retail

      Premier office and retail location with many amenities.
      3424 William Penn Hwy, Pittsburgh, PA 15235
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      12,044 SF

      Class A Office and Retail

      Premier office and retail location with great amenities and access.
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      703 SF

      Class A Office and Retail

      Office and retail spaces with premier amenities and easy access.
      400 Penn Center Blvd, Pittsburgh, PA 15235
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      Retail, Restaurant, Office Space Available

      Located on Business Route 22, easy access to Monroeville.
      3465 William Penn Hwy, Pittsburgh, PA 15235
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      8,000 SF

      Retail Space Available For Lease

      8,000 sq ft retail space for lease.
      10710 Frankstown Rd, Pittsburgh, PA 15235
      View Details
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    Pittsburgh, PA 15235
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    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
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