Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    100 Passavant Way Pittsburgh, PA 15238-1318
    Property profile & analytics

    100 Passavant Way, Pittsburgh, PA 15238-1318

    View on Map
    • Assisted living facilities
    • 1.19 lot acres
    Off-Market
    Property ID
    US73-0949370
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Life Enrichment Trust / Law Firm
    • PDC Pharmacy Pittsburgh / Pharmacy
    • Passavant Development Corporation / Pharmacy
    • Valley Gospel Church / Church
    • Passavant Memorial Homes / Charitable Organization / Social Service Agency

    Property Details for 100 Passavant Way

    Lot size
    1.19 lot acres
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    528-R-121
    APU
    528R121

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 6, 2000 $50,000 Memorial Homes Passavant Expressway Development Grant Deed —

    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
    -79.8374
    Latitude
    40.5418
    CBSA code
    38300
    CBSA name
    PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $71,794
    $154,700
    $2,345,300
    $2,500,000
    -
    $154,700
    $2,345,300
    $2,500,000

    Comparable in this City

    • Value Estimation by Request
      0.58 Acres

      3704 Saxonburg Blvd

      HOMES (RETIRED, NURSING)
      3704 Saxonburg Blvd, Pittsburgh, PA 15238-1084
      View Details
    • Value Estimation
      $510,000
      4.80 Acres

      500 Chapel Hbr Dr

      HOMES (RETIRED, NURSING)
      500 Chapel Hbr Dr, Pittsburgh, PA 15238-3144
      View Details
    • Value Estimation by Request
      1.00 Acre

      3666 Saxonburg Blvd

      HOMES (RETIRED, NURSING)
      3666 Saxonburg Blvd, Pittsburgh, PA 15238-1184
      View Details
    • Value Estimation by Request
      1,964 SF

      709 Fairview Rd

      HOMES (RETIRED, NURSING)
      709 Fairview Rd, Pittsburgh, PA 15238-1703
      View Details
    • Value Estimation
      $525,000
      54.90 Acres

      320 Guys Run Rd

      HOMES (RETIRED, NURSING)
      320 Guys Run Rd, Pittsburgh, PA 15238-1375
      View Details
    • Value Estimation by Request
      0.22 Acres

      1100 Freeport Rd

      MEDICAL BUILDING
      1100 Freeport Rd, Pittsburgh, PA 15238-3104
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,272 SF

      Industrial Property For Sale

      Industrial property available for sale in Pittsburgh, Pennsylvania.
      104 Beta Dr, Pittsburgh, PA 15238
      View Details
    • $325,000
      Pending

      Blawnox Multi-Use Investment Opportunity

      100% occupied multi-use property with commercial space and apartments.
      306 Freeport Rd, Blawnox, PA 15238
      View Details
    • $1,100,000
      1.36 Acres

      Prime O'Hara Township Commercial Property

      Versatile Office & Warehouse Investment
      811 Boyd Ave, Pittsburgh, PA 15238
      View Details
    • Contact for pricing
      6,400 SF

      Office Building For Sale

      6,400 sqft office building available for purchase.
      272 Alpha Dr, Pittsburgh, PA 15238
      View Details
    • Contact for pricing
      225,000 SF

      RIDC O'Hara Industrial Park

      Located in Pittsburgh's economic hub, ideal for logistics.
      200 Beta Dr, Pittsburgh, PA 15238
      View Details
    • Contact for pricing
      79,000 SF

      79,000 SF Manufacturing Facility

      FDA certified facility with commercial kitchen and high ceilings.
      150 Gamma Dr, Pittsburgh, PA 15238
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Global Network Workspaces Available

      Global network of workspaces with flexible options and tailored solutions.
      246 Alpha Dr, Pittsburgh, PA 15238
      View Details
    • Sponsored
      Contact for pricing

      PA, Pittsburgh - Alpha Dr

      Discover many ways to work your way in PA, Pittsburgh - Alpha Dr
      246 Alpha Dr, Pittsburgh, PA 15238
      View Details
    • Sponsored
      Contact for pricing

      PA, Pittsburgh - Gulf Lab Rd

      Flexible workspace in PA, Pittsburgh - Gulf Lab Rd
      1200 And, Pittsburgh, PA 15238
      View Details
    • Contact for pricing
      41,484 SF

      Adaptable Flex Space Available

      41,484 RSF flex space with conversion potential.
      160 Beta Dr, Pittsburgh, PA 15238
      View Details
    • Contact for pricing
      20,100 SF

      Pittsburgh Flex / Industrial Space

      Flex / Industrial space available for lease in Pittsburgh, PA.
      267 Kappa Dr, Pittsburgh, PA 15238
      View Details
    • Contact for pricing
      4,674 SF

      Class A Office Space Available

      Up to 11,971 RSF of Class A office space for rent.
      285 Kappa Dr, Pittsburgh, PA 15238
      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.
    100 Passavant Way
    Pittsburgh, PA 15238-1318
    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

    Thank You for Inquiry
    100 Passavant Way, Pittsburgh, PA, 15238
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!