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    Property profile & analytics

    1208 Grandview Ave Pittsburgh, PA 15211-1239

    • Retail residential properties
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $885,000
    Last Sale
    Apr 11, 2025
    $1,000,000
    Location Intelligence
    Property ID
    US73-2078571
    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.

    Current Use by Public Records

    • Retail residential properties

    Property Details for 1208 Grandview Ave

    Lot size
    0.09 lot acres
    Property type
    Retail residential properties
    APN
    6-M-6
    APU
    6M6

    Description

    This exceptional three-story building, located at 1208 Grandview Avenue in Pittsburgh, Pennsylvania, presents a unique investment opportunity. Built in 1929 and extensively renovated in 2016, this 5,400 square foot property boasts a prime location offering unobstructed city views from all three floors. The building is zoned GPRC and sits on a 0.09-acre lot (APN 6-M-6). Recent improvements include a new elevator, updated building systems, a refaced façade, and a complete sprinkler system. The property is also roughed-in for electric and plumbing, providing flexibility for a variety of uses. The building is divisible into 1,800 square foot sections per floor, making it ideal for multiple tenants or a single large user. Its adaptable layout is suitable for a restaurant, executive office space, or even conversion to residential or condominium units. The building's historic charm, combined with its modern amenities and panoramic views of the city from three sides, makes it a truly remarkable property. This is a blank canvas for a creative entrepreneur or investor seeking a high-profile location in a vibrant Pittsburgh neighborhood. The property's strategic location in Allegheny County, zip code 15211, offers unparalleled access to the city's amenities and attractions.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $865,000

    • CAP approach

      CAP return
      Estimation
      6%
      $945,000
      6.5%
      $870,000
      7%
      $915,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $985,000
      Geo Method
      $945,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $920,000
      Retail
      $810,000
      Mixed-Use
      $755,000
      Hospitality
      $955,000
      Educational
      $895,000
      Residential Income
      $850,000
      Energy
      $1,050,000
      Income-Based Land
      $990,000
      Food Service
      $1,050,000

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.0184
    Latitude
    40.4381
    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
    $16,345
    $140,000
    $569,400
    $709,400
    -
    $140,000
    $569,400
    $709,400

    Comparable in this City

    • Value Estimation
      $280,000
      3,534 SF

      6 Bailey Ave

      STORES & APARTMENTS • 3,534 SF
      6 Bailey Ave, Pittsburgh, PA 15211-1702
      View Details
    • Value Estimation
      $370,000
      424 SF

      265 Republic St

      STORES & APARTMENTS • 424 SF
      265 Republic St, Pittsburgh, PA 15211-1031
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    • Value Estimation
      $225,000
      0.18 Acres

      300 Shiloh St

      STORES & APARTMENTS • 0.18 Acres
      300 Shiloh St, Pittsburgh, PA 15211-1626
      View Details
    • Value Estimation
      $290,000
      0.07 Acres

      138 Virginia Ave

      STORES & APARTMENTS • 0.07 Acres
      138 Virginia Ave, Mount Washington, PA 15211-1612
      View Details
    • Value Estimation
      $225,000
      0.10 Acres

      230 Virginia Ave

      STORES & APARTMENTS • 0.10 Acres
      230 Virginia Ave, Mount Washington, PA 15211-1512
      View Details
    • Value Estimation
      $200,000
      0.04 Acres

      17 Southern Ave

      STORES & APARTMENTS • 0.04 Acres
      17 Southern Ave, Pittsburgh, PA 15211-1927
      View Details

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    Pittsburgh, PA 15211-1239
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    Realmo Value Estimation

    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.

    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
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