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    Property profile & analytics

    1506 Carson St Pittsburgh, PA 15203

    • Investment properties
    • 0.03 lot acres
    For Sale
    View listing
    $725,000
    Value Estimation
    Last Sale
    Sep 30, 2021
    $460,000
    Location Intelligence
    Property ID
    US73-5539593
    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

    • Quick stop convenience store vape shop / Convenience Store
    • Hookah Lounge / Restaurant / Coffee Shop
    • Atm / Atm

    Property Details for 1506 Carson St

    Lot size
    0.03 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    3-H-74
    APU
    3H74

    Description

    This exceptional retail investment opportunity in Pittsburgh's vibrant Southside neighborhood presents a 2,400 square foot building situated on a substantial 1.364-acre lot at 1506 E Carson St, zip code 15203. The property boasts a strong existing income stream with the first floor currently leased to a convenience store under a five-year lease agreement. This provides immediate return on investment for the buyer. In addition to the ground floor commercial space, there is also available retail space on the second floor, offering significant potential for expansion or additional rental income. The property's prime location on East Carson Street ensures high foot traffic and visibility, benefiting from its proximity to numerous other retail establishments and popular restaurants. The high traffic count on East Carson Street, exceeding 12,350 ADT, further underscores the property's exceptional potential. This is a rare opportunity to acquire a well-positioned retail property in a thriving Pittsburgh neighborhood with a proven track record and significant upside. The asking price for this turnkey investment is $725,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $455,000

    • CAP approach

      CAP return
      Estimation
      6%
      $500,000
      6.5%
      $515,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $490,000
      Geo Method
      $525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $400,000
      Retail
      $450,000
      Mixed-Use
      $390,000
      Hospitality
      $490,000
      Educational
      $490,000
      Residential Income
      $470,000
      Energy
      $395,000
      Income-Based Land
      $395,000
      Food Service
      $460,000

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9831
    Latitude
    40.4287
    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
    $6,730
    $143,200
    $148,900
    $292,100
    -
    $143,200
    $148,900
    $292,100

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      2026 Carson St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.13 Acres
      2026 Carson St, Pittsburgh, PA 15203-1969
      View Details
    • Value Estimation by Request
      0.12 Acres

      2325 Carson St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.12 Acres
      2325 Carson St, Pittsburgh, PA 15203-2180
      View Details
    • Value Estimation by Request
      0.20 Acres

      2214 Carson St, Unit 2220

      OFFICE/RESIDENTIAL (MIXED USE) • 0.20 Acres
      2214 Carson St, Pittsburgh, PA 15203-2108
      View Details
    • Value Estimation by Request
      2.00 Acres

      2801 Carson St, Unit 2835

      OFFICE/RESIDENTIAL (MIXED USE) • 2.00 Acres
      2801 Carson St, Pittsburgh, PA 15203-5115
      View Details
    • Value Estimation by Request
      1.34 Acres

      2751 Sidney St

      OFFICE/RESIDENTIAL (MIXED USE) • 1.34 Acres
      2751 Sidney St, Pittsburgh, PA 15203-5131
      View Details
    • Value Estimation
      $195,000
      0.07 Acres

      104 19th St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.07 Acres
      104 19th St, Pittsburgh, PA 15203-1889
      View Details

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    1506 Carson St
    Pittsburgh, PA 15203
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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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