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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Investment properties
1700 Is Ave Pittsburgh, PA 15233-1002
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2021868
Property summary
AI-generated overview
This exceptional industrial warehouse property, located at 1700 Island Ave in Pittsburgh, Pennsylvania, offers 175,000 square feet of total building space. The property is zoned RIV-GI Riverfront General Industrial within Allegheny County and sits on a 2.203-acre lot. Currently, there is 51,000 square feet of vacant space available, divisible into units as small as 1,000 square feet, with a maximum contiguous space of 13,000 square feet. The building features multiple floors, equipped with convenient amenities for tenants including freight elevators, truck docks, and ground-level roll-up doors. This prime location provides unparalleled access to major transportation arteries, including Route 65 and I-376, as well as convenient access to the stadium area. The property's strategic location and versatile space make it ideal for a variety of industrial and warehousing needs. The zip code is 15233. This is a multi-tenant property. Serious inquiries only.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
2.2 ac (95,976 SF)
APN
21-D-43
UPID
US73-2021868
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Flyspace Productions Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.50M
Owner & transaction history
Island Ave Holdings L L C · 3 yrs held
Island Ave Holdings L L C
since 2022
Last sale
$3.7M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pittsburgh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pittsburgh submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,365,000
ML approach
$3,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.65M (Nov 10 2022)
Last sale anchor
$3.65M
Nov 10 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$17,487
Tax year 2024
Assessed value
$759,000
Assessed 2024
Previous assessed
$759,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$220,000
Assessed improvement
$539,000
Land market value
$220,000
Improvement market value
$539,000
Total market value
$759,000
Applied tax rate
127.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Heating
NONE
Lot
2.2 ac (95,976 SF)
APN
21-D-43
UPID
US73-2021868
Jurisdiction
ALLEGHENY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
2.2 ac
Current owner
From public records · entity-resolved
Island Ave Holdings L L C
Entity
Mailing address
1700 IS AVE, PITTSBURGH, PA 15233-1002
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
—
Island Ave Holdings L L C
—
Deed
related
$200,000 · Small Business Administration
Nov 10, 2022
$3,650,000
Island Ave Holdings L L C
L O C 9 L L C
Special Warranty Deed
$3,202,600 · Huntington Natl Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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