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    Property profile & analytics

    1700 Island Ave Pittsburgh, PA 15233

    • Investment properties
    • 2.20 lot acres
    For Lease
    View listing
    $8,500 /Mo
    Value Estimation
    $3,455,000
    Last Sale
    Nov 10, 2022
    $3,650,000
    Location Intelligence
    Property ID
    US73-2021868
    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

    • Flyspace Productions / Corporate Office

    Property Details for 1700 Island Ave

    Lot size
    2.20 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    21-D-43
    APU
    21D43

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,430,000
      6.5%
      $4,020,000
      7%
      $3,920,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,550,000
      Geo Method
      $3,705,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,025,000
      Retail
      $3,235,000
      Mixed-Use
      $3,995,000
      Hospitality
      $3,000,000
      Educational
      $4,015,000
      Residential Income
      $4,075,000
      Energy
      $3,570,000
      Income-Based Land
      $3,310,000
      Food Service
      $3,145,000

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.0341
    Latitude
    40.4622
    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
    $17,487
    $220,000
    $539,000
    $759,000
    -
    $220,000
    $539,000
    $759,000

    Comparable in this City

    • Value Estimation
      $210,000
      0.06 Acres

      911 Western Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.06 Acres
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      View Details
    • Value Estimation
      $295,000
      0.13 Acres

      913-915 Western Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.13 Acres
      913-915 Western Ave, Pittsburgh, PA 15233
      View Details
    • Value Estimation
      $220,000
      0.05 Acres

      820 Chapel Way

      OFFICE/RESIDENTIAL (MIXED USE) • 0.05 Acres
      820 Chapel Way, Pittsburgh, PA 15233-1808
      View Details
    • Value Estimation
      $205,000
      0.02 Acres

      806 Western Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.02 Acres
      806 Western Ave, Pittsburgh, PA 15233-1716
      View Details
    • Value Estimation
      $210,000
      0.02 Acres

      808 Western Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.02 Acres
      808 Western Ave, Pittsburgh, PA 15233-1716
      View Details
    • Value Estimation
      $215,000
      0.10 Acres

      848 Western Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.10 Acres
      848 Western Ave, Pittsburgh, PA 15233-1716
      View Details

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    Similar Nearby for Lease

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    • $8,500 /Mo
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      Industrial Space with Truck Docks

      Industrial space featuring truck docks and freight elevator access.
      1700 Island Ave, Pittsburgh, PA 15233
      View Details
    • Contact for pricing
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      North Shore Office Space Available

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    Pittsburgh, PA 15233
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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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