Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1918 Smallman St, Unit 1930 Pittsburgh, PA 15222-4426
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1918 Smallman St, Unit 1930 Pittsburgh, PA 15222-4426

    View on Map
    • Turn key restaurants
    • 0.41 lot acres
    Off-Market
    Last Sale Oct 1, 2021
    $3,200,000
    Property ID
    US73-0560161
    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
    $3,180,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • LegalSifter / Consultant
    • GNC / (Bike/Boat/Book/etc) Store / Pharmacy
    • Smorey Giger Law / Law Firm

    Property Details for 1918 Smallman St

    Lot size
    0.41 lot acres
    Property type
    Turn key restaurants
    APN
    9-D-68
    APU
    9D68

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,135,000
      ML approach
      $2,970,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9848
    Latitude
    40.4513
    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
    $46,817
    $901,500
    $1,130,500
    $2,032,000
    -
    $901,500
    $1,130,500
    $2,032,000

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      2549 Penn Ave

      RESTAURANT • 0.16 Acres
      2549 Penn Ave, Pittsburgh, PA 15222-7601
      View Details
    • Value Estimation by Request
      0.06 Acres

      2117 Penn Ave

      RESTAURANT • 0.06 Acres
      2117 Penn Ave, Pittsburgh, PA 15222-4419
      View Details
    • Value Estimation by Request
      0.06 Acres

      2852 Penn Ave

      RESTAURANT • 0.06 Acres
      2852 Penn Ave, Pittsburgh, PA 15222-4714
      View Details
    • Value Estimation by Request
      0.08 Acres

      14 Smithfield St

      RESTAURANT • 0.08 Acres
      14 Smithfield St, Pittsburgh, PA 15222-2202
      View Details
    • Value Estimation by Request
      0.03 Acres

      628 Smithfield St

      RESTAURANT • 0.03 Acres
      628 Smithfield St, Pittsburgh, PA 15222-2521
      View Details
    • Value Estimation
      $2,400,000
      0.17 Acres

      500 Liberty Ave

      RESTAURANT • 0.17 Acres
      500 Liberty Ave, Pittsburgh, PA 15222-1871
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Downtown Retail Space with Vault

      Retail space in downtown Pittsburgh with high ceilings and amenities.
      316 4Th Ave, Pittsburgh, PA 15222
      View Details
    • Contact for pricing

      Strip District Restaurant Opportunity

      Restaurant and bar with long-term tenant in the Strip District.
      2117 Penn Ave, Pittsburgh, PA 15222
      View Details
    • $1,900,000
      0.03 Acres

      Established Restaurant and Bar Business

      Operating restaurant and bar with real estate in Downtown Pittsburgh.
      10 Market St, Pgh, PA 15222
      View Details
    • $510,000
      2,310 SF

      Restaurant Investment Opportunity in Pittsburgh

      Restaurant property in Pittsburgh's Cultural District with high visibility.
      951 Liberty Ave, Pittsburgh, PA 15222
      View Details
    • Contact for pricing

      Restaurant/Bar Space in Cultural District

      Character-rich restaurant/bar space with historic facade and kitchen.
      931 Liberty Ave, Pittsburgh, PA 15222
      View Details
    • Contact for pricing
      6,468 SF

      Two-Story Retail/Office Building For Sale

      Two-story, 6,468 SF retail/office building in Pittsburgh's Strip District.
      1421 Penn Ave, Pittsburgh, PA 15222
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Turnkey Restaurant Space in Strip

      New construction restaurant space with equipment and furnishings included.
      2550 Smallman St, Pittsburgh, PA 15222
      View Details
    • $8,000 /Mo
      13,800 SF

      Downtown Pittsburgh Retail Opportunity

      Prime ground floor retail space in downtown Pittsburgh.
      355 Downtown, Pgh, PA 15222
      View Details
    • Contact for pricing

      Retail/Restaurant Space in Luxury Building

      10,000 sq ft retail/restaurant space in downtown Pittsburgh.
      100 Forbes Ave, Pittsburgh, PA 15222
      View Details
    • Contact for pricing

      Downtown Pittsburgh Retail/Restaurant Space

      Retail/restaurant space in the Cultural District of Downtown Pittsburgh.
      130 7Th St, Pittsburgh, PA 15222
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Historic Building

      Street-level space suitable for restaurant, medical, or retail tenants.
      915 Penn Ave, Pittsburgh, PA 15222
      View Details
    • $14,835 /Mo
      14,401 SF

      Downtown Pittsburgh Retail/Event Space

      Versatile 8,000+ SF space in the heart of Downtown Pittsburgh.
      235-239 4Th Ave, Pgh, PA 15222
      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.
    1918 Smallman St, Unit 1930
    Pittsburgh, PA 15222-4426
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!