Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1998 Drennen Rd, Unit 2000 Pittsburgh, PA 15239-1202

    • Manufacturing properties
    • 3,264 SF
    • 15.94 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    6.6%
    Manufacturing properties
    Location Intelligence
    Property ID
    US73-1479439
    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

    • X-Act Manufacturing Services LLC / Machine Shop

    Property Details for 1998 Drennen Rd

    Year built
    1963
    Construction
    BRICK
    Lot size
    15.94 lot acres
    Property size
    3,264 SF
    Property type
    Manufacturing properties
    APN
    1235-D-309
    APU
    1235D309

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $305,000
      6.5%
      $285,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $419,000
      Market price range: $372k - $779k

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.7031
    Latitude
    40.5179
    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
    $10,326
    $149,800
    $159,500
    $309,300
    -
    $149,800
    $159,500
    $309,300

    Comparable in this City

    • Value Estimation
      $420,000
      8.80 Acres

      535 Old Frankstown Rd

      MANUFACTURING (LIGHT) • 8.80 Acres
      535 Old Frankstown Rd, Pittsburgh, PA 15239-1858
      View Details
    • Value Estimation
      $310,000
      2.00 Acres

      575 Davidson Rd

      MANUFACTURING (LIGHT) • 2.00 Acres
      575 Davidson Rd, Pittsburgh, PA 15239-1735
      View Details
    • Value Estimation
      $375,000
      14.62 Acres

      100 Herman Dr

      HEAVY MANUFACTURING • 14.62 Acres
      100 Herman Dr, Pittsburgh, PA 15239-1744
      View Details
    • Value Estimation by Request
      0.90 Acres

      3190 Leechburg Rd

      MANUFACTURING (LIGHT) • 0.90 Acres
      3190 Leechburg Rd, Pittsburgh, PA 15239-1031
      View Details
    • Value Estimation
      $300,000
      2.47 Acres

      597 Davidson Rd

      MANUFACTURING (LIGHT) • 2.47 Acres
      597 Davidson Rd, Pittsburgh, PA 15239-1735
      View Details
    • Value Estimation
      $280,000
      0.60 Acres

      1320 Renton Rd

      MANUFACTURING (LIGHT) • 0.60 Acres
      1320 Renton Rd, Pittsburgh, PA 15239-1532
      View Details

    Similar Nearby for Sale

    • $6,500,000
      79,000 SF

      Warehouse/Manufacturing Space with Cranes

      31,140 SF warehouse/manufacturing space with excellent connectivity.
      100 Sagamore Hill Rd, Pittsburgh, PA 15239
      View Details
    • $779,900
      9.37 Acres

      Expansive Warehouse on 9.3 Acres

      3,000 sq ft warehouse on 9.3 acres in Plum Boro.
      460 Davidson Rd, Pittsburgh, PA 15239
      View Details
    • $139,900
      9.55 Acres

      Monroeville Land Parcel For Sale

      9.55 acre commercial land parcel in Monroeville, Pennsylvania.
      000 Old Frankstown Rd, Monroeville, PA 15239
      View Details
    • $154,000

      Clover Commons 55+ Community Home

      Well-maintained 2 bed, 2 bath home in Plum Borough.
      811 Wild Violet Dr, Pittsburgh, PA 15239
      View Details
    • $104,900
      0.64 Acres

      Leechburg Road Commercial Lot

      Buildable commercial lot with high visibility and dual access.
      2600 Leechburg Rd, Pittsburgh, PA 15239
      View Details
    • $299,000
      0.84 Acres

      Versatile Commercial Building in Plum

      High-visibility commercial building suitable for retail, office, medical, or automotive.
      301 Unity Center Rd, Pittsburgh, PA 15239
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      7,368 SF

      Industrial Space Near Major Routes

      Industrial space for lease in park setting near highways.
      100 New Texas Rd, Pittsburgh, PA 15239
      View Details
    • $12 SF/Yr
      33,032 SF

      Adaptable Flex Space in Pittsburgh

      33,000 SF office/tech/flex building for lease.
      801 Presque Isle Dr, Pittsburgh, PA 15239
      View Details
    • $16 SF/Yr
      1,560 SF

      Retail Space in Plum Borough

      Retail space for lease in a high-traffic retail plaza.
      2800 Golden Mile Hwy, Pittsburgh, PA 15239
      View Details
    • $18 SF/Yr
      4,180 SF

      Retail Space on Golden Mile

      Retail space available in Plum Borough's retail corridor.
      2348-2382 Golden Mile Hwy, Pittsburgh, PA 15239
      View Details
    • $12 SF/Yr
      1,440 SF

      Medical Office Space Available

      Office space suitable for medical use, located along Route 286.
      779 Pine Valley Dr, Pittsburgh, PA 15239
      View Details
    • $18 SF/Yr
      1,480 SF

      Retail Space on Golden Mile

      Retail space for lease in a highway commercial zone.
      2037 Golden Mile Hwy, Pittsburgh, PA 15239
      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.
    1998 Drennen Rd, Unit 2000
    Pittsburgh, PA 15239-1202
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.