Technical
Financial
Distress signals
Property profile

218 Rodi Rd Pittsburgh, PA 15235

FOR SALE
Banks
Property ID
US73-2735737
0.34 ac lot
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 3,200 square foot, single-tenant bank building located within the bustling Penn Hills Shopping Center in Pittsburgh, Pennsylvania. The property, built in 2008, boasts a 100% occupancy rate with Dollar Bank as the tenant, secured by a corporate guarantee under a triple-net (NNN) lease. The asking price is $900,000, representing a compelling $281.25 per square foot and a 6.05% cap rate based on a current Net Operating Income (NOI) of $54,432. The property sits on a 0.34-acre lot and features a single-story building. The strong tenant, Dollar Bank, reportedly holds over $174 million in deposits, indicating financial stability and a low risk profile. The location benefits from high traffic counts exceeding 17,000 vehicles daily and a desirable demographic with an average household income of $91,236 within a 3-mile radius. This is a rare opportunity to acquire a stable, high-performing net lease investment in a thriving retail center. The property's long-term historical occupancy since 2008 further underscores its value and potential for continued strong returns. This is an ideal addition to any diversified real estate portfolio.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Lot 0.34 ac (14,636 SF)
APN 449-P-40
UPID US73-2735737

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service
  • Car Racing Track

Location

218 Rodi Rd Pittsburgh, PA 15235
Pittsburgh metro Census 523400 PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$20.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$20.50M

Owner & transaction history

since 2024
Last sale
$20.5M
2 recorded transactions
2024
$20.5M
1999
$14.7M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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