218 Rodi Rd Pittsburgh, PA 15235-3337
Property profile & analytics
218 Rodi Rd, Pittsburgh, PA 15235-3337
- Banks
- 0.34 lot acres
Property ID
US73-2735737
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.
Location Intelligence
Current Use by Public Records
- Dollar Bank / Bank / Loan Service
- Parallel Parking Testing Area / Car Racing Track
Property Details for 218 Rodi Rd
- Lot size
- 0.34 lot acres
- Property type
- Banks
- APN
- 449-P-40
- APU
- 449P40
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $20,500,000
- ML approach
- $20,500,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.825
- Latitude
- 40.4631
- 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
$23,859
$75,200
$496,000
$571,200
-
$75,200
$496,000
$571,200
