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Property profile & analytics
FOR LEASE
Strip malls
2351 Noblestown Rd, Pittsburgh, PA 15205
Individually Owned
1-yr Hold
Free & Clear
Property ID
US73-0657391
For Lease
1 / 4
$19 SF/Yr
2351 Noblestown Rd, Pittsburgh, PA 15205
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Lot
1 ac (43,500 SF)
APN
39-L-330
UPID
US73-0657391
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Phong May House Restaurant
-
Subway Take-out & Catering Catering Service
-
MoneyGram Bank Credit Union
-
Minuteman Press/Greentree Printing Marketing & Advertising Printing Service
-
Phantom of the Attic (Bike/Boat/Book/etc) Store Newspaper & Magazine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Robert D Mallinger · 1 yrs held
Robert D Mallinger
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pittsburgh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pittsburgh submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$30,720
Tax year 2024
Assessed value
$1,030,000
Assessed 2024
Previous assessed
$1,030,000
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$299,800
Assessed improvement
$730,200
Land market value
$299,800
Improvement market value
$730,200
Total market value
$1,030,000
Applied tax rate
831.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Heating
NONE
Lot
1 ac (43,500 SF)
APN
39-L-330
UPID
US73-0657391
Jurisdiction
ALLEGHENY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Robert D Mallinger
Individual
Free & Clear · 1 yrs held
Mailing address
3700 S WATER ST STE #100, PITTSBURGH, PA 15203-2366
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2025
—
Robert D Mallinger
The Estate Of Nancy S Mallinger
Deed
related
—
Mar 6, 2024
—
Michael Davidson
The Estate Of Charles S Davidson
Transfer On Death Deed
related
—
Nov 9, 2023
—
Sherilyn K Sable
Sherilyn Sable
Intrafamily Transfer
related
—
Oct 24, 2023
—
Charles S Davidson
Peter Nakamura
Deed
—
Jul 12, 2023
—
Maurice A Engelberg
Maurice Engelberg
Intrafamily Transfer
related
—
Aug 27, 2020
—
Marilyn Hein
Sherilyn Sable
Grant Deed
related
—
Jan 4, 2010
$13,550
Howard Engelberg
Owner Name Unavailable
Grant Deed
related
—
Dec 18, 2009
$37,630
Howard Engelberg
Parnes,virginia A
Grant Deed
—
Jul 10, 2001
—
Davidson Trust
Davidson,robert
Quit Claim Deed
related
—
Sep 30, 1998
$1,059,817
LP Mallin
Mallin,harriet R
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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