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272 Alpha Dr Pittsburgh, PA 15238

Office buildings Google Maps
1.22 ac lot
Entity Owned 8-yr Hold ~ Est. High Equity
Estimated value (blended)
$305k
Range $275k – $336k (±10%)
Property ID US73-2571655

Property summary

AI-generated overview

This exceptional one-story executive office building, situated on a 1.22-acre lot in Allegheny County, offers 6,500 square feet of versatile space. Currently, 6,400 square feet is available for lease, providing a significant opportunity for a single tenant or multiple smaller businesses. The building boasts 24 on-site parking spaces, offering a generous 3.75 spaces per 1,000 square feet. The interior features several private offices, open work areas perfect for collaboration, a dedicated conference room for meetings, a convenient kitchenette, and ample storage space. The lower level, currently finished office space, is at grade at the rear of the building and could be easily adapted to flex space if needed. The property is enhanced by attractive landscaping and pathway lighting, creating a welcoming and professional environment. Modern security features include keyfob entry and a video security system. An iWave air purifier system ensures a healthy and comfortable indoor atmosphere. This property presents a rare opportunity to secure a well-maintained, spacious office building with ample parking in a desirable location. The flexible layout caters to a variety of business needs, making it an ideal choice for companies seeking a comfortable and productive workspace.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 1.22 ac (53,143 SF)
APN 227-S-80
UPID US73-2571655

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
  • Financial Advisor Insurance Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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