Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    408 2nd St Carnegie, PA 15106-4062
    Back to Search
    Property profile & analytics

    408 2nd St, Carnegie, PA 15106-4062

    View on Map
    • Retail residential properties
    • 0.10 lot acres
    Off-Market
    Property ID
    US73-5931098
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail residential properties

    Property Details for 408 2nd St

    Lot size
    0.10 lot acres
    Property type
    Retail residential properties
    APN
    101-C-104
    APU
    101C104

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    — — Herbert J Sutter — Deed Of Trust · related $50k · American Business Credit

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Carnegie
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.0879
    Latitude
    40.3922
    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
    $3,816
    $48,900
    $67,200
    $116,100
    -
    $48,900
    $67,200
    $116,100

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      309 Main St

      STORES & APARTMENTS
      309 Main St, Carnegie, PA 15106-2703
      View Details
    • Value Estimation by Request
      0.11 Acres

      323 Main St

      STORES & APARTMENTS
      323 Main St, Carnegie, PA 15106-2781
      View Details
    • Value Estimation by Request
      0.38 Acres

      42 Noblestown Rd

      STORES & APARTMENTS
      42 Noblestown Rd, Carnegie, PA 15106-1656
      View Details
    • Value Estimation by Request
      0.25 Acres

      1201 Washington Ave

      STORES & APARTMENTS
      1201 Washington Ave, Carnegie, PA 15106-3620
      View Details
    • Value Estimation by Request
      0.14 Acres

      409 1st St

      STORES & APARTMENTS
      409 1st St, Carnegie, PA 15106-4001
      View Details
    • Value Estimation by Request
      0.05 Acres

      535 Carothers Ave

      STORES & APARTMENTS
      535 Carothers Ave, Carnegie, PA 15106-3543
      View Details

    Similar Nearby for Sale

    • $334,000
      0.07 Acres

      Mixed-Use Investment in Carnegie

      Four units with commercial storefront and residential income.
      620 Carothers Ave, Carnegie, PA 15106
      View Details
    • Contact for pricing
      7,200 SF

      Carnegie Office/Flex Building For Sale

      7,200 SF office/flex building in Carnegie, PA.
      108 Rosslyn Rd, Carnegie, PA 15106
      View Details
    • Contact for pricing
      9,000 SF

      9,000 SF Building in Carnegie

      9,000 SF building with high visibility and signage potential.
      415 Chartiers Ave, Carnegie, PA 15106
      View Details
    • $375,000
      0.03 Acres

      Carnegie Retail & Office Building

      Prime Carnegie location, versatile space.
      232 3Rd Ave, Carnegie, PA 15106
      View Details
    • $525,000
      0.52 Acres

      Historic Carnegie Office Building

      Charming Office, Updated, Great Location
      602 Poplar Way, Carnegie, PA 15106
      View Details
    • $349,000
      0.06 Acres

      Turnkey Carnegie Commercial Space

      Prime Location, Fully Equipped, Ready to Go
      221 2Nd Ave, Carnegie, PA 15106
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      PA, Carnegie - Lydia Street

      Workspaces, services and support to help you work better in PA, Carnegie - Lydia Street
      400 Lydia St, Carnegie, PA 15106
      View Details
    • $17 SF/Yr

      Renovated Class A Office Building

      Fully renovated Class A office/medical building in Carnegie, PA.
      112 3Rd Ave, Carnegie, PA 15106
      View Details
    • Contact for pricing
      39,000 SF

      Warehouse/Assembly Space Near Highways

      39,000 SF warehouse/assembly space with convenient highway access.
      100 Keystone Dr, Carnegie, PA 15106
      View Details
    • Contact for pricing
      13,000 SF

      Crane-Served Industrial Buildings For Rent

      Three standalone industrial buildings with crane service and air-conditioned space.
      Superior St, Carnegie, PA 15106
      View Details
    • Contact for pricing

      Retail Space in Scott Township

      Retail space in a lively area with steady foot traffic.
      1160 Washington Ave, Carnegie, PA 15106
      View Details
    • Contact for pricing
      28,080 SF

      Carnegie Warehouse with Crane Access

      28,080 SF warehouse featuring crane and truck access.
      785 Arch St, Carnegie, PA 15106
      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.
    408 2nd St
    Carnegie, PA 15106-4062
    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

    Thank You for Inquiry
    408 2nd St, Carnegie, PA, 15106
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!