Property profile

59 2nd St Pittsburgh, PA 15219

OFF-MARKET
Other warehouses
Property ID
US73-0047570
0.4 ac lot
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

A 55,780-square-foot facility located in Pittsburgh, Pennsylvania. The property is fully leased to Big Spring Spirits under a long-term absolute triple-net (NNN) lease structure, with provisions for annual rent increases of 2.5%.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Lot 0.4 ac (17,260 SF)
APN 3-A-80
UPID US73-0047570

Cap rate & NOI

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

Location

59 2nd St Pittsburgh, PA 15219-1102
Pittsburgh metro Census 980700 PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2017
4 recorded transactions
2022
Price N/A
2017
$700,000
2012
$495,000
2009
$250,000

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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