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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Parking lots & garages
6223 Mdw St Pittsburgh, PA 15206-2622
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0736988
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1910
Total area
1,248 SF
Lot
0.06 ac (2,400 SF)
APN
124-J-128
UPID
US73-0736988
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
-
Mike's Auto Body Auto Repair Shop
-
Caliber Collision Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
Meinert Capital L L C · 1 yrs held
Meinert Capital L L C
since 2024
Last sale
$1.3M
6 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
Method
Estimation
Statistic approach
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Sep 18 2024)
Last sale anchor
$1.30M
Sep 18 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,042 / SF
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
$94
Tax year 2024
Assessed value
$4,100
Assessed 2024
Previous assessed
$4,100
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$1,100
Assessed improvement
$3,000
Land market value
$1,100
Improvement market value
$3,000
Total market value
$4,100
Applied tax rate
112.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1910
Heating
CENTRAL
Stories
2
Rooms
5
Bathrooms
1
Total area
1,248 SF
Lot
0.06 ac (2,400 SF)
APN
124-J-128
UPID
US73-0736988
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
Year built
1910
Heating
CENTRAL
Stories
2
Rooms
5
Bathrooms
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Meinert Capital L L C
Entity
Mailing address
164 INDIANOLA RD, PITTSBURGH, PA 15238-1225
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
$1,300,000
Meinert Capital L L C
Fiores Motors L L C
Special Warranty Deed
$1,040,000 · First Natl Bank Pa
Mar 28, 2012
$17,316
Fiores Motors LLC
Urban Redev Auth Of Pitt
Grant Deed
—
Jan 12, 2010
$29,600
Pittsburgh Urb Redevelop Auth
Harvard,joseph R
Grant Deed
—
—
—
Joseph R Harvard
—
Deed Of Trust
related
$15,500 · Mabro Co INC
—
—
Joseph R Harvard
—
Deed Of Trust
related
$7,000 · Beneficial Mortgage Co Pennsyl
—
—
Joseph R Harvard
—
Deed Of Trust
related
$27,809 · Beneficial Mortgage Co Pennsyl
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.
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