Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6325 Penn Ave Pittsburgh, PA 15206-4010

    • Commercial land
    • 0.66 lot acres
    OFF-MARKET
    Last Sale
    Jun 12, 2020
    $9,975,000
    Value Estimations
    $10,410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2532251
    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.

    Current Use by Public Records

    • Holistic Acupuncture / Acupuncturist
    • Fritz Jessica K / Acupuncture Clinic
    • Bryant C S / Acupuncturist
    • Daniel Johnson / Acupuncturist

    Property Details for 6325 Penn Ave

    Lot size
    0.66 lot acres
    Property type
    Commercial land
    APN
    84-H-123
    APU
    84H123

    Description

    This exceptional commercial property presents a unique investment opportunity within the vibrant East Liberty neighborhood of Pittsburgh, Pennsylvania. Located at 6325 Penn Avenue, zip code 15206, this site is strategically positioned as part of the planned expansion of the successful Bakery Square development. The property is classified as retail land with single tenancy potential, offering significant development possibilities. The site's prime location benefits from its proximity to the established Village of Eastside shopping center and the former Club One Fitness location, ensuring high visibility and foot traffic. This area has experienced substantial growth and redevelopment, making it an attractive location for businesses seeking a thriving and dynamic environment. The property's size and zoning (details available upon request) allow for a variety of commercial uses, making it suitable for a range of businesses. The historical context of the area, originally home to a Nabisco plant, adds to its unique character and potential for attracting businesses seeking a location with a rich history and modern amenities. This is a rare chance to acquire a significant piece of land in a rapidly developing area of Pittsburgh, offering substantial long-term growth potential. Detailed site plans and zoning information are available upon request. Interested parties should contact the listing agent for further information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,955,000
      ML approach
      $10,740,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9194
    Latitude
    40.4596
    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
    $4,000
    $173,600
    $0.00
    $173,600
    -
    $173,600
    $0.00
    $173,600

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      537 Paulson Ave

      VACANT COMMERCIAL LAND • 0.15 Acres
      537 Paulson Ave, Pittsburgh, PA 15206-3253
      View Details
    • Value Estimation by Request
      0.08 Acres

      311 Paulson Ave

      VACANT COMMERCIAL LAND • 0.08 Acres
      311 Paulson Ave, Pittsburgh, PA 15206-3231
      View Details
    • Value Estimation by Request
      0.26 Acres

      Lincoln Ave

      VACANT COMMERCIAL LAND • 0.26 Acres
      Lincoln Ave, Pittsburgh, PA 15206
      View Details
    • Value Estimation by Request
      0.25 Acres

      Washington Blvd

      VACANT COMMERCIAL LAND • 0.25 Acres
      Washington Blvd, Pittsburgh, PA 15206
      View Details
    • Value Estimation by Request
      0.13 Acres

      Rural St

      VACANT COMMERCIAL LAND • 0.13 Acres
      Rural St, Pittsburgh, PA 15206
      View Details
    • Value Estimation by Request
      0.03 Acres

      Collins Ave

      VACANT COMMERCIAL LAND • 0.03 Acres
      Collins Ave, Pittsburgh, PA 15206
      View Details

    Similar Nearby for Sale

    • $850,000

      Point Breeze Land Opportunity

      20,000 SF lots in Pittsburgh's Point Breeze neighborhood.
      144 Julius St, Pittsburgh, PA 15206
      View Details
    • $300,000
      1.00 Acre

      Commercial Building and Vacant Lots

      Commercial building with three vacant lots in Pittsburgh area.
      922 Lincoln Ave, Larimer, PA 15206
      View Details
    • Contact for pricing
      37,585 SF

      Redevelopment Opportunity Near Bakery Square

      1.3 acres of land and industrial facilities for sale.
      233 Auburn St, East Liberty, PA 15206
      View Details
    • $850,000
      0.38 Acres

      Prime Point Breeze Retail Opportunity

      5,900 SF Retail Land, $850,000
      144 Julius St, Pittsburgh, PA 15206
      View Details
    • Contact for pricing
      6,724 SF

      Retail Property in Pittsburgh, PA

      6,724 SF retail property on 0.3 AC for sale.
      1800 Morningside Ave, Pittsburgh, PA 15206
      View Details
    • $450,000
      3,000 SF

      Pittsburgh Auto Business Opportunity

      Spacious garage, office, & loft apartment.
      825 Lincoln Ave, Pittsburgh, PA 15206
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Development Land in Pittsburgh

      Development land in Pittsburgh's active neighborhood, near major developments.
      5707 Penn Ave, Pittsburgh, PA 15206
      View Details
    • Contact for pricing

      Prime Garfield Commercial Land Available

      1.4 acre site in high-traffic Pittsburgh location for lease.
      215 S Negley Ave, Pittsburgh, PA 15206
      View Details
    • Contact for pricing
      2,832 SF

      Baum Blvd Retail Opportunity

      Prime Pittsburgh Retail Space, 2832 sq ft
      5620 Baum Blvd, Pittsburgh, PA 15206
      View Details
    • Contact for pricing
      43,560 SF

      Prime Garfield Retail Land Opportunity

      1.4-Acre Site, Build-to-Suit Available
      211 Negley Ave, Pittsburgh, PA 15206
      View Details
    • $24 SF/Yr
      1,500 SF

      Prime Pittsburgh Creative Office Space

      1500 SF Corner Office, Hamilton Ave
      6634 Hamilton Ave, Pittsburgh, PA 15206
      View Details
    • Contact for pricing
      10,000 SF

      Renovated Office Space on Baum

      Two-story office space with renovated interior and ample parking.
      5777 Baum Blvd, Pittsburgh, PA 15206
      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.
    6325 Penn Ave
    Pittsburgh, PA 15206-4010
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.