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

    6501 Living Pl Pittsburgh, PA 15266

    • Office buildings
    • 1.22 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4318851
    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

    • Philips Respironics / Corporate Office
    • Magarac Venture Partners / Venture Capital Company
    • Sally's Path / Tourist Attraction

    Property Details for 6501 Living Pl

    Lot size
    1.22 lot acres
    Property type
    Office buildings
    APN
    125-J-120
    APU
    125J120

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9162
    Latitude
    40.4562
    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
    $1,073,500
    $746,700
    $45,846,200
    $46,592,900
    -
    $746,700
    $45,846,200
    $46,592,900

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      215-217 Highland Ave

      OFFICE BUILDING • 0.35 Acres
      215-217 Highland Ave, Pittsburgh, PA 15206
      View Details
    • Value Estimation by Request
      0.23 Acres

      201 Highland Ave

      OFFICE BUILDING (MULTI-STORY) • 0.23 Acres
      201 Highland Ave, Pittsburgh, PA 15206-3949
      View Details
    • Value Estimation by Request
      0.12 Acres

      5912 Penn Ave

      OFFICE BUILDING (MULTI-STORY) • 0.12 Acres
      5912 Penn Ave, Pittsburgh, PA 15206-3817
      View Details
    • Value Estimation by Request
      0.60 Acres

      5900 Penn Ave, Unit 5906

      OFFICE BUILDING (MULTI-STORY) • 0.60 Acres
      5900 Penn Ave, Pittsburgh, PA 15206-3817
      View Details
    • Value Estimation by Request
      0.52 Acres

      211 Whitfield St

      OFFICE BUILDING (MULTI-STORY) • 0.52 Acres
      211 Whitfield St, Pittsburgh, PA 15206-3005
      View Details
    • Value Estimation by Request
      0.23 Acres

      215 Euclid Ave

      OFFICE BUILDING • 0.23 Acres
      215 Euclid Ave, Pittsburgh, PA 15206-3691
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,790 SF

      Penn Ave Mixed-Use Investment

      Prime Pittsburgh location, income producing.
      5515 Penn Ave, Pittsburgh, PA 15206
      View Details
    • Contact for pricing

      East Liberty Mixed-Use Space

      Multi-story space in East Liberty with parking and security.
      6565-6586 Penn Ave, Pittsburgh, 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
    • $2,950,000
      67 SF

      Subdividable Warehouse with Convenient Access

      67,449 SF warehouse space, subdividable, with convenient transportation access.
      6640 Frankstown Ave, Pittsburgh, PA 15206
      View Details
    • Contact for pricing
      250,000 SF

      Flex Space and Industrial Property

      Flex and industrial space available for sale in Pittsburgh, PA.
      6565 Penn Ave, Pittsburgh, PA 15206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,962 SF

      East Liberty Office Building For Rent

      57,000 RSF office building with modern amenities in East Liberty.
      211 N Whitfield St, Pittsburgh, PA 15206
      View Details
    • $10 SF/Yr
      22,149 SF

      East End Flex Space: 22,149 SF

      Prime East End flex space; two suites available.
      6592 Hamilton Ave, Pittsburgh, PA 15206
      View Details
    • $18 SF/Yr
      3,669 SF

      First Floor Office Space Available

      3,669 SF office space for lease with Class A finishes.
      6025-6033 Broad St, 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
    • $2 SF/Yr
      37,793 SF

      Bakery Square Office Suites

      Pittsburgh Office Space: Flexible Options Available
      6425 Living Pl, 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.
    6501 Living Pl
    Pittsburgh, PA 15266
    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.