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    7345 Saltsburg Rd Penn Hills, PA 15235
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    7345 Saltsburg Rd Penn Hills, PA 15235

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    • Drug stores
    • 1.19 lot acres
    For Sale
    View Listing →
    Former Rite Aid For Sale For Sale
    Contact for pricing
    11,157 SF

    Former Rite Aid For Sale

    Former Rite Aid available for purchase or lease in Penn Hills.

    7345 Saltsburg Road, Penn Hills, PA 15235
    View Listing
    Property ID
    US73-5547303
    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

    • Rite Aid / Pharmacy
    • higi / Physician
    • Amazon Locker - Barnaby / Courier Service / Postal Service
    • Rite Aid Pharmacy / Pharmacy
    • Rite Aid Photo / (Bike/Boat/Book/etc) Store

    Property Details for 7345 Saltsburg Rd

    Lot size
    1.19 lot acres
    Property type
    Drug stores
    APN
    634-H-183
    APU
    634H183

    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
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.7853
    Latitude
    40.4781
    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
    $108,983
    $417,200
    $2,191,900
    $2,609,100
    -
    $417,200
    $2,191,900
    $2,609,100

    Comparable in this City

    • Value Estimation by Request
      1.48 Acres

      6200 Saltsburg Rd

      DRUG STORE, PHARMACY • 1.48 Acres
      6200 Saltsburg Rd, Pittsburgh, PA 15235-2066
      View Details
    • Value Estimation by Request
      0.40 Acres

      435 Rodi Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.40 Acres
      435 Rodi Rd, Pittsburgh, PA 15235-4556
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    • Value Estimation by Request
      0.85 Acres

      10485 Frankstown Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.85 Acres
      10485 Frankstown Rd, Pittsburgh, PA 15235-2917
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    • Value Estimation by Request
      1.65 Acres

      11835 Frankstown Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 1.65 Acres
      11835 Frankstown Rd, Pittsburgh, PA 15235-3409
      View Details
    • Value Estimation by Request
      0.40 Acres

      431 Rodi Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.40 Acres
      431 Rodi Rd, Pittsburgh, PA 15235-4556
      View Details
    • Value Estimation by Request
      1.41 Acres

      511 Rodi Rd

      RETAIL STORES (PERSONAL SERVICES) • 1.41 Acres
      511 Rodi Rd, Pittsburgh, PA 15235-4523
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Former Rite Aid For Sale

      Former Rite Aid available for purchase or lease in Penn Hills.
      7345 Saltsburg Rd, Penn Hills, PA 15235
      View Details
    • $2,000,000
      1.67 Acres

      Penn Hills Mixed-Use Investment Opportunity

      1.67 acre property with retail, commercial, and residential rentals.
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      2,800 SF

      Two Parcels on Rodi Road

      Two well-maintained parcels ideal for auto sales or retail.
      562 Rodi Rd, Pittsburgh, PA 15235
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    • $389,000
      1,500 SF

      Auto Sales Property For Sale

      Two parcels in high-traffic area, convertible for other business types.
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    • Contact for pricing
      2,700 SF

      Retail Building Available For Rent

      2700 SF retail building available for rent.
      208 Rodi Rd, Pittsburgh, PA 15235
      View Details
    • Contact for pricing

      Retail Space with Main Entrance

      Retail space featuring a dedicated main entrance and ample parking.
      3475 William Penn Hwy, Pittsburgh, PA 15235
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Retail/Medical Building with Drive-Through

      11,355 SF building suitable for retail, medical, or service industry.
      6200 Saltsburg Rd, Pittsburgh, PA 15235
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      9,000 SF

      Retail End Cap Space Available

      9,000 SF retail space with high visibility and access.
      3470 William Penn Hwy, Pittsburgh, PA 15235
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      1,500 SF

      Retail Space on Lincoln Avenue

      Retail space available for lease in Pittsburgh, Pennsylvania.
      640-656 Lincoln Avenue Ext, Pittsburgh, PA 15235
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      8,000 SF

      Retail Space Available For Lease

      8,000 sq ft retail space for lease.
      10710 Frankstown Rd, Pittsburgh, PA 15235
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    • Contact for pricing
      1,140 SF

      Retail Space on Lincoln Avenue

      Retail space available for lease in Pittsburgh, Pennsylvania.
      616 Lincoln Avenue Ext, Pittsburgh, PA 15235
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    • Contact for pricing
      3,038 SF

      Class A Office and Retail

      Premier office and retail location with many amenities.
      3424 William Penn Hwy, Pittsburgh, PA 15235
      View Details
    View Listing
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    Penn Hills, PA 15235
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    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
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    7345 Saltsburg Rd, Penn Hills, PA, 15235
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