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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
820 Evergreen Ave Pittsburgh, PA 15209-2257
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2053702
Property summary
AI-generated overview
820 Evergreen Avenue in Millvale, Pennsylvania offers exceptional office space for lease. This Class B building totals 27,000 square feet and features multiple tenancy options, perfect for businesses of varying sizes. Units range from a minimum of 256 square feet to a maximum contiguous space of 874 square feet, providing flexibility for diverse needs. Currently, 3,459 square feet of space is available. The building boasts impressive 13-foot ceilings, creating a spacious and modern atmosphere. Ample free parking is provided for tenants and their clients, ensuring convenient access. The property is located in Allegheny County, within the vibrant Millvale neighborhood of Pittsburgh, offering a strategic location for businesses seeking a blend of accessibility and character. This executive office space presents a unique opportunity to establish a presence in a thriving community. The address is 820 Evergreen Ave, Pittsburgh, PA 15209.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
0.33 ac (14,400 SF)
APN
118-G-150
UPID
US73-2053702
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
-
Strategic Knections Advertising Agency Marketing & Advertising
-
Intensivist Billing Medical Billing Service
-
iNetworks Advisors Consultant
-
Communications Workers-America Advocacy Group
-
Mars Home For Youth Child Welfare Organization Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Fifth Source L L C · 3 yrs held
Fifth Source L L C
since 2023
Last sale
$550,000
2 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
$540,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $550k (Feb 6 2023)
Last sale anchor
$550k
Feb 6 2023
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
—
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
$20,302
Tax year 2024
Assessed value
$521,400
Assessed 2024
Previous assessed
$521,400
+0.0% YoY
Effective rate
3.89%
On assessed value
Assessed land
$22,000
Assessed improvement
$499,400
Land market value
$22,000
Improvement market value
$499,400
Total market value
$521,400
Applied tax rate
838.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Lot
0.33 ac (14,400 SF)
APN
118-G-150
UPID
US73-2053702
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
Heating
NONE
Lot
0.33 ac
Current owner
From public records · entity-resolved
Fifth Source L L C
Individual
Mailing address
2015 MARY ST, PITTSBURGH, PA 15203-2018
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2023
$550,000
Fifth Source L L C
Evergreen Property Ventures L L C
Special Warranty Deed
$440,000 · Somerset Trust Co
—
—
Robert J Lewis
—
Deed Of Trust
related
$200,000 · Pnc Bank
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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