202 Rodi RdPenn Hills, PA 15235

  • Retail properties
  • 0.46 AC
For Sale
$1,840,000 View listing

Property Details for 202 Rodi Rd

Lot size
0.46 AC
Property type
Retail properties
Property subtype
Retail space
APN
449-P-34
APU
449P34

Description

This exceptional investment opportunity presents a single-tenant, 7,708 square foot DaVita Dialysis Center located at 202 Rodi Rd, Pittsburgh, PA 15235. The property, built in 2012, sits on a 0.34-acre lot and is classified as a Class B retail building with a permitted commercial zoning. The property is a net-leased (NNN) investment with a corporate guarantee from DaVita, providing significant security and stability. The lease features over eight years remaining on the current term, demonstrating a long history of occupancy. This strategically located outlot benefits from its position within the Penn Hills Shopping Center, enjoying high traffic counts exceeding 17,000 cars daily. Strong shadow anchors include Giant Eagle, Aldi, and a US Post Office, further enhancing the property's visibility and appeal. The average household income within three miles is $91,236, indicating a robust and affluent surrounding community. The asking price is $1,840,000, translating to a price per square foot of $238.71. This is a rare opportunity to acquire a secure, well-located, and financially sound net-leased investment property with a strong corporate tenant.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,656,138
    6.5%
    $6,144,128
    7%
    $5,705,262
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,034,130
    Geo Method
    $9,986,787
  • Alternative Use

    Use
    Valuation
    Residential
    $5,182,802
    Hospitality
    $4,747,418
    Educational
    $3,949,796
    Medical
    $4,085,636
    Retail
    $6,144,128
202 Rodi Rd, Penn Hills, Pennsylvania

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.4647
Longitude
-79.825
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
$23,600
$88,600
$476,400
$565,000
-
$88,600
$476,400
$565,000

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