7514 Thomas BlvdPittsburgh, PA 15208

Property Details for 7514 Thomas Blvd

Lot size

1.55 AC

Property type

Office properties

Property subtype

Office buildings

APN

175-E-105

APU

175E105

Description

Located in Pittsburgh's North Point Breeze neighborhood, Rockwell Park offers 800,000 square feet of prime commercial space in a revitalized industrial setting. This unique property boasts a diverse tenancy, including independent artists, university-based tech startups, and Fortune 500 companies. The historic character of the former Rockwell International Research & Development Center is preserved, blending seamlessly with modern high-tech amenities. The property is comprised of multiple tenancies, with a minimum divisible space of 823 square feet and a maximum contiguous space of 170,000 square feet. Currently, 496,736 square feet of space is vacant and available for lease. This presents a significant opportunity for businesses seeking flexible and adaptable industrial space in a vibrant and established location within Allegheny County. The property's rich history and diverse tenant mix create a unique and dynamic environment, ideal for a wide range of businesses. Sixteen spaces are currently available, offering a variety of sizes to accommodate various business needs. This is a rare opportunity to secure space in a landmark Pittsburgh property.

• CAP approach

  CAP return

  Valuation

  6%

  $16,078,306

  6.5%

  $14,841,514

  7%

  $13,781,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,506,547

  Geo Method

  $13,506,547

• Alternative Use

  Use

  Valuation

  Residential

  $18,403,476

  Hospitality

  $16,857,486

  Educational

  $14,025,230

  Medical

  $14,507,580

  Retail

  $21,817,026

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4488

Longitude

-79.8954

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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