Brittle failure is often observed in older reinforced concrete (R/C) buildings that have been designed prior to the 1980s following an earthquake event. Since this has ramifications on any subsequent repair protocol, it is important to quantify the remaining strength capacity for this class of building to determine a retrofit strategy. Following along these lines, an analytical-numerical methodology is presented for use as a third-tier seismic assessment which is based on a previously developed second-tier strength assessment criterion coming from a procedure known as Rapid Seismic Assessment (RSA). The assessment framework is performance-based, aiming to determine whether estimated local drift demands can be tolerated without failure developing along the load resistance path of substandard R/C buildings. This enables the development of guidelines for modeling all possible strength mechanisms that occur in the structural system of substandard R/C buildings. An application example using data provided by a benchmark experiment involving a full-scale R/C building helps to illustrate and then validate the proposed modeling procedures and establish their accuracy and efficiency for use by practicing engineers.