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    Flex Warehouse with Office Space Title is generated by Realmo AI

    20 Henderson Ln, New Castle, PA 16105

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    For Sale
    $519,900

    Warehouse - Shenango Twp, PA

    Type:Warehouse
    Property size:
    4,432 SF
    Lot size:
    2.70 Acres
    Price / SF:
    $117/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 20 Henderson Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Warehouse
    Zoning
    I Ind
    Parking
    10
    Standard status
    Active
    Lot size
    2.70 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1795

    Building Details

    Year built
    1989
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer Nativio

    Listing agent Jennifer Nativio License #RS366862

    Listing office CASTLE REALTY 2911 Willmington Road, New Castle, PA

    Listing date Jun 3, 2026

    MLS# 1758042 Listing URL

    Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2.70‑acre brick commercial flex/industrial property built in 1989 with office, warehouse, and storage space
    • Includes 760 SF of office space plus 3,672 SF warehouse with 20‑foot ceiling height and overhead door access
    • Office layout features multiple private offices, bathroom facilities, conference room, and kitchen/breakroom
    • Additional office inside the warehouse space for warehouse management, plus lower‑level storage and office potential with existing bathroom infrastructure
    • Basement is functional for additional storage or workspace
    • Recent improvements include updated HVAC systems and newer gas line installation, along with exterior landscaping

    Overview

    This flex industrial property combines office and warehouse functionality in one practical layout. The building includes 760 square feet of office space and 3,672 square feet of warehouse space with 20-foot ceiling height and overhead door access. The office area features multiple private offices, bathroom facilities, a conference room, and a full kitchen/breakroom, supported by an additional office located directly within the warehouse for warehouse management. Below the main levels, the lower area provides additional storage and office potential with existing bathroom infrastructure already in place, and the basement is described as functional and usable for added storage or workspace. Recent improvements include updated HVAC systems, a newer gas line installation, and exterior landscaping, supported by a durable metal roof and a flexible floor plan suitable for a range of contractor and service-oriented uses.

    Located at 20 Henderson Ln in Shenango Twp, Mercer County, the property sits on 2.7 acres of outdoor space that can support parking, fleet vehicles, or future expansion. The listing notes convenient regional access with proximity within minutes to Route 376 and Interstate 80.

    With zoning listed as I Ind, this building is well positioned for tenants and owner-users seeking a contractor-style industrial setup that includes both administrative space and warehouse operations, plus additional storage and interior options for future customization using the existing bathroom infrastructure.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    New Castle
    County
    Lawrence
    State
    Pennsylvania
    Longitude
    -80.3373
    Latitude
    41.0521

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    FAQs

    What type of property is this?
    Flex space - Flex warehouse with overhead door access, office support, and additional storage space on a 2.7-acre parcel.
    Where is this flex space located?
    The property is located at 20 Henderson Ln New Castle, PA.
    What is the asking price?
    The asking price for this property is $519,900.
    What are key features of this property?
    This property features: 2.70‑acre brick commercial flex/industrial property built in 1989 with office, warehouse, and storage space; Includes 760 SF of office space plus 3,672 SF warehouse with 20‑foot ceiling height and overhead door access; Office layout features multiple private offices, bathroom facilities, conference room, and kitchen/breakroom
    (724) 654-5589
    We can help!
    Listing Contact
    Jennifer Nativio
    Real Estate License ID: RS366862
    Learn More
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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.

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