Building Details

Year Built 2002

Buildings 1

Building Size 3,974 SF

Construction steel pole

Listing Agency: BERKSHIRE HATHAWAY THE PREFERRED REALTY

Listed By: JoAnn Echtler Team · License #AB042190A Show Phone

Source: Nelsonrealtypa

Added: Aug 18 Changed: Oct 6 Last Checked: Oct 15 at 7:16AM

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Investment Insights

Based on property information with market context.

The property includes a 3,974-square-foot steel pole warehouse built in 2002. Electricity and natural gas are connected to the building, while the limestone floor provides a prepared base for a future concrete finish. Public water and sewer are available but require connection.

Set on 3.29 acres with frontage along State Route 356, the property combines an existing warehouse structure with additional land area. Its physical configuration and utility profile provide a straightforward platform for warehouse-related commercial use.

Key Highlights

• 3,974‑square‑foot steel pole building constructed in 2002
• 3.29‑acre property with frontage on State Route 356
• Electricity and natural gas serve the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,344

Cap Rate

8.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$326,880 $326.9K

Cap Rate 7%

$233,486 $233.5K

Cap Rate 9%

$181,600 $181.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,974 SF

Gross rent

$20.0K $5.04/SF

− Vacancy

−$801 −$0.20/SF

EGI

$19.2K $4.84/SF

− OpEx

−$2.9K −$0.73/SF

NOI

$16.3K $4.11/SF

Area

Butler County, PA

Vacancy

4.00%

Lease Rate

$5.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$326,880

Cap Rate 7%

$233,486

Cap Rate 9%

$181,600

Alternative Uses

Best Use

Warehouse

$233.5K

$204.3K – $272.4K (±1% cap)

NOI $16,344 @ 7.0% cap · market cap 8.17%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.01M

$885.7K – $1.18M (±1% cap)

NOI $70,857 @ 7.0% cap · market cap 35.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

111

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 16002, PA

15,379

Population

6,573

Households

2.3

Avg Household Size

47

Median Age

26%

College-Educated

96%

High-School Grad

73.3 sq mi

ZIP Area

210

Density / Sq Mi

$82,676

Median Household Income

$40,159

Median Earnings

$787

Median Rent

$256,200

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Steel warehouse with utility service, an unfinished limestone floor, and substantial land area for commercial operations.

Where is this warehouse located?

The property is located at Lot 1-C Freeport Rd Butler, PA.

What is the asking price?

The asking price for this property is $200,000.

What are key features of this property?

This property features: 3,974‑square‑foot steel pole building constructed in 2002; 3.29‑acre property with frontage on State Route 356; Electricity and natural gas serve the building