Warehouse-Manufacturing
For Sale
$800,000
1019 N Vine Street, Berwick, PA 18603
10,000± SF warehouse/manufacturing building includes 8,000± SF manufacturing with 2,000± SF office and dock and drive-in access.
Property Size10,000 SF
Lot Size1.40 Acres
Price / SF$80
Days on Market46
Property Features for 1019 N Vine Street
General Information
Standard status
Active
Size
10,000 SF
Lot size
1.40 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
20 ft
Dock-High Doors
1
Drive-In Doors
1
Heavy Power
Yes
Building Details
Building Size
10,000 SF
Listing Agency:
(570) 406-7428
Listed By:
David Weaver, SIOR
(570) 406-7428
Source:
Naimertz
Added: Jul 18
Changed: Aug 17
Last Checked: Aug 31 at 3:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of David Weaver, SIOR
Investment Insights
Based on property information with market context.
This 10,000± SF warehouse/manufacturing facility sits on a 1.4± acre parcel. The building includes an 8,000± SF manufacturing area and a 2,000± SF office portion with a fully carpeted workspace and central air conditioning. Interior support areas include a lunch area between the manufacturing and office spaces, along with handicapped-equipped restrooms.
Warehouse and loading features include an 8’x9’ tailgate dock with electric operation, dock seals, and service provided by a scissors lift platform with a 5,000 lb capacity, as well as a 10’x12’ electric-operated drive-in door. Ceiling height under the eave is 20’.
The manufacturing area is heated by gas-fired infrared tube heaters and ventilated by three roof-mounted gravity ventilators. Fire protection includes a fire hose station. Utilities are listed as electric service from PP&L (600 amp, 3 phase 480/277 volts), water supplied by PAWC through an 8” service line, and gas from PG Energy. The property is approximately 6 miles from I-80.
Warehouse and loading features include an 8’x9’ tailgate dock with electric operation, dock seals, and service provided by a scissors lift platform with a 5,000 lb capacity, as well as a 10’x12’ electric-operated drive-in door. Ceiling height under the eave is 20’.
The manufacturing area is heated by gas-fired infrared tube heaters and ventilated by three roof-mounted gravity ventilators. Fire protection includes a fire hose station. Utilities are listed as electric service from PP&L (600 amp, 3 phase 480/277 volts), water supplied by PAWC through an 8” service line, and gas from PG Energy. The property is approximately 6 miles from I-80.
Key Highlights
- 10,000± SF warehouse/manufacturing facility on a 1.4± acre parcel, including 8,000± SF manufacturing and 2,000± SF office
- Ceiling height under eave is 20′; building dimensions are 125′ x 80′
- Dock access: one 8′ x 9′ electrically operated tailgate dock with dock seals and a scissors lift platform (5,000 lb capacity)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,960
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,419,200
$1.4M
Cap Rate 7%
$1,013,714
$1.0M
Cap Rate 9%
$788,444
$788.4K
Market Conditions
NOI Build-Up for 10,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$87.6K $8.76/SF
− Vacancy
−$4.1K −$0.41/SF
EGI
$83.5K $8.35/SF
− OpEx
−$12.5K −$1.25/SF
NOI
$71.0K $7.10/SF
Area
Columbia County, PA
Vacancy
4.70%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,419,200
Cap Rate 7%
$1,013,714
Cap Rate 9%
$788,444
Alternative Uses
Best Use
Warehouse
$1.01M
$887.0K – $1.18M
NOI $70,960 @ 7.0% cap · market cap 8.87%
Second Best
Industrial
$834.8K
$730.5K – $974.0K
NOI $58,438 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$3.35M
$2.93M – $3.91M
NOI $234,696 @ 7.0% cap · market cap 29.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18603, PA
18,728
Population
9,235
Households
2
Avg Household Size
45
Median Age
18%
College-Educated
90%
High-School Grad
53.4 sq mi
ZIP Area
351
Density / Sq Mi
$55,969
Median Household Income
$40,323
Median Earnings
$789
Median Rent
$164,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 10,000± SF warehouse/manufacturing building includes 8,000± SF manufacturing with 2,000± SF office and dock and drive-in access.
Where is this flex space located?
The property is located at 1019 N Vine Street Berwick, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 10,000± SF warehouse/manufacturing facility on a 1.4± acre parcel, including 8,000± SF manufacturing and 2,000± SF office; Ceiling height under eave is 20′; building dimensions are 125′ x 80′; Dock access: one 8′ x 9′ electrically operated tailgate dock with dock seals and a scissors lift platform (5,000 lb capacity)
