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    Warehouse/Distribution Facility on 1.4 Acres Title is generated by Realmo AI

    1019 N Vine Street, Berwick, PA 18603

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    10,000 SF warehouse/distribution facility located 6 miles from I-80.

    Type:Office, Industrial
    Property size:
    10,000 SF
    Lot size:
    1.40 Acres
    Price / SF:
    $80/SF
    Added:
    Oct 13, 2017
    Days on Market:
    3168
    Last Refresh:
    May 19 at 9:04 pm

    Property Features for 1019 N Vine Street

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    1.40 Acres
    Property subtype
    Office, Industrial

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    Listing Contact
    Steve Cole

    Listing agent Steve Cole License #PA RB043368C

    Listing office NAI Mertz | Wilkes - Barre

    Listing date Oct 13, 2017

    Source Crexi

    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 NAI Mertz | Wilkes - Barre

    HighLights

    • 10,000± SF warehouse/distribution facility
    • Situated on 1.4 Acres
    • Located 6 miles from I‑80

    Overview

    This property features a 10,000 square foot warehouse and distribution facility situated on 1.4 acres. The location is approximately 6 miles from Interstate 80.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $87.6k $8.76
    − Vacancy −$4.1k −$0.41
    EGI $83.5k $8.35
    − OpEx −$12.5k −$1.25
    NOI $71.0k $7.10
    10,000 SF · lease $8.76/SF/yr · vacancy 4.70% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.01M
    $887.0K – $1.18M (±1% cap)
    NOI $70,960 @ 7.0% cap · market cap 8.87%
    Second Best
    Industrial
    $834.8K
    $730.5K – $974.0K (±1% cap)
    NOI $58,438 @ 7.0% cap · market cap 7.30%
    Theoretical Best
    Office A
    $3.35M
    $2.93M – $3.91M (±1% cap)
    NOI $234,696 @ 7.0% cap · market cap 29.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Smokey Point Distributing Trucking Company MelDon Commercial Products, ... Building Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Close 2U Storage — 200 Martz St, Berwick, PA 18603
    • BRETT'S STORAGE BAYS — Washington St, Berwick, PA 18603

    Location Insight

    • Map
    • Local Demand
    City
    Berwick
    County
    Columbia
    State
    Pennsylvania
    Longitude
    -76.242162
    Latitude
    41.058939

    FAQs

    What type of property is this?
    Warehouse - 10,000 SF warehouse/distribution facility located 6 miles from I-80.
    Where is this warehouse 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/distribution facility; Situated on 1.4 Acres; Located 6 miles from I‑80
    More about this property
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