Eight-Bay Flex
110 Iron Horse Lane # Lot 1r-a3, Centre Hall, PA 16828
For Sale
New
$675,000
Heated workspace includes a loft, a bathroom, and 14-foot ceilings for adaptable commercial and industrial operations.
Property Size5,280 SF
Price / SF$127.84
Days on Market2
Property Features for 110 Iron Horse Lane # Lot 1r-a3
General Information
Standard status
Size
Zoning
Additional Details
Road Access
Clear Height
Property Use
Amenities
Other
Yes
No
1
12' to 15'
0.00 x 0.00
1.18
Estimated
Parking Lot
Slab
5280.00
Assessor
Building Details
Building Size
Year Built
Listing Agency:
Kissinger, Bigatel & Brower
(814) 234-4000
Listed By:
Erin Calandra Witmer
(814) 482-0282
Source:
Mullenrealty
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 1:39AM
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 Kissinger, Bigatel & Brower
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2008, this 5,280-square-foot flex property sits on 1.18 acres and is zoned COMMERCIAL. The building has eight bays, 14-foot ceilings, a spacious loft, heat, and a bathroom. Its layout supports a range of commercial and industrial operations.
The property fronts SR 322, and the site includes a parking lot.
The property fronts SR 322, and the site includes a parking lot.
Key Highlights
- 5,280‑square‑foot building on 1.18 acres
- Eight bays with 14‑foot ceilings
- Spacious loft, heat, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,180
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,600
$743.6K
Cap Rate 7%
$531,143
$531.1K
Cap Rate 9%
$413,111
$413.1K
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$46.3K $8.76/SF
− Vacancy
−$2.5K −$0.48/SF
EGI
$43.7K $8.28/SF
− OpEx
−$6.6K −$1.24/SF
NOI
$37.2K $7.04/SF
Area
Centre County, PA
Vacancy
5.43%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,600
Cap Rate 7%
$531,143
Cap Rate 9%
$413,111
Alternative Uses
Best Use
Warehouse
$531.1K
$464.8K – $619.7K
NOI $37,180 @ 7.0% cap · market cap 5.51%
Second Best
Flex RnD
$527.6K
$461.7K – $615.6K
NOI $36,934 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,628 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
14 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16828, PA
4,377
Population
2,175
Households
2
Avg Household Size
47
Median Age
29%
College-Educated
93%
High-School Grad
55.7 sq mi
ZIP Area
79
Density / Sq Mi
$73,810
Median Household Income
$48,331
Median Earnings
$993
Median Rent
$275,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Heated workspace includes a loft, a bathroom, and 14-foot ceilings for adaptable commercial and industrial operations.
Where is this flex space located?
The property is located at 110 Iron Horse Lane # Lot 1r-a3 Centre Hall, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 5,280‑square‑foot building on 1.18 acres; Eight bays with 14‑foot ceilings; Spacious loft, heat, and bathroom
