Building Details

Year Built 1965

Listing Agency: Astoria Realty Advisors LLC c***@thechrisgoodteam.com Show Phone

Listed By: Benuel Esh · License #RS329980 Show Phone

Source: Cummingsrealtors

Added: Sep 1 Changed: Oct 19 Last Checked: Oct 19 at 9:56AM

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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 Astoria Realty Advisors LLC

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 9,400-square-foot warehouse building was constructed in 1965 and has undergone recent renovation. The property also received recent approval for its current use, supporting continued operation in its existing configuration.

Located at 112 Blue Shutters Road in Elmhurst Township, Pennsylvania, the offering is presented at an 8.5% cap rate. Lease terms may offer flexibility based on the needs of an incoming buyer.

Key Highlights

• 9,400‑square‑foot warehouse building
• Recently renovated improvements
• Recent approval for the current use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,601

Cap Rate

4.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,332,020 $1.3M

Cap Rate 7%

$951,443 $951.4K

Cap Rate 9%

$740,011 $740.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,400 SF

Gross rent

$83.0K $8.83/SF

− Vacancy

−$4.6K −$0.49/SF

EGI

$78.4K $8.34/SF

− OpEx

−$11.8K −$1.25/SF

NOI

$66.6K $7.09/SF

Area

Lackawanna County, PA

Vacancy

5.60%

Lease Rate

$8.83 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,332,020

Cap Rate 7%

$951,443

Cap Rate 9%

$740,011

Alternative Uses

Best Use

Warehouse

$951.4K

$832.5K – $1.11M (±1% cap)

NOI $66,601 @ 7.0% cap · market cap 4.44%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.39M

$2.09M – $2.78M (±1% cap)

NOI $167,013 @ 7.0% cap · market cap 11.13%

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

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick HVAC Service Auto Repair Shop Grocery & Convenience Store Daycare Center Gym & Fitness Center Restaurant

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

Location Intelligence

Trade Area within ½ mile

27

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 18444, PA

13,540

Population

5,954

Households

2.3

Avg Household Size

46

Median Age

33%

College-Educated

94%

High-School Grad

105.1 sq mi

ZIP Area

129

Density / Sq Mi

$84,919

Median Household Income

$49,188

Median Earnings

$1,015

Median Rent

$249,400

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

Frequently Asked Questions

What type of property is this?

Warehouse - Recently updated commercial building with approval for its current use.

Where is this warehouse located?

The property is located at 112 BLUE SHUTTERS ROAD Elmhurst Twp, PA.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 9,400‑square‑foot warehouse building; Recently renovated improvements; Recent approval for the current use