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: Sep 4 Last Checked: Sep 4 at 5:29AM

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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 = 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

$66,601

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

4.16%

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%

$1,332,020 $1.3M

Cap Rate 7%

$951,443 $951.4K

Cap Rate 9%

$740,011 $740.0K

Market Conditions

NOI Build-Up for 9,400 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

$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 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%

$1,332,020

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 4.16%

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 10.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Warehouses

Suggested Use

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

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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 $1,600,000.

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