Attached Warehouse
For Sale
$975,000
11262 Baco Rd, Meadville, PA 16335
Two connected warehouse structures feature metal construction, concrete floors, and separate overhead-door access.
Property Size8,700 SF
Price / SF$112.07
Days on Market76
Property Features for 11262 Baco Rd
General Information
Standard status
Active
Size
8,700 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,912
Building Details
Buildings
2
Construction
metal
Listing Agency:
RE/MAX Hometown Realty
(814) 724-9853
Listed By:
Richard Kress · License #RM421637
(814) 724-9853
Source:
Exprealty
Added: Jun 16
Changed: Aug 30
Last Checked: Aug 30 at 12:29AM
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 RE/MAX Hometown Realty
Investment Insights
Based on property information with market context.
This warehouse property comprises two attached commercial-industrial buildings currently used for storage and warehouse operations. The structures have durable metal exteriors and concrete floors. One building measures 50 by 70 feet and provides three overhead doors, while the second measures 50 by 104 feet and includes two overhead doors and two bathrooms. Public sewer and well water serve the property.
The site is near Walmart, I-79, and State Route 322 in Vernon Township. The property at 11262 Baco Rd has recently been surveyed and subdivided, adding clarity to the current parcel configuration.
The site is near Walmart, I-79, and State Route 322 in Vernon Township. The property at 11262 Baco Rd has recently been surveyed and subdivided, adding clarity to the current parcel configuration.
Key Highlights
- Two attached warehouse buildings with 50 by 70‑foot and 50 by 104‑foot footprints
- Five overhead doors total: 3 in the 50 by 70 building and 2 in the 50 by 104 building
- Concrete floors and durable metal construction
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
$65,337
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
6.70%
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%
$1,306,740
$1.3M
Cap Rate 7%
$933,386
$933.4K
Cap Rate 9%
$725,967
$726.0K
Market Conditions
NOI Build-Up for 8,700 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
$82.5K $9.48/SF
− Vacancy
−$5.6K −$0.64/SF
EGI
$76.9K $8.84/SF
− OpEx
−$11.5K −$1.33/SF
NOI
$65.3K $7.51/SF
Area
Crawford County, PA
Vacancy
6.80%
Lease Rate
$9.48 /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%
$1,306,740
Cap Rate 7%
$933,386
Cap Rate 9%
$725,967
Alternative Uses
Best Use
Warehouse
$933.4K
$816.7K – $1.09M
NOI $65,337 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,088 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 16335, PA
27,452
Population
12,547
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
240
Density / Sq Mi
$58,531
Median Household Income
$32,692
Median Earnings
$892
Median Rent
$149,500
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?
Warehouse - Two connected warehouse structures feature metal construction, concrete floors, and separate overhead-door access.
Where is this warehouse located?
The property is located at 11262 Baco Rd Meadville, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two attached warehouse buildings with 50 by 70‑foot and 50 by 104‑foot footprints; Five overhead doors total: 3 in the 50 by 70 building and 2 in the 50 by 104 building; Concrete floors and durable metal construction
