Building Details

Buildings 2

Construction metal

Listing Agency: RE/MAX Hometown Realty a***@hometownrealty.pro Show Phone

Listed By: Richard Kress · License #RM421637 Show Phone

Source: Exprealty

Added: Jun 16 Changed: Oct 5 Last Checked: Oct 16 at 11:37AM

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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.

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 / Yr

$65,337

Cap Rate

8.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,306,740 $1.3M

Cap Rate 7%

$933,386 $933.4K

Cap Rate 9%

$725,967 $726.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,700 SF

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 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 (±1% cap)

NOI $65,337 @ 7.0% cap · market cap 8.71%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.16M

$1.89M – $2.52M (±1% cap)

NOI $151,088 @ 7.0% cap · market cap 20.15%

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

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Electrical Service Law Firm Dental Office Plumbing Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store

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

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

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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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 $750,000.

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