Attached Warehouse
For Sale
$750,000
11262 BACO Road, Meadville, PA 16335
CommercialSale, Meadville, PA
Property Size8,700 SF
Lot Size2.13 Acres
Price / SF$86.21
Days on Market70
Property Features for 11262 BACO Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
COMM-CORR
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
20
Lot features
Mineral Rights
Elementary school district
Crawford Central
Middle school district
Crawford Central
High school district
Crawford Central
Directions
From Round About take 322W past Walmart. Rt. onto Baco Road. Property on Right.
Subdivision
21 - Vernon Township
Standard status
Active
APN
6505-052-54
Size
8,700 SF
Lot size
2.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2912
Expense value
25000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Natural Gas
Water source
Well
Building Details
Year built
1986
Building materials
MetalSiding
Listing Agency:
RE/MAX Hometown Realty · RE/MAX International
(814) 333-1141
Listed By:
Richard Kress · License #RM421637
(814) 724-9853
Added: Jun 15
Changed: Aug 19
Last Checked: Aug 23 at 3:06PM
MLS# 191479
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property includes two connected metal warehouse buildings with concrete flooring. One structure measures 50 by 70 feet and has three overhead doors. The second measures 50 by 104 feet, includes two overhead doors and two bathrooms, and is heated by natural-gas radiant systems. The buildings were constructed in 1986 and are currently used for warehouse purposes.
The 2.13-acre site is located near Walmart, I-79, and State Route 322 in the Meadville area. Public sewer and well water serve the property. The parcel has recently been surveyed and subdivided, providing a clearly documented site configuration for commercial consideration.
The 2.13-acre site is located near Walmart, I-79, and State Route 322 in the Meadville area. Public sewer and well water serve the property. The parcel has recently been surveyed and subdivided, providing a clearly documented site configuration for commercial consideration.
Key Highlights
- Two attached warehouse buildings on a 2.13‑acre parcel
- 50x70 building with 3 overhead doors
- 50x104 building with 2 overhead doors and 2 bathrooms
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
8.71%
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 8.71%
Second Best
Industrial
$768.7K
$672.6K – $896.8K
NOI $53,807 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,088 @ 7.0% cap · market cap 20.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Metal warehouse improvements with concrete floors, overhead loading access, public sewer, and well water.
Where is this warehouse located?
The property is located at 11262 BACO Road 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 on a 2.13‑acre parcel; 50x70 building with 3 overhead doors; 50x104 building with 2 overhead doors and 2 bathrooms
