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    1308-1316 Pennsylvania Avenue West Warren, PA 16365

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    For Sale
    $1,400,000

    Two industrial buildings fully leased until 2026 with expansion possibilities.

    Type:Industrial
    Property size:
    12,000 SF
    Price / SF:
    $116/SF
    Added:
    Nov 21, 2025
    Days on Market:
    159
    Last Refresh:
    Apr 5 at 10:33 pm

    Property Features for 1308-1316 Pennsylvania Avenue West

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2013

    We can help!

    Listing Contact
    Steve Cole, SIOR

    Listing agent Steve Cole, SIOR

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Steve Cole, SIOR

    Overview

    Leased Industrial Buildings with Expansion Potential

    This property features two industrial warehouse/distribution buildings, each approximately 12,000 square feet. The buildings are fully leased and tenant-occupied until 2026. The parcel spans 6.64 acres, offering ample space for the addition of a new 40,000 square foot building. Rail access is a possibility. The buildings are of Butler Building System construction, each measuring 80 feet by 150 feet by 20 feet. They feature 6-inch thick reinforced concrete floors. Each building includes one 9-foot by 10-foot steel insulated dock door with two windows and weather seals, as well as one 12-foot by 14-foot steel insulated drive-in door with two windows and 7-foot light track weather seals. Each building is equipped with one dock leveler with a 6-foot by 8-foot deck, 20-inch lip, weather seals, and 6-inch laminated bumpers. Each building has four exterior doors and five 3-foot by 3-foot slide windows. There are two 2-foot by 6-foot single-user, ADA-compatible restrooms in each building. Heating is provided by six natural gas-fired 175,000 BTU radiant overhead heaters in each building. Lighting consists of 400-watt metal halide high bay lights. Each building has a 480-volt, 3-phase, 400-amp electrical service, along with a 480/277 volt, 200-amp circuit panel and a 208/120 volt, 200-amp circuit panel, and a 75 KVA 480/208 volt transformer. The property includes 20,000 square feet of surface parking to the side and between each building, including the entryway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • United Refining Company Warehouse — 1004 4th Ave, Warren, PA 16365

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Warren
    State
    Pennsylvania
    Longitude
    -79.1292
    Latitude
    41.8353

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    FAQs

    What type of property is this?
    Warehouse - Two industrial buildings fully leased until 2026 with expansion possibilities.
    Where is this warehouse located?
    The property is located at 1308-1316 Pennsylvania Avenue West Warren, PA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Fully leased until 2026, providing immediate income.; Expansion potential with space for a new 40,000 SF building.; Two existing 12,000 SF industrial warehouse/distribution buildings.
    (570) 578-8296
    We can help!
    Listing Contact
    Steve Cole, SIOR
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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