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    Air-Conditioned Industrial Warehouse Space Title is generated by Realmo AI

    1247 Walnut Street, Danville, PA 17821

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    Modern warehouse with flexible ceiling heights, reinforced floors, and multiple dock doors for industrial distribution or light manufacturing.

    Type:Industrial
    Property size:
    22,500 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:54 am

    Property Features for 1247 Walnut Street

    General Information

    Standard status
    Active
    Size
    22,500 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1970

    Spaces For Lease

    at 1247 Walnut Street Contact us

    We can help!

    Listing Contact
    Chris Matus, CCIM, SIOR, PMP

    Listing agent Chris Matus, CCIM, SIOR, PMP

    Listing office

    Listing date Jun 2, 2026

    Source Naimertz

    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 Chris Matus, CCIM, SIOR, PMP

    HighLights

    • 22,500± SF industrial space available for lease in Danville, PA—just 1.25 miles from Geisinger Medical Center
    • 16'–19' ceiling heights with 6" reinforced concrete floors rated at 3,500 PSI
    • Three loading docks with (3) 8' x 9' dock doors; column spacing 25' x 30'
    • Fully air‑conditioned with 100% wet sprinkler system for fire protection
    • 1600A 3‑phase power with 120/208V service
    • Ample car and truck parking; municipal water & sewer and natural gas available

    Overview

    This lease opportunity offers a 22,500± SF industrial space built in 1994 with concrete block and insulated metal panel construction. The warehouse is equipped with reinforced concrete floors rated at 6" thickness and provides 16'–19' ceiling heights. Three 8' x 9' loading docks support straightforward receiving and loading operations, with column spacing described as 25' x 30'.

    The property is located in Danville, PA, approximately 1.25 miles from Geisinger Medical Center. Access is supported by ample car and truck parking, with utilities including municipal water and sewer and natural gas available to the building. The site also includes a 100% wet sprinkler system.

    Designed for day-to-day industrial needs, the combination of dock access, reinforced slab, and air conditioning can support a variety of warehouse, distribution, or light industrial users seeking a functional, service-ready facility. The 3-phase power supply and robust sprinkler system further support operational continuity for tenants who prioritize reliability and infrastructure.
    Location Intelligence

    Current Use by Public Records

    Systematic Archival Filing ... Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Valley Mini Storage — 570 Mill St, Danville, PA 17821
    • The packing room — Danville, PA 17821

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Montour
    State
    Pennsylvania
    Longitude
    -76.5991917
    Latitude
    40.9594296

    FAQs

    What type of property is this?
    Warehouse - Modern warehouse with flexible ceiling heights, reinforced floors, and multiple dock doors for industrial distribution or light manufacturing.
    Where is this warehouse located?
    The property is located at 1247 Walnut Street Danville, PA.
    What are key features of this property?
    This property features: 22,500± SF industrial space available for lease in Danville, PA—just 1.25 miles from Geisinger Medical Center; 16'–19' ceiling heights with 6" reinforced concrete floors rated at 3,500 PSI; Three loading docks with (3) 8' x 9' dock doors; column spacing 25' x 30'
    (570) 760-6411
    We can help!
    Listing Contact
    Chris Matus, CCIM, SIOR, PMP
    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.

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