Building Details

Building Size 12,058 SF

Year Built 2007

Listing Agency: Davis R. Chant Real Estate - Milford e***@ericerealestate.com Show Phone

Listed By: Eric Ehrhardt · License #RS140542A Show Phone

Source: Dpcomgroup

Added: Nov 20, 2025 Changed: Aug 8 Last Checked: Aug 11 at 4:42AM

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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 Davis R. Chant Real Estate - Milford

Investment Insights

Based on property information with market context.

This 12,058 square foot commercial building is described as being in excellent condition and sits on 2.87 acres with a large paved parking area. The property includes approximately 10,320 square feet of heated open span warehouse space with ceiling heights ranging from 12.5' to 15.5'. Two 12' wide by 14' high garage doors provide direct access for deliveries and equipment. An additional 1,738 square feet is designated for office and support use, with central A/C, four private offices, a restroom, a kitchenette, and a potential display or showroom area.

The building offers more than 200 feet of frontage on busy Route 590 near Hawley and Lake Wallenpaupack, with proximity to I-84 noted in the remarks. The combination of frontage and on-site paved parking supports straightforward customer and logistics access.

Designed for flexibility, the layout pairs an open-span heated work area with a functional office suite, making it suitable for warehouse, distribution, or light manufacturing users. The presence of large overhead doors and the described commercially zoned status may help support a broad range of industrial-oriented tenant requirements.

Key Highlights

• 12,058 SF commercial building on 2.87 acres with 200+ ft of frontage on busy Route 590 near Hawley and Lake Wallenpaupack
• 10,320 SF heated open‑span warehouse space with 12.5'–15.5' ceiling heights
• Two 12' x 14' garage doors for delivery and equipment access

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

$69,603

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

8.19%

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%

$1,392,060 $1.4M

Cap Rate 7%

$994,329 $994.3K

Cap Rate 9%

$773,367 $773.4K

Market Conditions

NOI Build-Up for 12,058 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

$106.2K $8.81/SF

− Vacancy

−$6.8K −$0.56/SF

EGI

$99.4K $8.25/SF

− OpEx

−$29.8K −$2.47/SF

NOI

$69.6K $5.77/SF

Area

Wayne County, PA

Vacancy

6.40%

Lease Rate

$8.81 /SF/Yr

Expense Ratio

30.00%

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%

$1,392,060

Cap Rate 7%

$994,329

Cap Rate 9%

$773,367

Alternative Uses

Best Use

Warehouse

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,517 @ 7.0% cap · market cap 9.94%

Second Best

Industrial

$994.3K

$870.0K – $1.16M (±1% cap)

NOI $69,603 @ 7.0% cap · market cap 8.19%

Theoretical Best

Office A

$2.94M

$2.57M – $3.43M (±1% cap)

NOI $205,816 @ 7.0% cap · market cap 24.21%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Swags Galore Home Decor Store

Suggested Use

Top Pick Building Supply Storage Facility Big Box & Wholesale Store Garden Center Bakery Auto Repair Shop

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

15 ft

Clear height

2

Drive-in doors

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

60

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 18438, PA

1,186

Population

1,692

Households

0.7

Avg Household Size

57

Median Age

38%

College-Educated

95%

High-School Grad

8.2 sq mi

ZIP Area

145

Density / Sq Mi

$59,808

Median Household Income

$41,250

Median Earnings

$352,600

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 - Open-span heated warehouse space with office amenities and two large garage doors supports warehouse, distribution, or light manufacturing.

Where is this warehouse located?

The property is located at 1285 Purdytown Turnpike Lakeville, PA.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: 12,058 SF commercial building on 2.87 acres with 200+ ft of frontage on busy Route 590 near Hawley and Lake Wallenpaupack; 10,320 SF heated open‑span warehouse space with 12.5'–15.5' ceiling heights; Two 12' x 14' garage doors for delivery and equipment access