Industrial Mining
For Sale
$6,500,000
1246 And 1246-A Maidencreek Rd, Fleetwood, PA 19522
Fenced property with industrial zoning, paved private parking, and electric, natural gas, and steam systems.
Property Size77,398 SF
Price / SF$83.98
Days on Market624
Property Features for 1246 And 1246-A Maidencreek Rd
General Information
Standard status
Active
Size
77,398 SF
Property subtype
Commercial
Building Details
Year Built
1970
Listing Agency:
RE/MAX Of Reading
Listed By:
Randy L Weidner · License #RS196634L
(610) 670-2770
Source:
Baltimoreharfordhomesforsale
Added: Jan 4, 2025
Changed: Sep 17
Last Checked: Sep 19 at 10:01AM
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 RE/MAX Of Reading
Investment Insights
Based on property information with market context.
This mining land and claims property is designated INDUSTRIAL (I) and includes a fenced exterior with a private, paved parking lot. The property has electric service, natural gas, forced-air and steam systems, and an electric water heater. County records identify the property within Berks County.
Access is described from Route 61 North via Route 73 East, Calcium Road, and Maidencreek Road, with the property located on the right. The address is 1246 and 1246-A Maidencreek Road in Fleetwood, Pennsylvania.
Access is described from Route 61 North via Route 73 East, Calcium Road, and Maidencreek Road, with the property located on the right. The address is 1246 and 1246-A Maidencreek Road in Fleetwood, Pennsylvania.
Key Highlights
- Mining land and claims property with INDUSTRIAL (I) zoning
- Fenced property with private, paved parking lot
- Electric, natural gas, forced‑air, and steam systems
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
$451,607
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
6.95%
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%
$9,032,140
$9.0M
Cap Rate 7%
$6,451,529
$6.5M
Cap Rate 9%
$5,017,856
$5.0M
Market Conditions
NOI Build-Up for 77,398 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
$683.4K $8.83/SF
− Vacancy
−$38.3K −$0.49/SF
EGI
$645.2K $8.34/SF
− OpEx
−$193.5K −$2.50/SF
NOI
$451.6K $5.83/SF
Area
Berks County, PA
Vacancy
5.60%
Lease Rate
$8.83 /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%
$9,032,140
Cap Rate 7%
$6,451,529
Cap Rate 9%
$5,017,856
Alternative Uses
Best Use
Industrial
$6.45M
$5.65M – $7.53M
NOI $451,607 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.71M
$11.12M – $14.82M
NOI $889,396 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 19522, PA
14,098
Population
5,625
Households
2.5
Avg Household Size
45
Median Age
24%
College-Educated
91%
High-School Grad
46.6 sq mi
ZIP Area
303
Density / Sq Mi
$95,366
Median Household Income
$51,043
Median Earnings
$1,202
Median Rent
$255,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Mining land & claim - Fenced property with industrial zoning, paved private parking, and electric, natural gas, and steam systems.
Where is this mining land & claim located?
The property is located at 1246 And 1246-A Maidencreek Rd Fleetwood, PA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Mining land and claims property with INDUSTRIAL (I) zoning; Fenced property with private, paved parking lot; Electric, natural gas, forced‑air, and steam systems
