Industrial Space with Residential
For Sale
Contact for pricing
14 Steingrabe Rd, New Wilmington, PA 16142
Versatile property with industrial space and comfortable residential use.
Property Size3,280 SF
Lot Size4.00 Acres
Price / SF$141.77
Days on Market195
Property Features for 14 Steingrabe Rd
General Information
Standard status
Active
Size
3,280 SF
Lot size
4.00 Acres
Property subtype
Industrial, Mixed Use
Zoning
IDD
Building Details
Buildings
2
Stories
1
Listing Agency:
Dan Mc Cown & Co Inc
Listed By:
Joelynne Scalzo-Koury · License #PA RS345462
Source:
Crexi
Added: Feb 4
Changed: Aug 14
Last Checked: Aug 17 at 12:56PM
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 Dan Mc Cown & Co Inc
Investment Insights
Based on property information with market context.
This property features a 40' x 82' steel superstructure with 14' insulated ceilings and walls, and 10" concrete floors. It includes Reznor heaters, a trolley system, a 14' x 14' manual overhead door, a mezzanine, a half bath, and an on-site transformer. The building is well suited for workshop, light industrial, or business use. Supporting the structure is a well-maintained home/office situated on 4 acres. The residence includes updates such as a new roof, HVAC, updated electrical, new windows and doors, a newer washer and dryer, and an updated kitchen with newer all-white appliances. A low-maintenance Trex-style deck is also present. An all-season sunroom with floor-to-ceiling windows and a through-the-wall heater overlooks scenic acreage and wildlife. This versatile property offers a combination of functional industrial space and comfortable office/residential use in a peaceful rural setting. The property is located in New Wilmington, PA and is zoned R-1 AG RES District.
Key Highlights
- 40' x 82' steel superstructure suitable for workshop, light industrial, or business use
- Well‑maintained home/office situated on 4 acres
- Numerous updates to the residence including new roof, HVAC, updated electrical, new windows and doors, updated kitchen with newer appliances
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
$33,948
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
7.30%
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%
$678,960
$679.0K
Cap Rate 7%
$484,971
$485.0K
Cap Rate 9%
$377,200
$377.2K
Market Conditions
NOI Build-Up for 3,280 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
$59.0K $18.00/SF
− Vacancy
−$4.7K −$1.44/SF
EGI
$54.3K $16.56/SF
− OpEx
−$20.4K −$6.21/SF
NOI
$33.9K $10.35/SF
Area
Lawrence County, PA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$678,960
Cap Rate 7%
$484,971
Cap Rate 9%
$377,200
Alternative Uses
Best Use
Industrial
$3.28M
$2.87M – $3.83M
NOI $229,660 @ 7.0% cap · market cap 49.39%
Second Best
Mixed Use
$485.0K
$424.4K – $565.8K
NOI $33,948 @ 7.0% cap · market cap 7.30%
Theoretical Best
Warehouse
$3.98M
$3.49M – $4.65M
NOI $278,873 @ 7.0% cap · market cap 59.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 16142, PA
5,906
Population
2,096
Households
2.8
Avg Household Size
39
Median Age
35%
College-Educated
85%
High-School Grad
43.8 sq mi
ZIP Area
135
Density / Sq Mi
$78,750
Median Household Income
$37,423
Median Earnings
$797
Median Rent
$214,100
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile property with industrial space and comfortable residential use.
Where is this mixed-use property located?
The property is located at 14 Steingrabe Rd New Wilmington, PA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 40' x 82' steel superstructure suitable for workshop, light industrial, or business use; Well‑maintained home/office situated on 4 acres; Numerous updates to the residence including new roof, HVAC, updated electrical, new windows and doors, updated kitchen with newer appliances
