Building Details

Year Built 1971

Listing Agency: Foundation First Property Group o***@foundationfirstpg.com Show Phone

Listed By: Jeffrey S Wright · License #RM423638 Show Phone

Source: Cummingsrealtors

Added: Aug 28 Changed: Oct 15 Last Checked: Oct 16 at 8:03AM

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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 Foundation First Property Group

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Investment Insights

Based on property information with market context.

This warehouse property provides over 3000 square feet of enclosed space on the main level, with high ceilings and electricity available. A second-floor area may accommodate office use, subject to applicable restrictions and approvals.

The property is situated in a residential setting at 1647 Haar Road in Spring Grove, Pennsylvania. Township requirements prohibit commercial work at the location and prohibit business signage, with additional limits on the hours when work may occur. These conditions support consideration for storage or personal garage use rather than conventional commercial operations. The building was constructed in 1971.

Key Highlights

• Over 3000 sq. ft. of enclosed main‑level space
• High ceilings accommodate varied storage needs
• Electricity is available at the property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,256

Suggested Prices Based on Cap Rates

Cap Rate 5%

$425,120 $425.1K

Cap Rate 7%

$303,657 $303.7K

Cap Rate 9%

$236,178 $236.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$26.5K $8.83/SF

− Vacancy

−$1.5K −$0.49/SF

EGI

$25.0K $8.34/SF

− OpEx

−$3.8K −$1.25/SF

NOI

$21.3K $7.09/SF

Area

York County, PA

Vacancy

5.60%

Lease Rate

$8.83 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$425,120

Cap Rate 7%

$303,657

Cap Rate 9%

$236,178

Alternative Uses

Best Use

Warehouse

$303.7K

$265.7K – $354.3K (±1% cap)

NOI $21,256 @ 7.0% cap · market cap 2,834.13%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$868.6K

$760.0K – $1.01M (±1% cap)

NOI $60,802 @ 7.0% cap · market cap 8,106.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Building Supply Auto Repair Shop Electrical Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

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

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

23

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 17362, PA

13,935

Population

5,595

Households

2.5

Avg Household Size

44

Median Age

26%

College-Educated

92%

High-School Grad

49.1 sq mi

ZIP Area

284

Density / Sq Mi

$96,438

Median Household Income

$49,652

Median Earnings

$1,183

Median Rent

$258,700

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 - Enclosed space with available electricity and township restrictions limiting commercial activity and signage.

Where is this warehouse located?

The property is located at 1647 HAAR ROAD Spring Grove, PA.

What are key features of this property?

This property features: Over 3000 sq. ft. of enclosed main‑level space; High ceilings accommodate varied storage needs; Electricity is available at the property