Climate-Controlled Garage Warehouse
For Sale
$259,990
165 Chestnut Grove Road D5, Dillsburg, PA 17019
Gated community garage unit with in-floor hot water heating, mini-split cooling, and high-clearance space for multiple vehicles.
Property Size1,100 SF
Price / SF$236.35
Days on Market137
Property Features for 165 Chestnut Grove Road D5
General Information
Standard status
Active
Size
1,100 SF
Additional Details
Clear Height
18 ft
Amenities
gated
climate controlled storage
4-zone hot water heating system in the floor
mini split for cooling
Building Details
Year Built
2025
Tenancy
Multi
Listing Agency:
Keller Williams of Central PA
(717) 439-9950
Listed By:
MICHAEL BRADDOCK · License #RS327247
Source:
Kandorre
Added: Apr 11
Changed: Aug 25
Last Checked: Aug 25 at 9:19AM
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 Keller Williams of Central PA
Investment Insights
Based on property information with market context.
Located at 165 Chestnut Grove Rd C-2 in Dillsburg, this climate-controlled garage warehouse condominium is part of a gated private community and represents the first of four planned buildings. The unit is configured for automobile storage and includes a 4-zone hot water heating system installed in the floor, along with a mini-split cooling system. With an 18-foot interior height and a 46-by-23-foot layout, the space is designed to accommodate more than six cars with lifts. An upstairs landing of approximately 500 square feet is included, and there are options available to modify the layout to remove the landing and create additional storage capacity for more vehicles or motorcycles.
The community is offered with an HOA fee of $100 per month. The property listing notes that upgrades and options are detailed in associated documents, and that the properties have not yet been assessed.
The community is offered with an HOA fee of $100 per month. The property listing notes that upgrades and options are detailed in associated documents, and that the properties have not yet been assessed.
Key Highlights
- Gated community garage unit in a planned private automobile enthusiast development (first of 4 planned buildings).
- Unit size is 46 x 23 with 18 ft tall clearance for accommodating multiple vehicles, including options for more storage space.
- Climate control includes 4‑zone hot water heating in the floor and mini split cooling.
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
$7,794
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
3.00%
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%
$155,880
$155.9K
Cap Rate 7%
$111,343
$111.3K
Cap Rate 9%
$86,600
$86.6K
Market Conditions
NOI Build-Up for 1,100 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
$9.7K $8.83/SF
− Vacancy
−$544 −$0.49/SF
EGI
$9.2K $8.34/SF
− OpEx
−$1.4K −$1.25/SF
NOI
$7.8K $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 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%
$155,880
Cap Rate 7%
$111,343
Cap Rate 9%
$86,600
Alternative Uses
Best Use
Warehouse
$111.3K
$97.4K – $129.9K
NOI $7,794 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$318.5K
$278.7K – $371.6K
NOI $22,294 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17019, PA
19,156
Population
7,706
Households
2.5
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
63.8 sq mi
ZIP Area
300
Density / Sq Mi
$89,740
Median Household Income
$52,691
Median Earnings
$1,088
Median Rent
$277,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Valley Storage - Dillsburg — 833 W Siddonsburg Rd, Dillsburg, PA 17019
- Premier Boat/RV Storage — 9502, 165 Chestnut Grove Rd suite a, Dillsburg, PA 17019
Frequently Asked Questions
What type of property is this?
Warehouse - Gated community garage unit with in-floor hot water heating, mini-split cooling, and high-clearance space for multiple vehicles.
Where is this warehouse located?
The property is located at 165 Chestnut Grove Road D5 Dillsburg, PA.
What is the asking price?
The asking price for this property is $259,990.
What are key features of this property?
This property features: Gated community garage unit in a planned private automobile enthusiast development (first of 4 planned buildings).; Unit size is 46 x 23 with 18 ft tall clearance for accommodating multiple vehicles, including options for more storage space.; Climate control includes 4‑zone hot water heating in the floor and mini split cooling.
