Building Details

Buildings 1

Tenancy Single

Listing Agency: Italiano Commercial Real Estate

Listed By: Edward Banes · License #PA RS322090

Source: Crexi

Added: Jan 24 Changed: Oct 2 Last Checked: Oct 7 at 12:04PM

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Investment Insights

Based on property information with market context.

This industrial investment property is available for sale. It is a single tenant property with a NNN long term lease in place. The property offers a 7% cap rate. The property size is 39900 square feet.

Key Highlights

• New Listing
• Industrial Investment Property
• Single Tenant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$222,218

Cap Rate

5.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,444,360 $4.4M

Cap Rate 7%

$3,174,543 $3.2M

Cap Rate 9%

$2,469,089 $2.5M

Market Conditions

NOI Build-Up for 39,900 SF

Gross rent

$343.9K $8.62/SF

− Vacancy

−$26.5K −$0.66/SF

EGI

$317.5K $7.96/SF

− OpEx

−$95.2K −$2.39/SF

NOI

$222.2K $5.57/SF

Area

Lancaster County, PA

Vacancy

7.70%

Lease Rate

$8.62 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,444,360

Cap Rate 7%

$3,174,543

Cap Rate 9%

$2,469,089

Alternative Uses

Best Use

Industrial

$3.17M

$2.78M – $3.70M (±1% cap)

NOI $222,218 @ 7.0% cap · market cap 5.56%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$13.37M

$11.70M – $15.60M (±1% cap)

NOI $935,951 @ 7.0% cap · market cap 23.43%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

NNN properties

Suggested Use

Top Pick Real Estate Agency Auto Parts Store HVAC Service Parking Lot & Garage Law Firm 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.

Location Intelligence

Trade Area within ½ mile

90

Businesses Nearby

Explore this area Business Placement

Demographics for 17517, PA

16,092

Population

5,636

Households

2.9

Avg Household Size

40

Median Age

22%

College-Educated

87%

High-School Grad

35.5 sq mi

ZIP Area

453

Density / Sq Mi

$99,688

Median Household Income

$46,072

Median Earnings

$1,229

Median Rent

$281,200

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - Single tenant NNN leased industrial investment property available for sale.

Where is this nnn property located?

The property is located at 18 Industrial Way Denver, PA.

What is the asking price?

The asking price for this property is $3,995,000.

What are key features of this property?

This property features: New Listing; Industrial Investment Property; Single Tenant