New Warehouse with Finished
For Sale
$1,350,000
180 Hollywood Dr, Butler, PA 16001
Newly built warehouse with finished office space for sale.
Property Size12,500 SF
Price / SF$108
Days on Market215
Property Features for 180 Hollywood Dr
General Information
Standard status
Active
Size
12,500 SF
Property subtype
Industrial
Building Details
Building Size
12,500 SF
Year Built
2021
Listing Agency:
SVN | Three Rivers Commercial Advisors
Listed By:
Garrett Cheran · License #RSS346228
(724) 759-5164
Source:
Svn
Added: Mar 6
Changed: Oct 6
Last Checked: Oct 7 at 10:59AM
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 SVN | Three Rivers Commercial Advisors
Investment Insights
Based on property information with market context.
This newly constructed warehouse/manufacturing building, completed in 2021, offers 12,500 square feet of space. The property includes 10,000 square feet of clear-span warehouse area and 2,500 square feet of fully finished office space. The office area features two ADA-compliant restrooms, a conference room, a reception/entry area, a large breakroom with a kitchen, and four individual office spaces. The warehouse dimensions are 125 feet by 80 feet. Located in Butler City, the property also has the potential for an additional 8,000 square feet of construction on the back of the building.
Key Highlights
- Newly built (2021) 12,500 sq ft warehouse/manufacturing building.
- Benefit from 10,000 sq ft of clear span warehouse space.
- Features 2,500 sq ft of fully finished office space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,408
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,160
$1.0M
Cap Rate 7%
$734,400
$734.4K
Cap Rate 9%
$571,200
$571.2K
Market Conditions
NOI Build-Up for 12,500 SF
Gross rent
$63.0K $5.04/SF
− Vacancy
−$2.5K −$0.20/SF
EGI
$60.5K $4.84/SF
− OpEx
−$9.1K −$0.73/SF
NOI
$51.4K $4.11/SF
Area
Butler County, PA
Vacancy
4.00%
Lease Rate
$5.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,160
Cap Rate 7%
$734,400
Cap Rate 9%
$571,200
Alternative Uses
Best Use
Warehouse
$734.4K
$642.6K – $856.8K
NOI $51,408 @ 7.0% cap · market cap 3.81%
Second Best
Industrial
$604.8K
$529.2K – $705.6K
NOI $42,336 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$3.18M
$2.79M – $3.71M
NOI $222,876 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Explore this area
Business Placement
Demographics for 16001, PA
40,085
Population
19,757
Households
2
Avg Household Size
46
Median Age
28%
College-Educated
94%
High-School Grad
75.8 sq mi
ZIP Area
529
Density / Sq Mi
$61,325
Median Household Income
$42,542
Median Earnings
$864
Median Rent
$191,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Newly built warehouse with finished office space for sale.
Where is this manufacturing property located?
The property is located at 180 Hollywood Dr Butler, PA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Newly built (2021) 12,500 sq ft warehouse/manufacturing building.; Benefit from **10,000 sq ft of clear span warehouse space.**; Features **2,500 sq ft of fully finished office space.**
