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 Market170
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
(724) 759-5164
Listed By:
Garrett Cheran · License #RSS346228
(724) 759-5164
Source:
Svn
Added: Mar 6
Changed: Aug 18
Last Checked: Aug 22 at 4:56AM
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 = 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
$51,408
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
3.81%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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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.**
