Renovated Warehouse and Flex
For Sale
$399,000
2 TITUSVILLE Road, Union City, PA 16438
Renovated 2,400 sq ft building on 1.55 acres with improved visibility across from a Kwik Fil.
Property Size2,400 SF
Price / SF$166.25
Days on Market338
Property Features for 2 TITUSVILLE Road
General Information
Standard status
Active
Size
2,400 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$2,992
Amenities
Central Air, Gas
3
10 Parking Spaces.
0x0x0x0
Building Details
Year Built
1969
Listing Agency:
The Pro Group
(814) 825-7761
Listed By:
Weichert Realtors
(814) 449-7263
Source:
Xome
Added: Oct 4, 2025
Changed: Sep 1
Last Checked: Sep 5 at 4:25AM
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 The Pro Group
Investment Insights
Based on property information with market context.
This renovated warehouse and flex-use property has been newly sided, with older exterior cribs removed, resulting in improved visibility and a refreshed exterior appearance. The offering includes a 2,400 sq ft building situated on 1.55 acres, providing space that can support a range of commercial uses.
The property is located in Union City, Pennsylvania on Titusville Road, across from a Kwik Fil (described as having heavy traffic). The surrounding mix referenced in the listing includes retail, a veterinary clinic, a garden center, warehouse operations, and vehicle storage.
With the combination of a renovated exterior and acreage for on-site operations, this is a practical option for users seeking a warehouse-style building and flexible space for a variety of commercial activities. The listing also notes the property is available for lease.
The property is located in Union City, Pennsylvania on Titusville Road, across from a Kwik Fil (described as having heavy traffic). The surrounding mix referenced in the listing includes retail, a veterinary clinic, a garden center, warehouse operations, and vehicle storage.
With the combination of a renovated exterior and acreage for on-site operations, this is a practical option for users seeking a warehouse-style building and flexible space for a variety of commercial activities. The listing also notes the property is available for lease.
Key Highlights
- Renovated 2,400 SF building on 1.55 acres in Union City
- Improved visibility after exterior siding renovations and removal of old exterior cribs
- Located across from a Kwik Fil
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
$18,024
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
4.52%
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%
$360,480
$360.5K
Cap Rate 7%
$257,486
$257.5K
Cap Rate 9%
$200,267
$200.3K
Market Conditions
NOI Build-Up for 2,400 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
$22.8K $9.48/SF
− Vacancy
−$1.5K −$0.64/SF
EGI
$21.2K $8.84/SF
− OpEx
−$3.2K −$1.33/SF
NOI
$18.0K $7.51/SF
Area
Erie County, PA
Vacancy
6.80%
Lease Rate
$9.48 /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%
$360,480
Cap Rate 7%
$257,486
Cap Rate 9%
$200,267
Alternative Uses
Best Use
Warehouse
$257.5K
$225.3K – $300.4K
NOI $18,024 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$595.4K
$521.0K – $694.7K
NOI $41,679 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16438, PA
7,504
Population
4,146
Households
1.8
Avg Household Size
44
Median Age
17%
College-Educated
90%
High-School Grad
102.4 sq mi
ZIP Area
73
Density / Sq Mi
$60,559
Median Household Income
$35,208
Median Earnings
$743
Median Rent
$134,400
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.
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated 2,400 sq ft building on 1.55 acres with improved visibility across from a Kwik Fil.
Where is this warehouse located?
The property is located at 2 TITUSVILLE Road Union City, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Renovated 2,400 SF building on 1.55 acres in Union City; Improved visibility after exterior siding renovations and removal of old exterior cribs; Located across from a Kwik Fil
