Flex Space Building with Eighteen-Foot Clear
For Sale
$2,000,000
201 Grand Avenue, Mars, PA 16046
Recently renovated flex space with showroom capability, 18-foot clear height, and a drive-in door.
Property Size12,689 SF
Price / SF$157.62
Days on Market43
Property Features for 201 Grand Avenue
General Information
Standard status
Active
Size
12,689 SF
Property subtype
Retail
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Amenities
showroom capabilities
18' clear ceiling height
drive-in door
Building Details
Building Size
12,689 SF
Buildings
1
Listing Agency:
NAI Burns Scalo
Listed By:
Chris Garrity · License #PA RS295962
(412) 266-5865
Source:
Naiburnsscalo
Added: Jul 30
Changed: Sep 8
Last Checked: Sep 10 at 8:14AM
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 NAI Burns Scalo
Investment Insights
Based on property information with market context.
This recently renovated flex space building offers showroom capabilities and flexible indoor space suitable for retail or light industrial uses. The building is 12,689 SF and includes an 18’ clear ceiling height to support a range of tenant needs. A drive-in door provides straightforward access for receiving, staging, or operations tied to light industrial workflows.
The property is located at 201 Grand Ave in Mars, PA 16046.
The property is located at 201 Grand Ave in Mars, PA 16046.
Key Highlights
- 12,689 SF recently renovated flex space building
- Showroom capabilities for retail or light industrial use
- 18’ clear ceiling height
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
$127,905
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
6.40%
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%
$2,558,100
$2.6M
Cap Rate 7%
$1,827,214
$1.8M
Cap Rate 9%
$1,421,167
$1.4M
Market Conditions
NOI Build-Up for 12,689 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
$190.3K $15.00/SF
− Vacancy
−$7.6K −$0.60/SF
EGI
$182.7K $14.40/SF
− OpEx
−$54.8K −$4.32/SF
NOI
$127.9K $10.08/SF
Area
Butler County, PA
Vacancy
4.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,558,100
Cap Rate 7%
$1,827,214
Cap Rate 9%
$1,421,167
Alternative Uses
Best Use
Retail
$1.83M
$1.60M – $2.13M
NOI $127,905 @ 7.0% cap · market cap 6.40%
Second Best
Industrial
$613.9K
$537.2K – $716.3K
NOI $42,976 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,246 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 16046, PA
19,257
Population
7,430
Households
2.6
Avg Household Size
40
Median Age
68%
College-Educated
99%
High-School Grad
22.8 sq mi
ZIP Area
845
Density / Sq Mi
$143,987
Median Household Income
$74,861
Median Earnings
$1,713
Median Rent
$481,400
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?
Flex space - Recently renovated flex space with showroom capability, 18-foot clear height, and a drive-in door.
Where is this flex space located?
The property is located at 201 Grand Avenue Mars, PA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 12,689 SF recently renovated flex space building; Showroom capabilities for retail or light industrial use; 18’ clear ceiling height
