230 S 10th Street, Lemoyne, PA 17043

Building Details

Building Size 105,960 SF More

Year Built 1975 More

Listing Agency: NAI CIR

Listed By: Daniel J. Alderman · License #PA #RS134079A Show Phone

Source: Circommercial

Added: Sep 19 Changed: Oct 26 Last Checked: Nov 6 at 5:26AM

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Investment Insights

Based on property information with market context.

The 105,960 SF industrial property at 230 S. 10th Street includes 82,260 SF of high-bay warehouse area, 9,600 SF of low-bay warehouse area, and 13,644 SF of office space. Office space includes 2,022 SF on the first floor and 11,622 SF on the second floor. Built in 1975, the building offers a substantial combination of warehouse and administrative areas.

Warehousing is not specifically permitted under the applicable zoning, and proposed use should be reviewed with Lemoyne Borough. The property is subject to a Coca-Cola (ABARTA) lease expiring December 31, 2027.

Key Highlights

• 82,260 SF of high‑bay warehouse space
• 9,600 SF of low‑bay warehouse space
• 13,644 SF of office space, including 2,022 SF on the first floor and 11,622 SF on the second floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$723,471

Cap Rate

6.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$14,469,420 $14.5M

Cap Rate 7%

$10,335,300 $10.3M

Cap Rate 9%

$8,038,567 $8.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 105,960 SF

Gross rent

$892.2K $8.42/SF

− Vacancy

−$41.0K −$0.39/SF

EGI

$851.1K $8.03/SF

− OpEx

−$127.7K −$1.20/SF

NOI

$723.5K $6.83/SF

Area

Cumberland County, PA

Vacancy

4.60%

Lease Rate

$8.42 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$14,469,420

Cap Rate 7%

$10,335,300

Cap Rate 9%

$8,038,567

Alternative Uses

Best Use

Warehouse

$10.34M

$9.04M – $12.06M (±1% cap)

NOI $723,471 @ 7.0% cap · market cap 6.58%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$24.61M

$21.54M – $28.72M (±1% cap)

NOI $1,722,960 @ 7.0% cap · market cap 15.66%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Restaurant Hotel & Motel Parking Lot & Garage

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

945

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 17043, PA

6,184

Population

3,037

Households

2

Avg Household Size

41

Median Age

37%

College-Educated

92%

High-School Grad

2.1 sq mi

ZIP Area

2,945

Density / Sq Mi

$66,752

Median Household Income

$46,436

Median Earnings

$968

Median Rent

$216,300

Median Home Value

Market

Properties on Market for Warehouses in Cumberland County

Jul

Aug

Sep

Oct

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

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Frequently Asked Questions

What type of property is this?

Warehouse - Industrial property combines multiple warehouse configurations with dedicated office space.

Where is this warehouse located?

The property is located at 230 S 10th Street Lemoyne, PA.

What is the asking price?

The asking price for this property is $11,000,000.

What are key features of this property?

This property features: 82,260 SF of high‑bay warehouse space; 9,600 SF of low‑bay warehouse space; 13,644 SF of office space, including 2,022 SF on the first floor and 11,622 SF on the second floor