Stabilized Warehouse
2315 W Grandview Blvd Erie, PA 16506
2315 W Grandview Blvd, Erie, PA, 16506
Contact for pricing
For Sale
Contact for pricing
Stabilized warehouse with 95% occupancy and no on-site office space.
Property Size37,265 SF
Price / SF$96.61
Days on Market76
Property Features for 2315 W Grandview Blvd
General Information
- Standard status
- Active
- Size
- 37,265 SF
- Property subtype
- INDUSTRIAL
Listing agency
SVN Wilson Commercial
(614) 370-9077
Listed by
Kristen Asman · License ##658012934
(614) 370-9077
Source
Moodyscre
Added: May 8 Updated: Jul 20 at 4:57PM Checked: Jul 21 at 8:47AM
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 Wilson Commercial
Investment Insights
Based on property information with market context.
This stabilized warehouse offering features an in-fill configuration and 95% occupancy. The property is presented as a stabilized asset and includes no on-site office space, supporting a warehouse-focused setup.
Located at 2315 W Grandview Blvd in Erie, PA 16506, the property’s in-fill positioning is intended to serve nearby demand while maintaining a warehouse-oriented footprint. With 37,265 square feet of space, it is structured for tenant occupancy without dedicated office component on-site.
As provided, the asset is offered for sale with 95% occupancy and no on-site office.
Located at 2315 W Grandview Blvd in Erie, PA 16506, the property’s in-fill positioning is intended to serve nearby demand while maintaining a warehouse-oriented footprint. With 37,265 square feet of space, it is structured for tenant occupancy without dedicated office component on-site.
As provided, the asset is offered for sale with 95% occupancy and no on-site office.
Key Highlights
- Stabilized warehouse asset
- 95% occupancy
- No on‑site office space
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $353.3k | $9.48 |
| − Vacancy | −$24.0k | −$0.64 |
| EGI | $329.2k | $8.84 |
| − OpEx | −$49.4k | −$1.33 |
| NOI | $279.9k | $7.51 |
37,265 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.00M
$3.50M – $4.66M
NOI $279,862 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.25M
$8.09M – $10.79M
NOI $647,159 @ 7.0% cap · market cap 17.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Riedman Apartments
Apartment Building
Store-N-Lock
Storage Facility
Similar For Sale Nearby
Similar Off Market Nearby
- Zimmerman Self Storage — 3710 Zimmerman Rd, Erie, PA 16510
- Southview Storage — 3710 zimmerman rd, erie, pa 16510
FAQs
What type of property is this?
Warehouse - Stabilized warehouse with 95% occupancy and no on-site office space.
Where is this warehouse located?
The property is located at 2315 W Grandview Blvd Erie, PA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Stabilized warehouse asset; 95% occupancy; No on‑site office space
