Multi-Building Industrial
For Sale
Contact for pricing
2455 Avonia Rd, Fairview, PA 16415
Three industrial buildings totaling 26,842± SF on 8.29± acres, with multiple drive-in overhead doors and truck docks.
Property Size26,842 SF
Lot Size8.29 Acres
Price / SF$89.23
Days on Market107
Property Features for 2455 Avonia Rd
General Information
Standard status
Active
Size
26,842 SF
Lot size
8.29 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
16.4 ft
Dock-High Doors
2
Drive-In Doors
8
Heavy Power
Yes
Sprinkler System
Yes
Amenities
5 Private Offices
Conference Room
2 Restrooms
Break Room
Work Rooms / Offices
Locker Room
Central Air Conditioning (Office Area)
Gas Forced Air Heat
Listing Agency:
Sherry Bauer Real Estate Services (SBRE)
(814) 453-2000
Listed By:
Sherry Bauer · License #RM422666
(814) 460-2000
Source:
Moodyscre
Added: May 29
Changed: Sep 7
Last Checked: Sep 12 at 5:41AM
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 Sherry Bauer Real Estate Services (SBRE)
Investment Insights
Based on property information with market context.
Multi-building industrial facility offered for sale, totaling 26,842± SF across three buildings situated on 8.29± acres. Building 1 includes a 17,882± SF main facility with two drive-in overhead doors and one truck dock, plus 2,690± SF of fully climate-controlled, recently renovated office space featuring five private offices, a conference room, two restrooms, and a break room. Building 1 also includes a 15,192± SF heated warehouse area with two work rooms/offices, a break room, locker room, and restroom, served by gas forced air heat throughout, central air conditioning for the office area, and 11' to 16'5" ceilings.
Building 1 is equipped with four cranes (one 1-ton and one 1/2-ton units listed), a 120/240/400V, 3-phase service, and a dry sprinkler system. Buildings 2 and 3 total 8,960± SF combined and each include two-bay warehouse layouts with multiple drive-in overhead doors; Building 2 has three drive-in overhead doors and one truck dock, and Building 3 has three drive-in overhead doors and a restroom. Buildings 2 and 3 are served by 120/240V, single-phase service.
The facility offers a mix of warehouse and office space with both heated warehouse areas and climate-controlled office improvements, plus overhead door and dock access across the three buildings.
Building 1 is equipped with four cranes (one 1-ton and one 1/2-ton units listed), a 120/240/400V, 3-phase service, and a dry sprinkler system. Buildings 2 and 3 total 8,960± SF combined and each include two-bay warehouse layouts with multiple drive-in overhead doors; Building 2 has three drive-in overhead doors and one truck dock, and Building 3 has three drive-in overhead doors and a restroom. Buildings 2 and 3 are served by 120/240V, single-phase service.
The facility offers a mix of warehouse and office space with both heated warehouse areas and climate-controlled office improvements, plus overhead door and dock access across the three buildings.
Key Highlights
- 3‑building industrial facility totaling 26,842± SF on 8.29± acres
- Building 1 includes 17,882± SF main facility with 2 drive‑in overhead doors and 1 truck dock
- Building 1 offers 2,690± SF fully climate controlled office area (recently renovated) with 5 private offices and conference room
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
$201,585
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
8.42%
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%
$4,031,700
$4.0M
Cap Rate 7%
$2,879,786
$2.9M
Cap Rate 9%
$2,239,833
$2.2M
Market Conditions
NOI Build-Up for 26,842 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
$254.5K $9.48/SF
− Vacancy
−$17.3K −$0.64/SF
EGI
$237.2K $8.84/SF
− OpEx
−$35.6K −$1.33/SF
NOI
$201.6K $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%
$4,031,700
Cap Rate 7%
$2,879,786
Cap Rate 9%
$2,239,833
Alternative Uses
Best Use
Warehouse
$2.88M
$2.52M – $3.36M
NOI $201,585 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.66M
$5.83M – $7.77M
NOI $466,149 @ 7.0% cap · market cap 19.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
2
Dock-high doors
8
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 16415, PA
9,898
Population
3,958
Households
2.5
Avg Household Size
44
Median Age
46%
College-Educated
98%
High-School Grad
23.3 sq mi
ZIP Area
425
Density / Sq Mi
$105,604
Median Household Income
$51,650
Median Earnings
$1,229
Median Rent
$286,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Three industrial buildings totaling 26,842± SF on 8.29± acres, with multiple drive-in overhead doors and truck docks.
Where is this warehouse located?
The property is located at 2455 Avonia Rd Fairview, PA.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: 3‑building industrial facility totaling 26,842± SF on 8.29± acres; Building 1 includes 17,882± SF main facility with 2 drive‑in overhead doors and 1 truck dock; Building 1 offers 2,690± SF fully climate controlled office area (recently renovated) with 5 private offices and conference room
