Flex Space with Warehouse
247 Gilmore Dr, Seneca, PA 16346
For Sale
$950,000
Under Contract
Commercial Sale, Seneca, PA
Property Size14,832 SF
Lot Size14.85 Acres
Price / SF$64.05
Days on Market143
Property Features for 247 Gilmore Dr
General Information
Property type
Property subtype
Zoning
Bathrooms
Rooms
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Buildings
Listing Agency:
Richards & Richards Real Estate LLC
(814) 437-2326
Listed By:
Kristopher Johnson
(814) 229-8769
Added: Jun 19
Changed: Oct 27
Last Checked: Nov 8 at 9:06AM
MLS# 163993
Copyright © 2026 Allegheny Valley Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex space property includes three buildings totaling 14,832 square feet on 14.85 acres. The improvements combine 11,248 square feet of warehouse and manufacturing area with a separate 3,584-square-foot office component. Warehouse features include 13 overhead doors, concrete floors, and pallet racking.
The property carries Industrial zoning and is located near State Route 257 and US-322 in Seneca, Pennsylvania. Built in 1966, the complex provides a combination of production, storage, and administrative space within one commercial site.
The property carries Industrial zoning and is located near State Route 257 and US-322 in Seneca, Pennsylvania. Built in 1966, the complex provides a combination of production, storage, and administrative space within one commercial site.
Key Highlights
- 14,832 square feet across three buildings on 14.85 acres
- 11,248 square feet of warehouse and manufacturing space
- Dedicated 3,584‑square‑foot office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,543
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,730,860
$1.7M
Cap Rate 7%
$1,236,329
$1.2M
Cap Rate 9%
$961,589
$961.6K
Market Conditions
NOI Build-Up for 14,832 SF
Gross rent
$131.0K $8.83/SF
− Vacancy
−$7.3K −$0.49/SF
EGI
$123.6K $8.34/SF
− OpEx
−$37.1K −$2.50/SF
NOI
$86.5K $5.83/SF
Area
Venango County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,730,860
Cap Rate 7%
$1,236,329
Cap Rate 9%
$961,589
Alternative Uses
Best Use
Office B
$3.74M
$3.27M – $4.36M
NOI $261,663 @ 7.0% cap · market cap 27.54%
Second Best
Warehouse
$1.50M
$1.31M – $1.75M
NOI $105,088 @ 7.0% cap · market cap 11.06%
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $328,914 @ 7.0% cap · market cap 34.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 16346, PA
2,846
Population
1,615
Households
1.8
Avg Household Size
49
Median Age
22%
College-Educated
96%
High-School Grad
15.6 sq mi
ZIP Area
182
Density / Sq Mi
$68,804
Median Household Income
$38,900
Median Earnings
$766
Median Rent
$131,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned property combines warehouse, manufacturing, and dedicated office areas across multiple buildings.
Where is this flex space located?
The property is located at 247 Gilmore Dr Seneca, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 14,832 square feet across three buildings on 14.85 acres; 11,248 square feet of warehouse and manufacturing space; Dedicated 3,584‑square‑foot office area
