Industrial Flex
New
For Sale
$1,999,900
2505 AVONIA Road, Fairview, PA 16415
CommercialSale, Fairview, PA
Property Size26,842 SF
Lot Size8.29 Acres
Price / SF$74.51
Days on Market1
Property Features for 2505 AVONIA Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-1
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
Elementary school district
Fairview
Middle school district
Fairview
High school district
Fairview
Directions
From 2635 W 26th St, head west on W 26th St/US-20 and continue onto W Ridge Rd. Turn right onto Avonia Rd/PA-98. Continue north, property on the right
Subdivision
8 - Fairview Boro & Twp
Standard status
Active
APN
21-046-061.0-014.00
Size
26,842 SF
Lot size
8.29 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12786
Expense value
50000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Natural Gas
Water source
Well
Building Details
Year built
1961
Building materials
Masonry, MetalSiding
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Brielle Brown · License #RS347340
(814) 323-3619
Added: Sep 8
Last Checked: Sep 8 at 9:06PM
MLS# 193082
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial flex property comprises three buildings totaling 26,842+/- SF on 8.29+/- acres. The primary 17,882+/- SF building includes 2,690+/- SF of recently renovated, climate-controlled office space with five private offices, a conference room, break room, and two restrooms, along with 15,192+/- SF of heated warehouse area. Its operational improvements include two drive-in doors, one truck dock, ceilings ranging from 11' to 16'5", 3-phase 120/240/400V power, five cranes, and a dry sprinkler system.
The 4,960+/- SF second building was constructed in 1997 and provides two bays, three drive-in doors, a truck dock, 13'+ ceilings, two-zone gas heat, and a metal roof. The third building contains 4,000+/- SF, including 3,200+/- SF with gas heat, two bays, three drive-in doors, and a restroom. The property is zoned I-1 Light Industrial and served by a well and septic tank, with access approximately 2.9 miles from I-90.
The 4,960+/- SF second building was constructed in 1997 and provides two bays, three drive-in doors, a truck dock, 13'+ ceilings, two-zone gas heat, and a metal roof. The third building contains 4,000+/- SF, including 3,200+/- SF with gas heat, two bays, three drive-in doors, and a restroom. The property is zoned I-1 Light Industrial and served by a well and septic tank, with access approximately 2.9 miles from I-90.
Key Highlights
- 26,842+/- SF across three industrial buildings on 8.29+/- acres
- Main building includes 2,690+/- SF of renovated climate‑controlled office space
- 15,192+/- SF of heated warehouse space in the primary building
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
$166,011
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
8.30%
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%
$3,320,220
$3.3M
Cap Rate 7%
$2,371,586
$2.4M
Cap Rate 9%
$1,844,567
$1.8M
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
−$71.1K −$2.65/SF
NOI
$166.0K $6.18/SF
Area
Erie County, PA
Vacancy
6.80%
Lease Rate
$9.48 /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%
$3,320,220
Cap Rate 7%
$2,371,586
Cap Rate 9%
$1,844,567
Alternative Uses
Best Use
Warehouse
$2.88M
$2.52M – $3.36M
NOI $201,585 @ 7.0% cap · market cap 10.08%
Second Best
Industrial
$2.37M
$2.08M – $2.77M
NOI $166,011 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$6.66M
$5.83M – $7.77M
NOI $466,149 @ 7.0% cap · market cap 23.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
2
Dock-high doors
8
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Three-building industrial property with office, warehouse, manufacturing, distribution, and contractor-use capabilities.
Where is this flex space located?
The property is located at 2505 AVONIA Road Fairview, PA.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: 26,842+/- SF across three industrial buildings on 8.29+/- acres; Main building includes 2,690+/- SF of renovated climate‑controlled office space; 15,192+/- SF of heated warehouse space in the primary building
