Mixed-Use Industrial
255 North Pleasant Avenue, Dallastown, PA 17313
For Sale
Contact for pricing
The facility combines office, manufacturing, and warehouse space with 480V, three-phase electrical service.
Property Size25,980 SF
Price / SF$78.91
Days on Market15
Property Features for 255 North Pleasant Avenue
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Voltage
Three-Phase Power
Sprinkler System
Additional Details
Property Use
Building Details
Buildings
Building Size
Listing Agency:
TRUE Commercial Real Estate, LLC
Listed By:
Benjamin Chiaro
(717) 683-3316
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 10 at 8:41AM
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 TRUE Commercial Real Estate, LLC
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Investment Insights
Based on property information with market context.
The 25,980-square-foot building at 255 North Pleasant Avenue in Dallastown, Pennsylvania, brings together office, production, and warehouse areas. The office occupies 2,640 square feet, with 12,340 square feet devoted to manufacturing and production. An 11,000-square-foot warehouse addition was completed in 2014. The entire building is sprinklered and served by 480V, three-phase electrical service.
Ceiling heights vary by area: 9 feet in the office, 11 feet in production and manufacturing, and 14 feet in the warehouse.
Ceiling heights vary by area: 9 feet in the office, 11 feet in production and manufacturing, and 14 feet in the warehouse.
Key Highlights
- 25,980 SF building with office, production, and warehouse areas
- 2,640 SF office area and 12,340 SF production/manufacturing area
- 11,000 SF warehouse addition built in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,073
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,681,460
$3.7M
Cap Rate 7%
$2,629,614
$2.6M
Cap Rate 9%
$2,045,256
$2.0M
Market Conditions
NOI Build-Up for 25,980 SF
Gross rent
$229.4K $8.83/SF
− Vacancy
−$12.8K −$0.49/SF
EGI
$216.6K $8.34/SF
− OpEx
−$32.5K −$1.25/SF
NOI
$184.1K $7.09/SF
Area
York County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,681,460
Cap Rate 7%
$2,629,614
Cap Rate 9%
$2,045,256
Alternative Uses
Best Use
Mixed Use
$3.84M
$3.36M – $4.48M
NOI $268,893 @ 7.0% cap · market cap 13.12%
Second Best
Warehouse
$2.63M
$2.30M – $3.07M
NOI $184,073 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$7.52M
$6.58M – $8.78M
NOI $526,548 @ 7.0% cap · market cap 25.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
14 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Explore this area
Business Placement
Demographics for 17313, PA
10,755
Population
4,649
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
93%
High-School Grad
9.8 sq mi
ZIP Area
1,097
Density / Sq Mi
$67,520
Median Household Income
$43,773
Median Earnings
$1,078
Median Rent
$229,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in York County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The facility combines office, manufacturing, and warehouse space with 480V, three-phase electrical service.
Where is this mixed-use property located?
The property is located at 255 North Pleasant Avenue Dallastown, PA.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 25,980 SF building with office, production, and warehouse areas; 2,640 SF office area and 12,340 SF production/manufacturing area; 11,000 SF warehouse addition built in 2014
