Warehouse with Finished Office
New
For Sale
Contact for pricing
31 Industrial Cir, Lancaster, PA 17601
Industrial space includes loading doors, dedicated parking, and I-1 Light Industrial zoning.
Property Size80,900 SF
Price / SF$0.25
Days on Market4
Property Features for 31 Industrial Cir
General Information
Standard status
Active
Size
80,900 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
I-1
Site & Location
Road Access
Yes
Utilities to Site
Yes
Amenities
conference room
kitchenette
restroom
dock-high doors
drive-in door
480V 3-phase power
motion LED lighting
gas-fired Modine heat
forced air/AC
Building Details
Year Built
1974
Listing Agency:
Thiry Commercial
Listed By:
John F Thiry · License #RM423648
(717) 292-8400
Source:
Cummingsrealtors
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:06PM
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 Thiry Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 24,762-square-foot sublease combines 23,731 square feet of warehouse area with 1,031 square feet of finished office space. The office includes a conference room, kitchenette, and restroom. Warehouse features include 15-foot-2-inch ceilings, 480V three-phase power, motion-activated LED lighting, and gas-fired Modine heat; the office has forced-air heating and AC. Loading is available through two dock-high doors and one grade-level drive-in door, with 10 parking spaces included.
Located in an established industrial park off Horseshoe Road in Upper Leacock Township, the property has access to Routes 23, 30, and 222. It is zoned I-1 Light Industrial and served by well water and public sewer. Electric and gas costs are shared pro rata by square footage. The sublease term extends through September 30, 2029.
Located in an established industrial park off Horseshoe Road in Upper Leacock Township, the property has access to Routes 23, 30, and 222. It is zoned I-1 Light Industrial and served by well water and public sewer. Electric and gas costs are shared pro rata by square footage. The sublease term extends through September 30, 2029.
Key Highlights
- 24,762 SF total: 23,731 SF warehouse and 1,031 SF finished office
- Two dock‑high doors and one grade‑level drive‑in door
- 15‑foot‑2‑inch warehouse ceilings, 480V three‑phase power, motion LED lighting, and gas‑fired Modine heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$547,112
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,942,240
$10.9M
Cap Rate 7%
$7,815,886
$7.8M
Cap Rate 9%
$6,079,022
$6.1M
Market Conditions
NOI Build-Up for 80,900 SF
Gross rent
$697.4K $8.62/SF
− Vacancy
−$53.7K −$0.66/SF
EGI
$643.7K $7.96/SF
− OpEx
−$96.5K −$1.19/SF
NOI
$547.1K $6.76/SF
Area
Lancaster County, PA
Vacancy
7.70%
Lease Rate
$8.62 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,942,240
Cap Rate 7%
$7,815,886
Cap Rate 9%
$6,079,022
Alternative Uses
Best Use
Warehouse
$7.82M
$6.84M – $9.12M
NOI $547,112 @ 7.0% cap · market cap 2,664.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$27.11M
$23.72M – $31.63M
NOI $1,897,704 @ 7.0% cap · market cap 9,242.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17601, PA
55,710
Population
23,126
Households
2.4
Avg Household Size
43
Median Age
48%
College-Educated
94%
High-School Grad
33.5 sq mi
ZIP Area
1,663
Density / Sq Mi
$96,433
Median Household Income
$50,358
Median Earnings
$1,477
Median Rent
$324,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Ross Shipping & Receiving — 31 Industrial Cir, Lancaster, PA 17601, United States
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial space includes loading doors, dedicated parking, and I-1 Light Industrial zoning.
Where is this warehouse located?
The property is located at 31 Industrial Cir Lancaster, PA.
What are key features of this property?
This property features: 24,762 SF total: 23,731 SF warehouse and 1,031 SF finished office; Two dock‑high doors and one grade‑level drive‑in door; 15‑foot‑2‑inch warehouse ceilings, 480V three‑phase power, motion LED lighting, and gas‑fired Modine heat
