Lancaster Industrial/Self Storage
33 Old Dorwart St Lancaster, PA 17603
33 Old Dorwart St, Lancaster, PA, 17603
$900,000
For Sale
$900,000
Fully occupied industrial/self-storage property in Lancaster, PA.
Property Size5,420 SF
Price / SF$166.05
Days on Market113
Property Features for 33 Old Dorwart St
General Information
- Standard status
- Active
- Size
- 5,420 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1930
Listing agency
NAI Keystone Commercial & Industrial, LLC
(717) 951-4127
Listed by
Kevin Wolfe · License #RS358185
(717) 951-4127
Source
Naikeystone
Added: Apr 1 Updated: Jul 10 at 1:16PM Checked: Jul 10 at 1:16PM
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 NAI Keystone Commercial & Industrial, LLC
Investment Insights
Based on property information with market context.
Located in Lancaster, PA, this property features a 5,420 square foot building suitable for industrial and self-storage use. The building contains 56 units and is currently fully occupied. Originally constructed in 1930, the property was renovated in 2010. The property is zoned R3 and is positioned to capitalize on the Lancaster market.
Key Highlights
- 100% Occupancy: Demonstrates consistent revenue generation and high demand
- 5,420 SF Building with 56 Units: Substantial size with multiple income streams
- Zoned R3: Suitable zoning for industrial/self‑storage use
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.0k | $14.40 |
| − Vacancy | −$3.9k | −$0.72 |
| EGI | $74.1k | $13.68 |
| − OpEx | −$22.2k | −$4.10 |
| NOI | $51.9k | $9.58 |
5,420 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$741.5K
$648.8K – $865.0K
NOI $51,902 @ 7.0% cap · market cap 5.77%
Second Best
Industrial
$431.2K
$377.3K – $503.1K
NOI $30,186 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,139 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
SOWE Storage unit
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Fully occupied industrial/self-storage property in Lancaster, PA.
Where is this self storage facility located?
The property is located at 33 Old Dorwart St Lancaster, PA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 100% Occupancy: Demonstrates consistent revenue generation and high demand; 5,420 SF Building with 56 Units: Substantial size with multiple income streams; Zoned R3: Suitable zoning for industrial/self‑storage use
