Building Details

Year Built 1930

Year Renovated 2010

Building Size 5,420 SF

Listing Agency: NAI Keystone Commercial & Industrial, LLC Show Phone

Listed By: Kevin Wolfe · License #RS358185 Show Phone

Source: Moodyscre

Added: Jan 20 Changed: Oct 4 Last Checked: Oct 12 at 7:08PM

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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.

Self storage facility featuring a 5,420 SF building with 56 units. The property was originally built in 1930 and renovated in 2010, bringing modern functionality to a long-standing asset. Full occupancy is reported, with 100% occupancy across the units.

The property is zoned R3 and is located at 33 Old Dorwart St in Lancaster, PA 17603. The unit mix and storage layout are designed to support consistent tenant demand in the self-storage sector.

With its established operating performance and documented renovations, this facility offers a structured opportunity for buyers seeking an income-producing storage property with a proven occupancy profile.

Key Highlights

• 5,420 SF self storage building
• 56 units
• 100% occupancy reported

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,902

Cap Rate

5.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,038,040 $1.0M

Cap Rate 7%

$741,457 $741.5K

Cap Rate 9%

$576,689 $576.7K

Market Conditions

NOI Build-Up for 5,420 SF

Gross rent

$78.0K $14.40/SF

− Vacancy

−$3.9K −$0.72/SF

EGI

$74.1K $13.68/SF

− OpEx

−$22.2K −$4.10/SF

NOI

$51.9K $9.58/SF

Area

Lancaster County, PA

Vacancy

5.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,038,040

Cap Rate 7%

$741,457

Cap Rate 9%

$576,689

Alternative Uses

Best Use

Self Storage

$741.5K

$648.8K – $865.0K (±1% cap)

NOI $51,902 @ 7.0% cap · market cap 5.77%

Second Best

Warehouse

$523.6K

$458.2K – $610.9K (±1% cap)

NOI $36,654 @ 7.0% cap · market cap 4.07%

Theoretical Best

Office A

$1.82M

$1.59M – $2.12M (±1% cap)

NOI $127,139 @ 7.0% cap · market cap 14.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

SOWE Storage unit Storage Facility

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Kitchen & Bath Showroom Veterinary Clinic Plumbing Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

2,970

Businesses Nearby

Explore this area Business Placement

Demographics for 17603, PA

66,739

Population

28,142

Households

2.4

Avg Household Size

37

Median Age

37%

College-Educated

90%

High-School Grad

30.0 sq mi

ZIP Area

2,225

Density / Sq Mi

$77,156

Median Household Income

$40,043

Median Earnings

$1,265

Median Rent

$244,500

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this self storage facilities located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Self storage facility - Self storage facility featuring a 5,420 SF building with 56 units, built in 1930 and renovated in 2010.

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: 5,420 SF self storage building; 56 units; 100% occupancy reported