Industrial Flex
For Sale
$1,800,000
334 W Main St, Somerset, PA 15501
Industrial flex warehouse property offered for sale at 334 W Main St in Somerset, PA.
Property Size23,288 SF
Days on Market82
Property Features for 334 W Main St
General Information
Standard status
Active
Size
23,288 SF
Property subtype
Office
Building Details
Building Size
23,288 SF
Year Built
2005
Listed By:
Jaidyn Smith
(248) 324-2000
Source:
Friedmanrealestate
Added: Jun 22
Changed: Sep 10
Last Checked: Sep 11 at 6:18AM
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 Jaidyn Smith
Investment Insights
Based on property information with market context.
This for-sale industrial flex warehouse is located at 334 W Main St in Somerset, Pennsylvania. The property is marketed under flex space and warehouse categories, offering a versatile setup for industrial or light warehouse operations.
The offering is listed as a commercial real estate investment opportunity, with a total property size of 23,288 square feet provided in the listing information. Additional specifics regarding interior layout, improvements, loading, and utilities were not included in the available details.
The offering is listed as a commercial real estate investment opportunity, with a total property size of 23,288 square feet provided in the listing information. Additional specifics regarding interior layout, improvements, loading, and utilities were not included in the available details.
Key Highlights
- Industrial flex warehouse for sale at 334 W Main St, Somerset, PA 15501
- Built in 2005
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
$135,882
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
7.55%
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%
$2,717,640
$2.7M
Cap Rate 7%
$1,941,171
$1.9M
Cap Rate 9%
$1,509,800
$1.5M
Market Conditions
NOI Build-Up for 23,288 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
$205.6K $8.83/SF
− Vacancy
−$11.5K −$0.49/SF
EGI
$194.1K $8.34/SF
− OpEx
−$58.2K −$2.50/SF
NOI
$135.9K $5.83/SF
Area
Somerset County, PA
Vacancy
5.60%
Lease Rate
$8.83 /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%
$2,717,640
Cap Rate 7%
$1,941,171
Cap Rate 9%
$1,509,800
Alternative Uses
Best Use
Industrial
$1.94M
$1.70M – $2.26M
NOI $135,882 @ 7.0% cap · market cap 7.55%
Second Best
Flex RnD
$1.79M
$1.56M – $2.09M
NOI $125,176 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$7.38M
$6.46M – $8.61M
NOI $516,435 @ 7.0% cap · market cap 28.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15501, PA
16,277
Population
7,656
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
89%
High-School Grad
132.0 sq mi
ZIP Area
123
Density / Sq Mi
$55,797
Median Household Income
$35,311
Median Earnings
$731
Median Rent
$162,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex warehouse property offered for sale at 334 W Main St in Somerset, PA.
Where is this flex space located?
The property is located at 334 W Main St Somerset, PA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Industrial flex warehouse for sale at 334 W Main St, Somerset, PA 15501; Built in 2005
