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 Market129
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: Oct 26
Last Checked: Oct 26 at 2:02PM
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
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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 / Yr
$135,882
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Market
Vacancy Rate% for Industrial in Northeast region
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
