Industrial Facility with Refrigerated
For Sale
$1,200,000
3600 Commerce Parkway, Lancaster, NY 14086
Built in 2018 with a clear-span warehouse, dock doors, and dedicated refrigerated cooler space plus finished office area.
Property Size9,240 SF
Price / SF$129.87
Days on Market60
Property Features for 3600 Commerce Parkway
General Information
Standard status
Active
Size
9,240 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
13 ft
Dock-High Doors
6
Heavy Power
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,925
Building Details
Building Size
9,240 SF
Year Built
2018
Listing Agency:
Hanna Commercial
Listed By:
Richard Wadsworth · License #10401370901
(716) 239-5764
Source:
Highfallssir
Added: Jul 10
Changed: Sep 2
Last Checked: Sep 7 at 9:07AM
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 Hanna Commercial
Investment Insights
Based on property information with market context.
This 9,240 SF industrial facility was built in 2018 and offers a clear-span warehouse layout designed for operational flexibility. The property includes 13-foot clear ceiling height, 4,000 SF of refrigerated/cooler space, and 500 SF of finished office space. Shipping and receiving is supported by six trailer-height dock doors, with three dock doors accommodating box trucks. Electrical service includes 480V power and a 300-amp electrical panel, with modern construction throughout.
The facility is located in Lancaster Industrial Park, with access to major highways and regional transportation routes.
On-site expansion potential is noted, supporting long-term growth for logistics, warehousing, manufacturing, or cold-storage and food distribution uses.
The facility is located in Lancaster Industrial Park, with access to major highways and regional transportation routes.
On-site expansion potential is noted, supporting long-term growth for logistics, warehousing, manufacturing, or cold-storage and food distribution uses.
Key Highlights
- 9,240 SF industrial facility built in 2018 in the Lancaster Industrial Park
- Clear‑span building with 13‑ft clear ceiling height for flexible warehouse operations
- 4,000 SF refrigerated/cooler space plus efficient warehouse layout
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
$49,243
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
4.10%
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%
$984,860
$984.9K
Cap Rate 7%
$703,471
$703.5K
Cap Rate 9%
$547,144
$547.1K
Market Conditions
NOI Build-Up for 9,240 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
$62.1K $6.72/SF
− Vacancy
−$4.2K −$0.45/SF
EGI
$57.9K $6.27/SF
− OpEx
−$8.7K −$0.94/SF
NOI
$49.2K $5.33/SF
Area
Erie County, NY
Vacancy
6.70%
Lease Rate
$6.72 /SF/Yr
Expense Ratio
15.00%
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%
$984,860
Cap Rate 7%
$703,471
Cap Rate 9%
$547,144
Alternative Uses
Best Use
Warehouse
$703.5K
$615.5K – $820.7K
NOI $49,243 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,394 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13 ft
Clear height
6
Dock-high doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Explore this area
Business Placement
Demographics for 14086, NY
35,010
Population
15,486
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
95%
High-School Grad
33.3 sq mi
ZIP Area
1,051
Density / Sq Mi
$95,949
Median Household Income
$53,164
Median Earnings
$983
Median Rent
$263,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Built in 2018 with a clear-span warehouse, dock doors, and dedicated refrigerated cooler space plus finished office area.
Where is this refrigerated & cold storage located?
The property is located at 3600 Commerce Parkway Lancaster, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 9,240 SF industrial facility built in 2018 in the Lancaster Industrial Park; Clear‑span building with 13‑ft clear ceiling height for flexible warehouse operations; 4,000 SF refrigerated/cooler space plus efficient warehouse layout
