Listing Agency: RE/MAX Real Estate Group East k***@remax.net Show Phone

Listed By: Karen Puckly · License #RS307603 Show Phone

Source: Exprealty

Added: Jul 28 Changed: Aug 20 Last Checked: Aug 21 at 12:07PM

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Investment Insights

Based on property information with market context.

This 3,168-square-foot flex property combines office and operational areas within a 4.25-acre site. The building includes multiple offices and meeting rooms, along with a heated storage or production area served by a large overhead door. Three-phase electric is available for light manufacturing, fabrication, equipment, inventory, or shipping-related activities.

Located at 4 E Main Street in Columbus, PA, the property includes additional land that can accommodate parking or outdoor storage. The sale also includes Parcel CY-371-462700-000.

Key Highlights

• 3,168 SF flex building on 4.25 acres
• Multiple office and meeting rooms
• Heated storage or production area

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

$22,446

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

8.98%

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%

$448,920 $448.9K

Cap Rate 7%

$320,657 $320.7K

Cap Rate 9%

$249,400 $249.4K

Market Conditions

NOI Build-Up for 3,168 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

$28.0K $8.83/SF

− Vacancy

−$1.6K −$0.49/SF

EGI

$26.4K $8.34/SF

− OpEx

−$4.0K −$1.25/SF

NOI

$22.4K $7.09/SF

Area

Warren County, PA

Vacancy

5.60%

Lease Rate

$8.83 /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%

$448,920

Cap Rate 7%

$320,657

Cap Rate 9%

$249,400

Alternative Uses

Best Use

Warehouse

$320.7K

$280.6K – $374.1K (±1% cap)

NOI $22,446 @ 7.0% cap · market cap 8.98%

Second Best

Flex RnD

$316.6K

$277.0K – $369.3K (±1% cap)

NOI $22,160 @ 7.0% cap · market cap 8.86%

Theoretical Best

Office A

$699.7K

$612.2K – $816.3K (±1% cap)

NOI $48,977 @ 7.0% cap · market cap 19.59%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

COLUMBUS TWP SOCIAL ... City Hall

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Furniture & Home Goods Auto Repair Shop Butcher Restaurant

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

Location Intelligence

Trade Area within ½ mile

33

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 16405, PA

646

Population

256

Households

2.5

Avg Household Size

52

Median Age

9%

College-Educated

95%

High-School Grad

18.8 sq mi

ZIP Area

34

Density / Sq Mi

$55,938

Median Household Income

$40,625

Median Earnings

$109,900

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

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What type of property is this? Where is this flex space 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?

Flex space - Office rooms, heated work space, overhead-door access, and 3-phase electric support varied commercial operations.

Where is this flex space located?

The property is located at 4 E Main Street Columbus, PA.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: 3,168 SF flex building on 4.25 acres; Multiple office and meeting rooms; Heated storage or production area