Listing Agency: RE/MAX Real Estate Group East i***@eriepahomes.com Show Phone

Listed By: Karen Puckly · License #RS307603 Show Phone

Source: Exprealty

Added: Jul 28 Changed: Sep 4 Last Checked: Oct 4 at 7:36PM

Report an Issue

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 RE/MAX Real Estate Group East

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 / Yr

$22,446

Cap Rate

8.98%

Suggested Prices Based on Cap Rates

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

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 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

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

COLUMBUS TWP SOCIAL ... City Hall

Suggested Use

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

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

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

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?

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