One-Story Manufacturing
New
For Sale
$1,790,000
457 E NORTH STREET, Carlisle, PA 17013
Heated and cooled manufacturing space with 20-foot ceilings, dock access, and Entranceway Business District zoning.
Property Size25,810 SF
Lot Size2.36 Acres
Price / SF$69.35
Days on Market5
Property Features for 457 E NORTH STREET
General Information
Standard status
Active
Size
25,810 SF
Lot size
2.36 Acres
Property subtype
Commercial
Zoning
Entranceway Business District
Warehouse & Industrial
Clear Height
20 ft
Dock-High Doors
4
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1969
Buildings
1
Stories
1
Building Size
25,810 SF
Listing Agency:
Realty ONE Group Unlimited
(717) 413-2647
Listed By:
Lisa Freund Cooley · License #RS217693L
(717) 413-2647
Source:
Cummingsrealtors
Added: Aug 9
Changed: Aug 13
Last Checked: Aug 13 at 5:12AM
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 Realty ONE Group Unlimited
Investment Insights
Based on property information with market context.
This one-story manufacturing property provides 25,810 square feet of heated and cooled warehouse and production space, along with a basement and mezzanine. The building includes 20-foot ceilings and four dock doors, supporting a range of industrial operations. Constructed in 1969, the facility occupies a 2.36-acre parcel with room for expansion.
The property is located at 457 E North Street in Carlisle, Pennsylvania, within minutes of Interstate 81 and the Pennsylvania Turnpike. Entranceway Business District zoning permits a variety of commercial and industrial uses, providing flexibility for manufacturing, warehouse, and related occupancies.
The property is located at 457 E North Street in Carlisle, Pennsylvania, within minutes of Interstate 81 and the Pennsylvania Turnpike. Entranceway Business District zoning permits a variety of commercial and industrial uses, providing flexibility for manufacturing, warehouse, and related occupancies.
Key Highlights
- 25,810 SF one‑story manufacturing and warehouse building
- 2.36‑acre parcel with room for expansion
- Heated and cooled space with 20' ceilings
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
$145,126
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
8.11%
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%
$2,902,520
$2.9M
Cap Rate 7%
$2,073,229
$2.1M
Cap Rate 9%
$1,612,511
$1.6M
Market Conditions
NOI Build-Up for 25,810 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
$217.3K $8.42/SF
− Vacancy
−$10.0K −$0.39/SF
EGI
$207.3K $8.03/SF
− OpEx
−$62.2K −$2.41/SF
NOI
$145.1K $5.62/SF
Area
Cumberland County, PA
Vacancy
4.60%
Lease Rate
$8.42 /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%
$2,902,520
Cap Rate 7%
$2,073,229
Cap Rate 9%
$1,612,511
Alternative Uses
Best Use
Warehouse
$2.52M
$2.20M – $2.94M
NOI $176,225 @ 7.0% cap · market cap 9.84%
Second Best
Industrial
$2.07M
$1.81M – $2.42M
NOI $145,126 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$6.00M
$5.25M – $6.99M
NOI $419,683 @ 7.0% cap · market cap 23.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
4
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,486
Businesses Nearby
Explore this area
Business Placement
Demographics for 17013, PA
36,578
Population
16,065
Households
2.3
Avg Household Size
39
Median Age
34%
College-Educated
93%
High-School Grad
39.2 sq mi
ZIP Area
933
Density / Sq Mi
$68,150
Median Household Income
$36,336
Median Earnings
$1,018
Median Rent
$221,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Heated and cooled manufacturing space with 20-foot ceilings, dock access, and Entranceway Business District zoning.
Where is this manufacturing property located?
The property is located at 457 E NORTH STREET Carlisle, PA.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: 25,810 SF one‑story manufacturing and warehouse building; 2.36‑acre parcel with room for expansion; Heated and cooled space with 20' ceilings
