Self-Storage Facility with Expansion
For Sale
Contact for pricing
5060 Old Airport Rd, Hazleton, PA 18202
Storage facility near major interstates, with an additional acre available for expansion purchase.
Property Size12,600 SF
Price / SF$95.24
Days on Market55
Property Features for 5060 Old Airport Rd
General Information
Standard status
Active
Size
12,600 SF
Property subtype
Self Storage
Occupancy
25%
Investment Type
Value Add
Net Operating Income
$5,760
Building Details
Year Built
2025
Units
72
Listing Agency:
Marcus & Millichap - Philadelphia
(215) 531-7000
Listed By:
Kevin Bledsoe · License #rs330007
Source:
Crexi
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 10 at 5:28AM
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 Marcus & Millichap - Philadelphia
Investment Insights
Based on property information with market context.
This for-sale property is an operating self-storage business presented by Marcus & Millichap. The asset is sized at 12,600 square feet and includes the opportunity to purchase an additional acre of land for future expansion. The property is designed to serve storage users who need convenient access and reliable space in the local market.
The facility is located at 5060 Old Airport Road in Hazle Twp, Pennsylvania. The site is positioned for accessibility with proximity to Interstate 80 and Interstate 81, two major transportation corridors that support convenient arrival for both local residents and transient users. Penn State Hazle Twp is approximately 1.8 miles away, providing a nearby demand generator tied to students and faculty. The area also includes a larger retired population, which can contribute to ongoing storage needs.
For buyers, this offering combines an established storage operation with an expansion land option, allowing an investor to evaluate future growth based on tenant and market demand. For operators, the access advantages of being near two interstates can help support consistent customer traffic from a broader regional base.
The facility is located at 5060 Old Airport Road in Hazle Twp, Pennsylvania. The site is positioned for accessibility with proximity to Interstate 80 and Interstate 81, two major transportation corridors that support convenient arrival for both local residents and transient users. Penn State Hazle Twp is approximately 1.8 miles away, providing a nearby demand generator tied to students and faculty. The area also includes a larger retired population, which can contribute to ongoing storage needs.
For buyers, this offering combines an established storage operation with an expansion land option, allowing an investor to evaluate future growth based on tenant and market demand. For operators, the access advantages of being near two interstates can help support consistent customer traffic from a broader regional base.
Key Highlights
- Self‑storage business at 5060 Old Airport Road in Hazle Twp, Pennsylvania
- Year built: 2025
- Additional 1 acre of land available for purchase for expansion
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
$89,779
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
7.48%
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%
$1,795,580
$1.8M
Cap Rate 7%
$1,282,557
$1.3M
Cap Rate 9%
$997,544
$997.5K
Market Conditions
NOI Build-Up for 12,600 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
$111.9K $8.88/SF
− Vacancy
−$6.3K −$0.50/SF
EGI
$105.6K $8.38/SF
− OpEx
−$15.8K −$1.26/SF
NOI
$89.8K $7.13/SF
Area
Luzerne County, PA
Vacancy
5.60%
Lease Rate
$8.88 /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%
$1,795,580
Cap Rate 7%
$1,282,557
Cap Rate 9%
$997,544
Alternative Uses
Best Use
Self Storage
$1.80M
$1.57M – $2.09M
NOI $125,685 @ 7.0% cap · market cap 10.47%
Second Best
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,779 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$3.99M
$3.49M – $4.66M
NOI $279,418 @ 7.0% cap · market cap 23.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Explore this area
Business Placement
Demographics for 18202, PA
13,894
Population
6,036
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
88%
High-School Grad
35.0 sq mi
ZIP Area
397
Density / Sq Mi
$55,517
Median Household Income
$35,330
Median Earnings
$1,029
Median Rent
$182,200
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?
Self storage facility - Storage facility near major interstates, with an additional acre available for expansion purchase.
Where is this self storage facility located?
The property is located at 5060 Old Airport Rd Hazleton, PA.
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: Self‑storage business at 5060 Old Airport Road in Hazle Twp, Pennsylvania; Year built: 2025; Additional 1 acre of land available for purchase for expansion
