Flex Space With Fenced
New
For Sale
$359,000
5719 Route 6N, Edinboro, PA 16412
An open interior and fenced outdoor area support a range of operational layouts.
Property Size3,120 SF
Days on Market3
Property Features for 5719 Route 6N
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
Wide open floor plan
Building Details
Building Size
3,120 SF
Year Built
1985
Listing Agency:
Coldwell Banker Commercial Select, REALTORS Erie
Listed By:
Bill Bucceri · License #AB065910
(814) 882-6781
Source:
Cbcworldwide
Added: Sep 24
Last Checked: Sep 26 at 3:35AM
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 Coldwell Banker Commercial Select, REALTORS Erie
Investment Insights
Based on property information with market context.
This 1985 flex property in Edinboro, Pennsylvania, has a largely open interior and a fenced yard. The combination accommodates a variety of industrial configurations, including machine shop, truck repair, distribution, and towing or impound uses.
The property is approximately one mile from I-79 and is located on Route 6N.
The property is approximately one mile from I-79 and is located on Route 6N.
Key Highlights
- Fenced yard area
- Approximately 1 mile from I‑79
- Built in 1985
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
$23,431
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
6.53%
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%
$468,620
$468.6K
Cap Rate 7%
$334,729
$334.7K
Cap Rate 9%
$260,344
$260.3K
Market Conditions
NOI Build-Up for 3,120 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
$29.6K $9.48/SF
− Vacancy
−$2.0K −$0.64/SF
EGI
$27.6K $8.84/SF
− OpEx
−$4.1K −$1.33/SF
NOI
$23.4K $7.51/SF
Area
Erie County, PA
Vacancy
6.80%
Lease Rate
$9.48 /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%
$468,620
Cap Rate 7%
$334,729
Cap Rate 9%
$260,344
Alternative Uses
Best Use
Retail
$502.6K
$439.8K – $586.4K
NOI $35,184 @ 7.0% cap · market cap 9.80%
Second Best
Warehouse
$334.7K
$292.9K – $390.5K
NOI $23,431 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$774.0K
$677.3K – $903.1K
NOI $54,183 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16412, PA
9,292
Population
4,806
Households
1.9
Avg Household Size
40
Median Age
50%
College-Educated
97%
High-School Grad
80.7 sq mi
ZIP Area
115
Density / Sq Mi
$67,659
Median Household Income
$34,061
Median Earnings
$883
Median Rent
$221,900
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?
Flex space - An open interior and fenced outdoor area support a range of operational layouts.
Where is this flex space located?
The property is located at 5719 Route 6N Edinboro, PA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Fenced yard area; Approximately 1 mile from I‑79; Built in 1985
