Self Storage Facility with Expansion
For Sale
$279,000
58 CHURCH STREET, Mercersburg, PA 17236
Fully rented storage facility with multiple access points and additional land surrounding the existing units.
Property Size2,712 SF
Price / SF$102.88
Days on Market12
Property Features for 58 CHURCH STREET
General Information
Standard status
Active
Size
2,712 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Self-Storage Units
11
Building Details
Year Built
1972
Listing Agency:
RE/MAX Realty Agency, Inc.
(717) 830-7573
Listed By:
Jenny S Stoner · License #RS324444
(717) 830-7573
Source:
Cummingsrealtors
Added: Aug 11
Changed: Aug 21
Last Checked: Aug 21 at 8:39AM
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 Realty Agency, Inc.
Investment Insights
Based on property information with market context.
This self storage facility at 58 Church Street includes 11 storage units in two configurations: eight units measuring 12' x 22' and three units measuring 6' x 9'. All units are currently rented. The roof was replaced in 2013 with an Everlast II Omni Series system, and the property was built in 1972.
Unused land extends behind and along both sides of the existing storage units. The site has two access points and offers room for additional storage units, portable storage units, or other development, subject to applicable approvals. The property is located in Mercersburg, Pennsylvania, with a 17236 ZIP code.
Unused land extends behind and along both sides of the existing storage units. The site has two access points and offers room for additional storage units, portable storage units, or other development, subject to applicable approvals. The property is located in Mercersburg, Pennsylvania, with a 17236 ZIP code.
Key Highlights
- 11 storage units: eight measuring 12' x 22' and three measuring 6' x 9'
- All storage units are currently fully rented
- Roof replaced in 2013 with an Everlast II Omni Series
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
$23,681
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
8.49%
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%
$473,620
$473.6K
Cap Rate 7%
$338,300
$338.3K
Cap Rate 9%
$263,122
$263.1K
Market Conditions
NOI Build-Up for 2,712 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
$35.8K $13.20/SF
− Vacancy
−$2.0K −$0.73/SF
EGI
$33.8K $12.47/SF
− OpEx
−$10.1K −$3.74/SF
NOI
$23.7K $8.73/SF
Area
Franklin County, PA
Vacancy
5.50%
Lease Rate
$13.20 /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%
$473,620
Cap Rate 7%
$338,300
Cap Rate 9%
$263,122
Alternative Uses
Best Use
Self Storage
$338.3K
$296.0K – $394.7K
NOI $23,681 @ 7.0% cap · market cap 8.49%
Second Best
Warehouse
$274.5K
$240.2K – $320.3K
NOI $19,215 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$657.6K
$575.4K – $767.2K
NOI $46,030 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 17236, PA
8,620
Population
3,741
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
89%
High-School Grad
125.7 sq mi
ZIP Area
69
Density / Sq Mi
$81,074
Median Household Income
$42,283
Median Earnings
$986
Median Rent
$250,100
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 - Fully rented storage facility with multiple access points and additional land surrounding the existing units.
Where is this self storage facility located?
The property is located at 58 CHURCH STREET Mercersburg, PA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 11 storage units: eight measuring 12' x 22' and three measuring 6' x 9'; All storage units are currently fully rented; Roof replaced in 2013 with an Everlast II Omni Series
