Listing Agency: SBRE - Sherry Bauer Real Estate Services i***@sherrybauerrealestate.com Show Phone

Listed By: Sherry Bauer · License #RM422666 Show Phone

Source: Exprealty

Added: Dec 16, 2025 Changed: Oct 13 Last Checked: Oct 16 at 12:54PM

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Investment Insights

Based on property information with market context.

This commercial package features two buildings totaling approximately 10,620 square feet, situated on two parcels spanning approximately 1.95 acres. The property is located along I-79 at exit 174 (Mckean), offering excellent visibility with an average daily traffic of 20,000 (PennDOT 2025). Building 1, constructed in 1985, is a 6,300 square foot warehouse. It includes a 4,900 square foot heated warehouse area with ceiling heights ranging from 14 to 18 feet, and four automatic overhead doors, two measuring 14 feet wide by 15 feet high and two measuring 14 feet wide by 14 feet high. The heated floors and 100 AMP, 120/240V, 3-phase electrical service enhance the warehouse functionality. Additionally, there is a 1,400 square foot climate-controlled office area with five private offices. Building 2, built in 1994, is a 4,320 square foot unheated pole building with 15 foot 8 inch ceilings. It features two overhead doors, one measuring 22 feet wide by 14 feet 6 inches high and the other measuring 20 feet wide by 15 feet high, along with 100 AMP, 120/240V, single-phase electrical service. The property is zoned I-1, Industrial, with B-1, Highway/Plaza Commercial, uses permitted, making it suitable for various purposes such as warehouse, light manufacturing, auto sales/service, retail, service station, restaurant, office, church, and self-storage. The property is leased through April 30, 2026. There is potential for hi-rise occupant signage on I-79. Public utilities are available.

Key Highlights

• Excellent I‑79 visibility and access at Exit 174 with 20,000 average daily traffic and potential for hi‑rise signage.
• Two buildings totaling 10,620± SF on 1.95± acres, offering versatile space.
• Zoned I‑1 Industrial with permitted B‑1 Highway/Plaza Commercial uses, allowing for a wide range of business operations.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$79,757

Cap Rate

8.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,595,140 $1.6M

Cap Rate 7%

$1,139,386 $1.1M

Cap Rate 9%

$886,189 $886.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,620 SF

Gross rent

$100.7K $9.48/SF

− Vacancy

−$6.8K −$0.64/SF

EGI

$93.8K $8.84/SF

− OpEx

−$14.1K −$1.33/SF

NOI

$79.8K $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 Rate 5%

$1,595,140

Cap Rate 7%

$1,139,386

Cap Rate 9%

$886,189

Alternative Uses

Best Use

Warehouse

$1.14M

$997.0K – $1.33M (±1% cap)

NOI $79,757 @ 7.0% cap · market cap 8.02%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.63M

$2.31M – $3.07M (±1% cap)

NOI $184,431 @ 7.0% cap · market cap 18.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Big Box & Wholesale Store Auto Repair Shop Grocery & Convenience Store Restaurant Law Firm Nail Salon

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

30

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 16426, PA

3,785

Population

1,476

Households

2.6

Avg Household Size

45

Median Age

23%

College-Educated

95%

High-School Grad

28.7 sq mi

ZIP Area

132

Density / Sq Mi

$79,554

Median Household Income

$41,328

Median Earnings

$975

Median Rent

$219,300

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

Frequently Asked Questions

What type of property is this?

Warehouse - Two-building commercial package for sale with highway visibility.

Where is this warehouse located?

The property is located at 5850 West Rd Mckean, PA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: Excellent I‑79 visibility and access at Exit 174 with 20,000 average daily traffic and potential for hi‑rise signage.; Two buildings totaling 10,620± SF on 1.95± acres, offering versatile space.; Zoned I‑1 Industrial with permitted B‑1 Highway/Plaza Commercial uses, allowing for a wide range of business operations.