Insulated Manufacturing
For Sale
$874,900
6241 STERRETTANIA Road, Fairview, PA 16415
CommercialSale, Fairview, PA
Property Size6,000 SF
Lot Size5.81 Acres
Price / SF$145.82
Days on Market10
Property Features for 6241 STERRETTANIA Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I
Lot features
Mineral Rights
Elementary school district
General McLane
Middle school district
General McLane
High school district
General McLane
Directions
I-90 to Exit 18, North to property.
Subdivision
11 - Edin/Frkln Twp/Mckean Twp & Boro/Wash Twp
Standard status
Active
APN
31-001-002.0-003.02
Size
6,000 SF
Lot size
5.81 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1503
Expense value
25000
Expense
SecurityDeposit
Expense freq.
One Time
Building Details
Year built
1986
Building materials
MetalSiding
Listing Agency:
RE/MAX Real Estate Group East · RE/MAX International
(814) 898-3558
Listed By:
Seth Tuttle Sr · License #RS113155A
(814) 392-9476
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 27 at 10:06AM
MLS# 192735
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This manufacturing property combines a recently cleared site with a 6,000-square-foot steel building constructed in 1986. The structure measures 60 feet by 100 feet with a 24-foot height, includes insulation, and has newly installed overhead doors. The building was previously used for industrial fabrication.
The 5.806-acre property is positioned at Exit 18 near Route 832 and Sterrettania Road in Fairview, Pennsylvania. Public sewer is located next door, and the site offers a cleared setting with topography suited to expansion.
The 5.806-acre property is positioned at Exit 18 near Route 832 and Sterrettania Road in Fairview, Pennsylvania. Public sewer is located next door, and the site offers a cleared setting with topography suited to expansion.
Key Highlights
- 5.806‑acre industrial property in Fairview, PA
- 6,000‑square‑foot steel building constructed in 1986
- Building measures 60 feet by 100 feet with a 24‑foot height
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
$37,109
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
4.24%
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%
$742,180
$742.2K
Cap Rate 7%
$530,129
$530.1K
Cap Rate 9%
$412,322
$412.3K
Market Conditions
NOI Build-Up for 6,000 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
$56.9K $9.48/SF
− Vacancy
−$3.9K −$0.64/SF
EGI
$53.0K $8.84/SF
− OpEx
−$15.9K −$2.65/SF
NOI
$37.1K $6.18/SF
Area
Erie County, PA
Vacancy
6.80%
Lease Rate
$9.48 /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%
$742,180
Cap Rate 7%
$530,129
Cap Rate 9%
$412,322
Alternative Uses
Best Use
Industrial
$530.1K
$463.9K – $618.5K
NOI $37,109 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,198 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 16415, PA
9,898
Population
3,958
Households
2.5
Avg Household Size
44
Median Age
46%
College-Educated
98%
High-School Grad
23.3 sq mi
ZIP Area
425
Density / Sq Mi
$105,604
Median Household Income
$51,650
Median Earnings
$1,229
Median Rent
$286,300
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 - Cleared industrial acreage includes an insulated steel building with recently installed overhead doors.
Where is this manufacturing property located?
The property is located at 6241 STERRETTANIA Road Fairview, PA.
What is the asking price?
The asking price for this property is $874,900.
What are key features of this property?
This property features: 5.806‑acre industrial property in Fairview, PA; 6,000‑square‑foot steel building constructed in 1986; Building measures 60 feet by 100 feet with a 24‑foot height
