Cement Block Warehouse
7018 E State St Hermitage, PA 16148
For Sale
$750,000
A 7,000 SF cement block warehouse on 13.97 acres with new overhead doors, lighting, and a 400-amp three-phase service.
Property Size7,000 SF
Lot Size13.97 Acres
Price / SF$107.14
Days on Market333
Property Features for 7018 E State St
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 13.97 Acres
Listing Agency:
BERKSHIRE HATHAWAY THE PREFERRED REALTY
(724) 981-2231
Listed By:
Mark Black
(724) 981-2231
Source:
Exprealty
Added: Aug 26, 2025
Changed: Jul 23
Last Checked: Jul 23 at 11:39AM
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 BERKSHIRE HATHAWAY THE PREFERRED REALTY
Investment Insights
Based on property information with market context.
The property is a 7,000 square foot cement block warehouse building on 13.97 acres. Improvements include new overhead doors (one 10' x 12' and three 12' x 14'), new lighting, and a new 400-amp, three-phase electrical service.
The warehouse is located on SR-62 between Hermitage and Mercer, with access to I-80 and I-79. Utilities include electric and natural gas, and public water and sewer are available at the road.
A lease option is described in the remarks as $6,000 per month on an NNN basis plus utilities.
The warehouse is located on SR-62 between Hermitage and Mercer, with access to I-80 and I-79. Utilities include electric and natural gas, and public water and sewer are available at the road.
A lease option is described in the remarks as $6,000 per month on an NNN basis plus utilities.
Key Highlights
- 7,000 SF cement block warehouse on 13.97 acres off SR‑62 between Hermitage and Mercer
- New overhead doors: 1 (10' x 12') and 3 (12' x 14')
- New 400‑amp 3‑phase electrical service with new lighting
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.3k | $8.76 |
| − Vacancy | −$2.9k | −$0.41 |
| EGI | $58.4k | $8.35 |
| − OpEx | −$8.8k | −$1.25 |
| NOI | $49.7k | $7.10 |
7,000 SF · lease $8.76/SF/yr · vacancy 4.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$709.6K
$620.9K – $827.9K
NOI $49,672 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,677 @ 7.0% cap · market cap 23.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Specialty Nameplate & Manufacturing, ...
Metal Fabrication Plant
Similar Off Market Nearby
- Top Shelf Storage — 6978 E State St, Hermitage, PA 16148
FAQs
What type of property is this?
Warehouse - A 7,000 SF cement block warehouse on 13.97 acres with new overhead doors, lighting, and a 400-amp three-phase service.
Where is this warehouse located?
The property is located at 7018 E State St Hermitage, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 7,000 SF cement block warehouse on 13.97 acres off SR‑62 between Hermitage and Mercer; New overhead doors: 1 (10' x 12') and 3 (12' x 14'); New 400‑amp 3‑phase electrical service with new lighting
