Manufacturing Facility Near Kellanova
For Sale
Contact for pricing
76 Odell Rd, Muncy, PA 17756
Strategically located near Kellanova, close to Lycoming Mall redevelopment.
Property Size50,000 SF
Price / SF$120
Days on Market163
Property Features for 76 Odell Rd
General Information
Standard status
Active
Size
50,000 SF
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$405,218
Building Details
Year Built
2006
Year Renovated
2025
Units
1
Tenancy
Single
Listing Agency:
Graystone Capital Advisors
(949) 942-1300
Listed By:
Steve Garthwaite · License #RS332182
Source:
Crexi
Added: Mar 9
Changed: Aug 15
Last Checked: Aug 13 at 3:26PM
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 Graystone Capital Advisors
Investment Insights
Based on property information with market context.
The property is strategically located just 5 minutes from Kellanova's 259,000 sq ft mission-critical manufacturing facility in Muncy, PA. Situated less than a mile from the Lycoming Mall redevelopment, the location offers proximity to established tenants such as Patton Warehouse, a major 3PL, Target, and Bass Pro (under development). The surrounding Euro Optic Industrial Park is home to prominent national tenants, including the United States Postal Service, FedEx Freight, and Frito-Lay. The Williamsport market offers a total of 19 million square feet of industrial space, with a declining vacancy rate of 2.8% over the trailing 12 months. The property is suitable for manufacturing and industrial purposes.
Key Highlights
- Strategic location: just 5 minutes from Kellanova's 259,000 sq ft manufacturing facility.
- Significant investment in the area: Acquisition by Mars, Incorporated for $35.9 billion.
- Proximity to Lycoming Mall redevelopment.
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
$291,743
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
4.86%
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%
$5,834,860
$5.8M
Cap Rate 7%
$4,167,757
$4.2M
Cap Rate 9%
$3,241,589
$3.2M
Market Conditions
NOI Build-Up for 50,000 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
$441.5K $8.83/SF
− Vacancy
−$24.7K −$0.49/SF
EGI
$416.8K $8.34/SF
− OpEx
−$125.0K −$2.50/SF
NOI
$291.7K $5.83/SF
Area
Lycoming County, PA
Vacancy
5.60%
Lease Rate
$8.83 /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%
$5,834,860
Cap Rate 7%
$4,167,757
Cap Rate 9%
$3,241,589
Alternative Uses
Best Use
Industrial
$4.17M
$3.65M – $4.86M
NOI $291,743 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.78M
$9.43M – $12.57M
NOI $754,272 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
Business Placement
Demographics for 17756, PA
12,458
Population
4,574
Households
2.7
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
107.7 sq mi
ZIP Area
116
Density / Sq Mi
$78,906
Median Household Income
$37,523
Median Earnings
$934
Median Rent
$214,600
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?
Manufacturing property - Strategically located near Kellanova, close to Lycoming Mall redevelopment.
Where is this manufacturing property located?
The property is located at 76 Odell Rd Muncy, PA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Strategic location: just 5 minutes from Kellanova's 259,000 sq ft manufacturing facility.; Significant investment in the area: Acquisition by Mars, Incorporated for $35.9 billion.; Proximity to Lycoming Mall redevelopment.
