Building Details

Year Built 1950

Listing Agency: Kingsway Realty - Ephrata l***@kingswayrealty.com Show Phone

Listed By: Keith Snyder · License #RS303415 Show Phone

Source: Cummingsrealtors

Added: Aug 12 Changed: Oct 7 Last Checked: Oct 7 at 12:26PM

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Investment Insights

Based on property information with market context.

This industrial land offering combines five adjoining parcels that will transfer as one property, totaling 12.37 acres in Myerstown Borough and Jackson Township. The level site includes a block-and-frame shop with a drive-through bay, along with a separate 35x45 storage barn. Existing building access includes a 13'H x 16'W overhead door and a second 10.5'H x 14'W door.

The property is served by gas, sewer, and 3-phase electric. The included addresses are 818 S Railroad Street, 822 S Railroad Street, ES S Railroad Street, and ES Walnut Alley. Permitted uses should be confirmed with the applicable zoning authorities.

Key Highlights

• 12.37‑acre industrial property spanning Myerstown Borough and Jackson Township
• Five adjoining parcels to be sold together
• Block‑and‑frame shop with a drive‑through bay

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,137

Cap Rate

7.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,242,740 $1.2M

Cap Rate 7%

$887,671 $887.7K

Cap Rate 9%

$690,411 $690.4K

Market Conditions

NOI Build-Up for 8,770 SF

Gross rent

$77.4K $8.83/SF

− Vacancy

−$4.3K −$0.49/SF

EGI

$73.1K $8.34/SF

− OpEx

−$11.0K −$1.25/SF

NOI

$62.1K $7.09/SF

Area

Lebanon County, PA

Vacancy

5.60%

Lease Rate

$8.83 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,242,740

Cap Rate 7%

$887,671

Cap Rate 9%

$690,411

Alternative Uses

Best Use

Warehouse

$887.7K

$776.7K – $1.04M (±1% cap)

NOI $62,137 @ 7.0% cap · market cap 7.77%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.06M

$1.80M – $2.40M (±1% cap)

NOI $144,095 @ 7.0% cap · market cap 18.01%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Law Firm Building Supply HVAC Service

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

96

Businesses Nearby

Explore this area Business Placement

Demographics for 17067, PA

15,677

Population

6,155

Households

2.5

Avg Household Size

43

Median Age

17%

College-Educated

83%

High-School Grad

47.1 sq mi

ZIP Area

333

Density / Sq Mi

$78,125

Median Household Income

$47,624

Median Earnings

$1,183

Median Rent

$229,500

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

Questions? Ask Rey

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What type of property is this? Where is this industrial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial land - Level industrial land with multiple parcels, shop improvements, storage, and established utility service.

Where is this industrial land located?

The property is located at 818 S RAILROAD STREET Myerstown, PA.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: 12.37‑acre industrial property spanning Myerstown Borough and Jackson Township; Five adjoining parcels to be sold together; Block‑and‑frame shop with a drive‑through bay