Industrial Land With Shop
For Sale
$800,000
818 S RAILROAD STREET, Myerstown, PA 17067
Level industrial land with multiple parcels, shop improvements, storage, and established utility service.
Property Size8,770 SF
Price / SF$91.22
Days on Market19
Property Features for 818 S RAILROAD STREET
General Information
Standard status
Active
Size
8,770 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
Kingsway Realty - Ephrata
(717) 376-4029
Listed By:
Keith Snyder · License #RS303415
(717) 376-4029
Source:
Cummingsrealtors
Added: Aug 4
Changed: Aug 22
Last Checked: Aug 22 at 3:38AM
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 Kingsway Realty - Ephrata
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.
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 = 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
$62,137
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
7.77%
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%
$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
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
$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 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%
$1,242,740
Cap Rate 7%
$887,671
Cap Rate 9%
$690,411
Alternative Uses
Best Use
Warehouse
$887.7K
$776.7K – $1.04M
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
NOI $144,095 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
