Flex Building with Garage
For Sale
$200,000
830 Barnesville Dr, Barnesville, PA 18214
Former firehouse offering office, work, parking, and equipment-storage functionality.
Property Size1,500 SF
Price / SF$133.33
Days on Market11
Property Features for 830 Barnesville Dr
General Information
Standard status
Active
Size
1,500 SF
Additional Details
Drive-In Doors
1
Building Details
Year Built
1949
Buildings
1
Listing Agency:
Century 21 Ryon Real Estate
(570) 628-4500
Listed By:
Richard Finnefrock · License #RM426143
Source:
Kandorre
Added: Aug 13
Changed: Aug 21
Last Checked: Aug 23 at 7:54AM
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 Century 21 Ryon Real Estate
Investment Insights
Based on property information with market context.
This flex building, originally constructed in 1949, combines a 74 X 20 garage bay with a large overhead door, two modern office rooms, and an expansive work area. The building has been well maintained and includes a generator for continued operation during power interruptions.
Parking is available at both the front and rear of the property. The existing mix of enclosed vehicle or equipment space, offices, and open work space supports a range of commercial activities without requiring major reconfiguration.
Parking is available at both the front and rear of the property. The existing mix of enclosed vehicle or equipment space, offices, and open work space supports a range of commercial activities without requiring major reconfiguration.
Key Highlights
- 74 X 20 garage bay with large overhead door
- Two modern office spaces within the building
- Large work area for flexible commercial use
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
$12,191
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
6.10%
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%
$243,820
$243.8K
Cap Rate 7%
$174,157
$174.2K
Cap Rate 9%
$135,456
$135.5K
Market Conditions
NOI Build-Up for 1,500 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
$18.9K $12.60/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$16.3K $10.84/SF
− OpEx
−$4.1K −$2.71/SF
NOI
$12.2K $8.13/SF
Area
Schuylkill County, PA
Vacancy
14.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
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%
$243,820
Cap Rate 7%
$174,157
Cap Rate 9%
$135,456
Alternative Uses
Best Use
Office B
$174.2K
$152.4K – $203.2K
NOI $12,191 @ 7.0% cap · market cap 6.10%
Second Best
Flex RnD
$149.9K
$131.2K – $174.9K
NOI $10,493 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$225.0K
$196.9K – $262.5K
NOI $15,750 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 18214, PA
2,097
Population
1,084
Households
1.9
Avg Household Size
52
Median Age
27%
College-Educated
93%
High-School Grad
30.3 sq mi
ZIP Area
69
Density / Sq Mi
$78,214
Median Household Income
$45,221
Median Earnings
$757
Median Rent
$205,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Former firehouse offering office, work, parking, and equipment-storage functionality.
Where is this flex space located?
The property is located at 830 Barnesville Dr Barnesville, PA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 74 X 20 garage bay with large overhead door; Two modern office spaces within the building; Large work area for flexible commercial use
