Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    115 Main St Salunga-Landisville, PA 17538

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    18,000 SF Industrial Building, 5 Suites

    Lot size:
    18,000 SF

    Property Features for 115 Main St

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,000 SF
    Total Rate
    10425

    Building Details

    Year Built/Renovated
    1027/2000
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 115 Main St, Salunga-Landisville, PA 17538 Contact us
    Unit Available Space 1

    $13 /Mo

    Size
    10,000 SF
    Contact us
    Unit First Floor Office

    $15 /Mo

    Size
    3,600 SF
    Contact us
    Unit Warehouse/Garage Only

    $12 /Mo

    Size
    6,300 SF
    Contact us
    Unit Basement Warehousing

    $6 /Mo

    Size
    3,000 SF
    Contact us
    Unit 2nd Floor Office

    $15 /Mo

    Size
    10,000 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Joshua Miller
    Joshua Miller

    Listing Agency: Bennett Williams Realty, Inc. Listing Agent: Joshua Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 18,000-square-foot industrial building in Salunga-Landisville, PA, offers a unique opportunity for businesses seeking flexible space. Located at 115 W Main St, 17538, this property boasts excellent street visibility and comprises a diverse layout suitable for various needs. The building, constructed in 1927 and renovated in 2000, features approximately 6,300 square feet of ground-floor garage/warehouse space, 3,600 square feet of first-floor office space, and 10,000 square feet of second-floor office space. Additionally, a 3,000-square-foot basement warehouse area with a drive-in door is available. The property is divisible into minimum 3,600-square-foot units, allowing for customized leasing arrangements to accommodate businesses of varying sizes. Four drive-in doors provide convenient access. While auto repair is prohibited, other automotive-related uses (custom car builds, detailing, wraps, etc.) will be considered, along with all other non-automotive uses. Pricing varies by space and configuration, ranging from $6.95/SF NNN for basement warehousing to $15.95/SF NNN for first-floor office space. The building is comprised of one structure across two stories, with five total suites available. Contact us today to discuss your specific needs and explore leasing options for this prime Salunga location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    R H Cooper ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salunga-Landisville
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.4274321
    Latitude
    40.1020639

    Nearby Similar for Lease

    • $67 SF/Yr
      1 SF

      53 Brandt Blvd

      Office Units • 1 SF
      53 Brandt Blvd, Salunga-Landisville, PA 17538
      View Details

    FAQs

    What type of property is this?
    Distribution center - 18,000 SF Industrial Building, 5 Suites
    Where is this distribution center located?
    The property is located at 115 Main St Salunga-Landisville, PA.
    What is the lease rate?
    The lease rate is $6-$15 SF/Yr.
    What are key features of this property?
    This property features: 18,000-square-foot industrial building in Salunga-Landisville, PA, at 115 W Main St, 17538.; Excellent street visibility and flexible layout suitable for various uses.; Features 6,300 SF ground-floor garage/warehouse, 3,600 SF first-floor office, and 10,000 SF second-floor office space, plus a 3,000 SF basement warehouse with drive-in door.
    (717) 383-6647 Call to check price and availability
    Request Owner's contact information
    115 Main St Salunga-Landisville, PA 17538
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 Main St
    Salunga-Landisville, PA 17538
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 Main St Salunga-Landisville, PA 17538
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joshua Miller
    Joshua Miller
    Real Estate License ID: RS365967
    (717) 383-6647 (717) 843-5555 (717) 500-1210
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!