Fully Leased Industrial
For Sale
Contact for pricing
905 Sampson St, New Castle, PA 16101
6,800 SF industrial property with stable income in New Castle.
Property Size6,800 SF
Lot Size2.86 Acres
Price / SF$102.94
Days on Market174
Property Features for 905 Sampson St
General Information
Standard status
Active
Size
6,800 SF
Class
C
Lot size
2.86 Acres
Property subtype
Industrial
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Built
1960
Listing Agency:
IronHorn Enterprises
Listed By:
Ryan Jenkins · License #0225268974
Source:
Crexi
Added: Feb 20
Changed: Aug 8
Last Checked: Aug 12 at 12:24PM
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 IronHorn Enterprises
Investment Insights
Based on property information with market context.
Located at 905 Sampson Street in New Castle, this fully leased 6,800 SF industrial property sits on two parcels totaling 2.86 acres. The property offers stable in-place income, making it a long-term investment opportunity. The building features 14’ clear heights and two drive-in doors. Approximately 32% of the building is office space, supporting functional operations for a light industrial or service user. The expansive site provides future optionality for parking, outdoor storage, or expansion, enhancing residual value. Positioned just minutes from Downtown New Castle with direct access to Route 18, Route 422, and I-376, the property benefits from strong connectivity to the greater Pittsburgh metro and key Western Pennsylvania industrial corridors. This connectivity makes it a compelling income-producing investment with flexibility for future value creation.
Key Highlights
- Fully leased 6,800 SF industrial property providing stable in‑place income.
- Located on 2.86 acres, offering potential for parking, outdoor storage, or expansion.
- Excellent location with direct access to Route 18, Route 422, and I‑376, near Downtown New Castle.
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
$47,566
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
6.80%
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%
$951,320
$951.3K
Cap Rate 7%
$679,514
$679.5K
Cap Rate 9%
$528,511
$528.5K
Market Conditions
NOI Build-Up for 6,800 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
$77.5K $11.40/SF
− Vacancy
−$4.3K −$0.64/SF
EGI
$73.2K $10.76/SF
− OpEx
−$25.6K −$3.77/SF
NOI
$47.6K $7.00/SF
Area
Lawrence County, PA
Vacancy
5.60%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
35.00%
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%
$951,320
Cap Rate 7%
$679,514
Cap Rate 9%
$528,511
Alternative Uses
Best Use
Warehouse
$8.26M
$7.23M – $9.64M
NOI $578,152 @ 7.0% cap · market cap 82.59%
Second Best
Industrial
$6.80M
$5.95M – $7.94M
NOI $476,125 @ 7.0% cap · market cap 68.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 16101, PA
31,960
Population
14,755
Households
2.2
Avg Household Size
44
Median Age
18%
College-Educated
92%
High-School Grad
69.2 sq mi
ZIP Area
462
Density / Sq Mi
$50,481
Median Household Income
$36,670
Median Earnings
$706
Median Rent
$109,600
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?
Flex space - 6,800 SF industrial property with stable income in New Castle.
Where is this flex space located?
The property is located at 905 Sampson St New Castle, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Fully leased 6,800 SF industrial property providing stable in‑place income.; Located on 2.86 acres, offering potential for parking, outdoor storage, or expansion.; Excellent location with direct access to Route 18, Route 422, and I‑376, near Downtown New Castle.
