Building Details

Year Built 1979

Listing Agency: Landmark Commercial Realty

Listed By: W. Jason Grace · License #PA Show Phone

Source: Crexi

Added: Aug 26, 2024 Changed: Aug 24 Last Checked: Sep 5 at 6:26PM

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Investment Insights

Based on property information with market context.

This industrial property, located in Lewisberry, Pennsylvania, features a 15,200-square-foot warehouse. It is suitable for commercial real estate and other warehouse purposes.

Key Highlights

• Industrial Property
• 15,200 SqFt of space
• Built in 1979

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

$107,695

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

3.65%

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%

$2,153,900 $2.2M

Cap Rate 7%

$1,538,500 $1.5M

Cap Rate 9%

$1,196,611 $1.2M

Market Conditions

NOI Build-Up for 15,200 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

$134.2K $8.83/SF

− Vacancy

−$7.5K −$0.49/SF

EGI

$126.7K $8.34/SF

− OpEx

−$19.0K −$1.25/SF

NOI

$107.7K $7.09/SF

Area

York 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%

$2,153,900

Cap Rate 7%

$1,538,500

Cap Rate 9%

$1,196,611

Alternative Uses

Best Use

Warehouse

$1.54M

$1.35M – $1.79M (±1% cap)

NOI $107,695 @ 7.0% cap · market cap 3.65%

Second Best

Industrial

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,690 @ 7.0% cap · market cap 3.01%

Theoretical Best

Office A

$4.40M

$3.85M – $5.13M (±1% cap)

NOI $308,065 @ 7.0% cap · market cap 10.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Law Firm HVAC Service Hair Salon

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

255

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 17339, PA

6,704

Population

2,705

Households

2.5

Avg Household Size

46

Median Age

29%

College-Educated

97%

High-School Grad

26.8 sq mi

ZIP Area

250

Density / Sq Mi

$97,375

Median Household Income

$49,869

Median Earnings

$1,235

Median Rent

$288,600

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 warehouses 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?

Warehouse - 15,200 SqFt industrial warehouse property available for purchase.

Where is this warehouse located?

The property is located at 569 Industrial Dr Lewisberry, PA.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: Industrial Property; 15,200 SqFt of space; Built in 1979