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401 Paintersville Rd Hunker, PA 15639
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For Sale
$1,950,000
Prime PA Industrial Property, 7% Cap Rate
Property size:
25,574 SF
Description
Added:
Dec 11, 2024
Days on Market:
413
This exceptional investment opportunity presents a single-tenant, net-leased industrial flex property totaling 25,574 square feet, situated on a 3.21-acre lot at 401 Paintersville Rd, Hunker, PA 15639. The property, built in 1990, is currently 100% occupied by a credit-rated FedEx Ship Center, serving as a retail shipping hub for FedEx Express and FedEx Ground. The building features 20,000 square feet of warehouse space, 3,800 square feet of office/retail space, and a 1,740-square-foot vehicle maintenance area. It boasts 20-foot clear ceiling heights, three loading docks, and five dock-high doors. The property includes 65 parking spaces and is climate-controlled and fully sprinklered. Zoned for Neighborhood Commercial use, this strategically located asset benefits from exceptional access to major transportation arteries, including I-76 (Pennsylvania Turnpike), I-70, US-60, and US-119, placing it near other significant industrial hubs and corporate neighbors such as Amazon, UPS, and Westinghouse. The asking price is $1,950,000, representing a 7.00% cap rate and a price per square foot of $76.25. The Westmoreland County submarket exhibits low vacancy rates and strong rental growth potential, presenting a compelling value-add opportunity for investors. The property's strong tenant, prime location, and robust market fundamentals make it an attractive investment prospect.
Property Features for 401 Paintersville Rd
General Information
Property type
Distribution properties
Square Feet
25,574 SF
Lot Size
139,828 SF
Building Details
Year Built
1990
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Listing Contact
W. Jason Grace
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Property Insight Report
HighLights
25,574 SF single‑tenant, net‑leased industrial flex property for sale in Greater Pittsburgh, PA.
1990‑built FedEx Ship Center, serving FedEx Express and FedEx Ground; 100% occupied.
Value‑add opportunity with strong industrial submarket rental growth potential.
Climate‑controlled building with 20,000 SF warehouse, 3,800 SF office/retail, 1,740 SF maintenance; 20' clear height ceilings, 3 dock doors, 5 drive‑in doors.
Near regional FedEx Ground & Freight hubs.
Strong corporate neighbors including UNFI, UPS, Cleveland Brothers, General Nuclear, Blue Linx, and Westinghouse.
Distribution property - Prime PA Industrial Property, 7% Cap Rate
Where is this distribution property located?
The property is located at 401 Paintersville Rd Hunker, PA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 25,574 SF single-tenant, net-leased industrial flex property for sale in Greater Pittsburgh, PA.; 1990-built FedEx Ship Center, serving FedEx Express and FedEx Ground; 100% occupied.; Value-add opportunity with strong industrial submarket rental growth potential.
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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.
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401 Paintersville Rd Hunker, PA 15639
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401 Paintersville Rd, Hunker, PA
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401 Paintersville Rd, Hunker, PA
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