Flex Warehouse with Drive-In
For Sale
$595,000
929 Pondtown Rd, Dillsburg, PA 17019
Two warehouse buildings with multiple drive-in doors, office/workspace, and outdoor storage on 1.93 acres with a residence included.
Property Size4,080 SF
Lot Size1.93 Acres
Days on Market60
Property Features for 929 Pondtown Rd
General Information
Standard status
Active
Size
4,080 SF
Lot size
1.93 Acres
Property subtype
Flex
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
5
Building Details
Building Size
4,080 SF
Year Built
1980
Listing Agency:
NAI CIR
Listed By:
Casey Khuri · License #RS340051
(717) 574-5696
Source:
Circommercial
Added: Jul 10
Changed: Aug 31
Last Checked: Sep 7 at 5:50AM
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 NAI CIR
Investment Insights
Based on property information with market context.
This live/work property includes a single-family residence plus two warehouse-style buildings totaling over 6,700 SF of usable space on 1.93 acres. The larger 40' x 102' building features three drive-in doors along with workspace, office, and storage areas. The second 48' x 56' building includes two drive-in doors, with both doors providing 12' clearance and a peak height of 15'. Outdoor space and generous parking are available for equipment storage or future needs.
The configuration is designed to support flexible operations with a compact campus feel, and it offers multiple enclosed structures in addition to the residence. The property is described as being convenient to major highways.
The configuration is designed to support flexible operations with a compact campus feel, and it offers multiple enclosed structures in addition to the residence. The property is described as being convenient to major highways.
Key Highlights
- 1.93‑acre property with 2 warehouse buildings plus a single‑family residence
- Over 6,700 SF of total usable space across multiple structures
- 40' x 102' building includes three drive‑in doors plus workspace, office, and storage
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
$28,908
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
4.86%
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%
$578,160
$578.2K
Cap Rate 7%
$412,971
$413.0K
Cap Rate 9%
$321,200
$321.2K
Market Conditions
NOI Build-Up for 4,080 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
$36.0K $8.83/SF
− Vacancy
−$2.0K −$0.49/SF
EGI
$34.0K $8.34/SF
− OpEx
−$5.1K −$1.25/SF
NOI
$28.9K $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%
$578,160
Cap Rate 7%
$412,971
Cap Rate 9%
$321,200
Alternative Uses
Best Use
Warehouse
$413.0K
$361.4K – $481.8K
NOI $28,908 @ 7.0% cap · market cap 4.86%
Second Best
Industrial
$340.1K
$297.6K – $396.8K
NOI $23,806 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,691 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17019, PA
19,156
Population
7,706
Households
2.5
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
63.8 sq mi
ZIP Area
300
Density / Sq Mi
$89,740
Median Household Income
$52,691
Median Earnings
$1,088
Median Rent
$277,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two warehouse buildings with multiple drive-in doors, office/workspace, and outdoor storage on 1.93 acres with a residence included.
Where is this flex space located?
The property is located at 929 Pondtown Rd Dillsburg, PA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1.93‑acre property with 2 warehouse buildings plus a single‑family residence; Over 6,700 SF of total usable space across multiple structures; 40' x 102' building includes three drive‑in doors plus workspace, office, and storage
