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    1 Airport Rd Emporium, PA 15834

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    244,997 SF industrial building on 13.10 acres.

    Type:Industrial
    Property size:
    244,997 SF
    Lot size:
    13.10 Acres
    Price / SF:
    $12/SF
    Added:
    Feb 19, 2024
    Days on Market:
    795
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 1 Airport Rd

    General Information

    Standard status
    Active
    Size
    244,997 SF
    Lot size
    13.10 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1997

    We can help!

    Listing Contact
    Dana Grau

    Listing agent Dana Grau License #PA RS200446L

    Listing office Lee & Associates - Western Pennsylvania

    Listing date Feb 19, 2024

    Source Crexi

    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 Lee & Associates - Western Pennsylvania

    Overview

    Industrial Manufacturing Building For Sale

    This is a 244,997 square foot industrial manufacturing building for sale, situated on 13.10 acres. Constructed in 1997, the building is classified as Class B. The building can easily be subdivided in half to accommodate two tenants. The construction type is warehouse structural steel and office masonry with a flat rubber roof. Column spacing is 50 feet by 30 feet. The conventional warehouse clear height is 29 feet 5 inches; the main floor forging area clear height is 27 feet; and the mezzanine clear height is 10 feet 6 inches. The property features seven loading docks and four drive-in doors. It includes two 3-ton cranes and one 1.5-ton crane. Power is supplied by a substation metered at 46kV with 5 transformers. Lighting is T-4. The offices are fully conditioned, along with a portion of the warehouse, and there are exterior water cooling towers. The property has public water and sewer. The office area is a 27,000 square foot, 3-story space with an elevator. There are several restrooms throughout the warehouse, and restrooms on each floor of the office building. The property is located in Cameron County, PA, which has received a Bioeconomy Development Opportunity (BDO) Zone 'A' rating in 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    GKN Sinter Metals Corporate Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Emporium
    County
    Cameron
    State
    Pennsylvania
    Longitude
    -78.2450406
    Latitude
    41.5082543

    Nearby Similar for Sale

    • $2,940,000
      244 SF

      Industrial Building with Office Space

      244,997 SF industrial building with 27,000 SF office space.
      1 Airport Rd | Emporium, PA 15834, PA 15834
      View Details
    • Contact for pricing
      11,235 SF

      Retail Space in Emporium, PA

      Retail space available for sale in Emporium, Pennsylvania.
      620 E Allegany Ave, Emporium, PA 15834
      View Details
    • Contact for pricing

      Property in Emporium, Pennsylvania

      Located in Emporium, PA 15834.
      Emporium, PA 15834
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 244,997 SF industrial building on 13.10 acres.
    Where is this manufacturing property located?
    The property is located at 1 Airport Rd Emporium, PA.
    What is the asking price?
    The asking price for this property is $2,940,000.
    What are key features of this property?
    This property features: Large industrial manufacturing building offering 244,997 SF on 13.10 acres.; Substation metered at 46kV with 5 transformers providing ample power.; Located in Cameron County, PA, a Bioeconomy Development Opportunity (BDO) Zone 'A'.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dana Grau
    Real Estate License ID: PA RS200446L
    Learn More
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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.

    More about this property
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