Building Details

Year Built 1980

Listing Agency: NAI Burns Scalo

Listed By: Chris Garrity · License #PA Show Phone

Source: Crexi

Added: Jul 30, 2024 Changed: Oct 10 Last Checked: Oct 19 at 3:51AM

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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 Burns Scalo

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Investment Insights

Based on property information with market context.

This industrial warehouse offers 24,000 RSF of space on a 5-acre lot in Emlenton, Pennsylvania. The property is located less than a mile from Interstate 80.

Key Highlights

• 24,000 RSF industrial warehouse
• Located on 5 acres
• Less than a mile from Interstate 80

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$140,037

Cap Rate

8.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,800,740 $2.8M

Cap Rate 7%

$2,000,529 $2.0M

Cap Rate 9%

$1,555,967 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 24,000 SF

Gross rent

$211.9K $8.83/SF

− Vacancy

−$11.9K −$0.49/SF

EGI

$200.1K $8.34/SF

− OpEx

−$60.0K −$2.50/SF

NOI

$140.0K $5.83/SF

Area

Venango County, PA

Vacancy

5.60%

Lease Rate

$8.83 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,800,740

Cap Rate 7%

$2,000,529

Cap Rate 9%

$1,555,967

Alternative Uses

Best Use

Warehouse

$2.43M

$2.13M – $2.83M (±1% cap)

NOI $170,045 @ 7.0% cap · market cap 9.72%

Second Best

Industrial

$2.00M

$1.75M – $2.33M (±1% cap)

NOI $140,037 @ 7.0% cap · market cap 8.00%

Theoretical Best

Office A

$7.60M

$6.65M – $8.87M (±1% cap)

NOI $532,224 @ 7.0% cap · market cap 30.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Auto Parts Store Dental Office Storage Facility (Bike/Boat/Book/etc) Store Carpet & Flooring Store Cafe & Coffee Shop

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

18

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 16373, PA

3,355

Population

1,787

Households

1.9

Avg Household Size

45

Median Age

21%

College-Educated

89%

High-School Grad

80.8 sq mi

ZIP Area

42

Density / Sq Mi

$65,529

Median Household Income

$43,696

Median Earnings

$753

Median Rent

$138,800

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

Similar For Sale Nearby

See more

Multi-Level Flex Space

309 Main Street, Emlenton, PA 16373

$275,000

14,030 SF

View details

Flex Facility with Outdoor Storage

4142 State Route 208, Emlenton, PA 16373

$425,000

6,000 SF

View details

Mixed-Use Building with Retail Spaces

607 Main St, Emlenton, PA 16373

$874,000

View details

Frequently Asked Questions

What type of property is this?

Warehouse - 24,000 RSF warehouse on 5 acres near Interstate 80.

Where is this warehouse located?

The property is located at 3700 Oneida Valley Rd Emlenton, PA.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: 24,000 RSF industrial warehouse; Located on 5 acres; Less than a mile from Interstate 80