Property profile

405 East St Carlisle, PA 17013

OFF-MARKET
Industrial properties
50,045 SF 1.41 ac lot Built 1950
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Property summary

AI-generated overview

This exceptional 50,045-square-foot industrial facility presents a compelling investment opportunity in Carlisle, PA. Situated on a 1.41-acre lot, this property boasts a prime location off Harrisburg Pike (Route 11), offering convenient access to the PA Turnpike (2.5 miles) and I-81 (3.5 miles). The building features sound construction with a brick and block exterior and warehouse components with 13-13.5' ceilings. A significant portion of the building is currently tenant-occupied, generating a monthly income of $9,155. However, the majority of leases are short-term, presenting a unique opportunity for owner-users to potentially retain some existing tenants while securing new leases to suit their needs. The property includes a paved/gravel parking area for ample maneuverability and a partial second floor accessible via a freight elevator. Heating is provided by a gas boiler and hanging gas blowers. Note that the building is not sprinklered. Tenants are responsible for electricity and gas costs, while the landlord covers water, sewer, trash, and stormwater fees. A partial basement (12,320 sq ft) with exterior access provides additional storage, and a detached 960-square-foot block storage garage is also included. It's important to note that a portion of the property lies within a designated flood zone. The total square footage listed (50,045 sq ft) does not include the basement area.

Property profile

Verified
Property type Industrial properties
Year built 1950
Total area 50,045 SF
Lot 1.41 ac (61,420 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Interior Design
  • Interior Design Home Decor Store
  • Auto Repair Shop Insurance Agency
  • Daycare Center Foster Care Service
  • Construction Company

Location

405 East St Carlisle, PA 17013
Carlisle metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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