Retail Building with NNN
For Sale
$2,448,817
2915 WHITEFORD Road, York, PA 17402
Commercial Sale - YORK, PA
Property Size9,535 SF
Lot Size0.97 Acres
Price / SF$256.82
Days on Market195
Property Features for 2915 WHITEFORD Road
General Information
Property type
Other
Property subtype
Retail
Parking
25
Parking features
Parking Lot
Elementary school district
CENTRAL YORK
Middle school district
CENTRAL YORK
High school district
CENTRAL YORK
Standard status
Active
Size
9,535 SF
Lot size
0.97 Acres
Taxes and HOA fees
Tax Annual Amount
29243
Utilities
Heating system
Forced Air
Building Details
Year built
2002
Number of units
2
Building materials
Brick
Listing Agency:
Bennett Williams Realty, Inc.
(717) 843-5555
Listed By:
Bradley A Rohrbaugh · License #RS223194L
(717) 843-5555
Added: Jan 30
Changed: Jun 9
Last Checked: Aug 13 at 1:06AM
MLS# PAYK2097052
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Whiteford Road Shoppes is a retail building offered for sale in York, PA. The property is occupied by two tenants under NNN lease structures, with the landlord reimbursed for expenses. The building size is identified in the listing as 9,535 SF.
The center provides direct access to and from Whiteford Road, and it also includes common access shared with neighboring tenants. The property is described as highly visible along Whiteford Road. The surrounding retail environment is characterized as active, with nearby national retailers listed in the remarks including Target, Kohl’s, Marshalls, Boot Barn, and Dick’s Sporting Goods.
For buyers seeking an income-producing retail asset with existing tenant occupancy, this offering includes established tenants operating under NNN leases. The combination of direct road access and shared site access supports straightforward customer and logistics routing for the tenants currently in place. Investors and retail operators may view this as a practical fit when evaluating a multi-tenant retail building positioned within a larger shopping corridor.
The center provides direct access to and from Whiteford Road, and it also includes common access shared with neighboring tenants. The property is described as highly visible along Whiteford Road. The surrounding retail environment is characterized as active, with nearby national retailers listed in the remarks including Target, Kohl’s, Marshalls, Boot Barn, and Dick’s Sporting Goods.
For buyers seeking an income-producing retail asset with existing tenant occupancy, this offering includes established tenants operating under NNN leases. The combination of direct road access and shared site access supports straightforward customer and logistics routing for the tenants currently in place. Investors and retail operators may view this as a practical fit when evaluating a multi-tenant retail building positioned within a larger shopping corridor.
Key Highlights
- NNN Leases in place with Landlord reimbursed for expenses.
- Tenants include Goodwill and Men's Warehouse.
- Highly visible 9,535 SF building on Whiteford Road.**
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
$113,774
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
4.65%
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%
$2,275,480
$2.3M
Cap Rate 7%
$1,625,343
$1.6M
Cap Rate 9%
$1,264,156
$1.3M
Market Conditions
NOI Build-Up for 9,535 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
$171.6K $18.00/SF
− Vacancy
−$9.1K −$0.95/SF
EGI
$162.5K $17.05/SF
− OpEx
−$48.8K −$5.11/SF
NOI
$113.8K $11.93/SF
Area
York County, PA
Vacancy
5.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,275,480
Cap Rate 7%
$1,625,343
Cap Rate 9%
$1,264,156
Alternative Uses
Best Use
Retail
$1.63M
$1.42M – $1.90M
NOI $113,774 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.76M
$2.42M – $3.22M
NOI $193,250 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
98k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Beauty & Spa 2%
Hotels & Casinos 1%
Home Improvements & Furnishings 1%
Rutters
Shops & Services
45,994 visits/mo
0.4 miles
Sheetz
Shops & Services
40,870 visits/mo
0.5 miles
Apple Ford of York
Shops & Services
2,780 visits/mo
0.1 miles
Cosmoprof
Beauty & Spa
1,655 visits/mo
0.3 miles
Toyota Of York
Shops & Services
1,439 visits/mo
0.3 miles
Demographics for 17402, PA
36,978
Population
14,751
Households
2.5
Avg Household Size
43
Median Age
35%
College-Educated
91%
High-School Grad
18.7 sq mi
ZIP Area
1,977
Density / Sq Mi
$77,134
Median Household Income
$46,039
Median Earnings
$1,307
Median Rent
$247,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Single retail building with Goodwill and Men’s Warehouse, direct road access, and NNN lease structure.
Where is this strip mall located?
The property is located at 2915 WHITEFORD Road York, PA.
What is the asking price?
The asking price for this property is $2,448,817.
What are key features of this property?
This property features: NNN Leases in place with Landlord reimbursed for expenses.; Tenants include Goodwill and Men's Warehouse.; Highly visible 9,535 SF building on Whiteford Road.**
