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    Commercial Property with Two Tenants Title is generated by Realmo AI

    399 NOTTINGHAM Road, Nottingham, PA 19362

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    Claim this Listing
    For Sale
    $500,000

    Commercial Sale - NOTTINGHAM, PA

    Type:Retail
    Lot size:
    0.31 Acres
    Added:
    Apr 23, 2025
    Days on Market:
    407
    Last Refresh:
    Jun 3 at 4:06 am

    Property Features for 399 NOTTINGHAM Road

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking
    20
    Parking features
    Parking Lot
    Standard status
    Active
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3509

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Year built
    1990
    Building materials
    Metal Siding

    We can help!

    Listing Contact
    Richard DiPrimio

    Listing agent Richard DiPrimio License #RS338327

    Listing office Keller Williams Real Estate - West Chester 276 Dilworthtown Road, West Chester, PA

    Listing date Apr 23, 2025

    MLS# PALA2068072

    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.

    HighLights

    • High‑visibility corner lot location at the intersection of Nottingham Road and Brown Road in Lancaster County.
    • Currently generates income from two long‑term tenants: an auto mechanic and a pizza shop.
    • Two tenant spaces: auto shop (2,669 SF) with office and shop with two overhead doors, and pizza shop (1,400 SF) with kitchen, dining area, and storage.
    • Tenants pay their own utilities due to separate metering.
    • Includes a parking lot.
    • Built in 1990 with metal siding.

    Overview

    Located at 399 Nottingham Road in Nottingham, PA, this commercial property is situated on a 0.31-acre corner lot at the intersection of Nottingham Road and Brown Road in Lancaster County, offering high visibility. The property is currently occupied by two long-term tenants: an auto mechanic and a pizza shop. The auto shop spans approximately 2,669 square feet, featuring a small office space and a 45 x 41 shop area equipped with two overhead drive-in doors. The pizza shop occupies around 1,400 square feet, comprising a kitchen with a cashier counter, a small dining area furnished with six tables, and a storage room. The property is separately metered, allowing tenants to manage their own utility expenses. The tenants share two common area restrooms. The sale includes the real estate only; businesses or trade fixtures are not included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Department Store Kitchen & Bath Showroom Food Market Grocery & Convenience Store Discount Store Clothing & Fashion Store (Bike/Boat/Book/etc) Store

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

    Similar Places Nearby

    • Cox's Garage of Nottingham, LLC — 383 Nottingham Rd, Quarryville, PA 17566
    • M & W Automotive — 399 Nottingham Rd, Quarryville, PA 17566
    • Phipps and Son Auto & Truck Repairs — 349 Nottingham Rd, Quarryville, PA 17566

    Location Insight

    • Map
    • Local Demand
    City
    Nottingham
    County
    Chester
    State
    Pennsylvania
    Longitude
    -76.11652
    Latitude
    39.77881

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    • $950,000
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      Lancaster County Commercial Property

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    • $1,300,000

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    FAQs

    What type of property is this?
    Auto shop - Commercial property with auto shop and pizza shop tenants.
    Where is this auto shop located?
    The property is located at 399 NOTTINGHAM Road Nottingham, PA.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: High‑visibility corner lot location at the intersection of Nottingham Road and Brown Road in Lancaster County.; Currently generates income from two long‑term tenants: an auto mechanic and a pizza shop.; Two tenant spaces: auto shop (2,669 SF) with office and shop with two overhead doors, and pizza shop (1,400 SF) with kitchen, dining area, and storage.
    (484) 947-8988
    We can help!
    Listing Contact
    Richard DiPrimio
    Real Estate License ID: RS338327
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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.

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