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    5859 Lincoln Hwy Gap, PA 17527

    Sponsored
    For Sale
    $494,900

    MULTI_FAMILY - Other - GAP, PA

    Property size:
    1,732 SF
    Lot size:
    1.09 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 25 at 7:06 am

    Property Features for 5859 Lincoln Hwy

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Dining Room
    Parking features
    Driveway, Off Street
    Interior features
    Attic, Bathroom - Tub Shower, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Floor Plan - Traditional, Kitchen - Eat-In
    Appliances
    Dishwasher, Dryer - Electric, Oven - Single, Oven/Range - Electric, Refrigerator, Washer, WaterHeater
    Size
    1,732 SF
    Lot size
    1.09 Acres

    Utilities

    Heating system
    Electric (Heating), Baseboard

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Frame, Metal Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Kimberly Eby

    Hostetter Realty (717) 354-6416

    Listing agent Kimberly Eby (717) 380-7459 License #319578

    Listing date Feb 20, 2026

    MLS# PALA2083458 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property with Shop/Showroom

    This mixed-use property presents an investment opportunity with residential and commercial potential. It features a two-unit home comprising a one-bedroom apartment renting for $700 per month and a two-bedroom apartment renting for $900 per month; both are occupied by long-term tenants. A shared laundry is located on the first floor. The landlord is responsible for sewer, snow removal, and lawn maintenance. The house is equipped with two separate electric meters. Additionally, the property includes a showroom/shop suitable for various business purposes, currently occupied by a business relocating at the end of March due to expansion. The shop, approximately 900 square feet, includes a bathroom but lacks hot water, and it is heated. A small 150-200 square foot garage is attached to the side of the shop. A separate, large 900 square foot garage is also located on the property. The upstairs apartment features a one-bedroom layout with an eat-in kitchen, living room, bedroom, and full bath. The downstairs apartment offers a two-bedroom layout with a large eat-in kitchen, large living room, two bedrooms, and a full bath. The property is situated on a 1.09-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Golf Cart Guy ... Golf Cart Dealer

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Gap
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -75.97248
    Latitude
    39.9879

    Nearby Similar for Sale

    • $849,900
      3,138 SF

      Prime Gap Retail Investment

      Three-unit income property, high visibility
      864 Route 41, Gap, PA 17527
      View Details
    • Contact for pricing

      Retail Investment Property For Sale

      Three-unit retail investment property with tenant leases in place.
      864 Route 41, Gap, PA 17527
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Investment property with apartments, showroom, and garage.
    Where is this mixed-use property located?
    The property is located at 5859 Lincoln Hwy Gap, PA.
    What is the asking price?
    The asking price for this property is $494,900.
    What are key features of this property?
    This property features: - Income-generating property with two existing rental units (1BR & 2BR) already leased to long-term tenants.; - Versatile showroom/shop space (approx. 900 sq ft) suitable for various business purposes, including heating and a bathroom.; - Large 900 sq ft garage provides ample storage or workspace.
    (717) 380-7459
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    5859 Lincoln Hwy Gap, PA 17527
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    Gap, PA 17527
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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
    5859 Lincoln Hwy Gap, PA 17527
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    We can help!
    Listing Contact
    Kimberly Eby
    Real Estate License ID: 319578
    (717) 380-7459
    Learn more
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