Building Details

Year built 2000

Building materials Brick

Listing Agency: Iron Valley Real Estate Keystone c***@ivreschuylkill.com Show Phone

Listed By: Guy Julian · License #RS343403 Show Phone

Added: Aug 18 Changed: Sep 7 Last Checked: Sep 10 at 5:06AM

Report an Issue

MLS# PASK2029074

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.

This 2,731-square-foot strip center contains two retail storefronts designed around visible merchandising areas and practical back-of-house functions. Both suites include display windows and access beneath a covered pedestrian walkway. Interior layouts provide bright sales areas along with space that can accommodate private offices or utility functions and restroom facilities. Brick construction, a metal roof, central air, electric heating, and heat-pump service support the building’s physical configuration.

A drive-through canopy associated with a local bank adds a distinct site feature and may support separate occupancy. The property occupies 0.21 acres at Main & Center Street in Mahanoy City, Pennsylvania. Parking is available through an on-site lot and on-street spaces. Built in 2000, the property offers a compact commercial footprint with two separately usable storefront areas.

Key Highlights

• 2,731 SF strip center with two retail storefronts
• 0.21‑acre site at Main & Center Street
• Brick construction with a metal roof

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

$19,505

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

5.57%

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%

$390,100 $390.1K

Cap Rate 7%

$278,643 $278.6K

Cap Rate 9%

$216,722 $216.7K

Market Conditions

NOI Build-Up for 2,731 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

$31.1K $11.40/SF

− Vacancy

−$3.3K −$1.20/SF

EGI

$27.9K $10.20/SF

− OpEx

−$8.4K −$3.06/SF

NOI

$19.5K $7.14/SF

Area

Schuylkill County, PA

Vacancy

10.50%

Lease Rate

$11.40 /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%

$390,100

Cap Rate 7%

$278,643

Cap Rate 9%

$216,722

Alternative Uses

Best Use

Retail

$278.6K

$243.8K – $325.1K (±1% cap)

NOI $19,505 @ 7.0% cap · market cap 5.57%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$409.7K

$358.5K – $477.9K (±1% cap)

NOI $28,676 @ 7.0% cap · market cap 8.19%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Strip malls

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

265

Businesses Nearby

6k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,564 visits/mo 0.5 miles

Demographics for 17948, PA

4,258

Population

2,555

Households

1.7

Avg Household Size

43

Median Age

9%

College-Educated

85%

High-School Grad

19.2 sq mi

ZIP Area

222

Density / Sq Mi

$45,720

Median Household Income

$36,063

Median Earnings

$932

Median Rent

$39,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this strip malls located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Strip mall - Two retail suites offer display windows, covered customer access, and flexible front-of-house layouts.

Where is this strip mall located?

The property is located at MAIN & CENTER Street Mahanoy City, PA.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: 2,731 SF strip center with two retail storefronts; 0.21‑acre site at Main & Center Street; Brick construction with a metal roof