Building Details

Building Size 14,341 SF

Year Built 2013

Units 4

Listed By: Baxter Gimer · License #5022231 Show Phone

Source: Matthews

Added: Apr 10 Changed: Oct 15 Last Checked: Oct 20 at 5:08PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baxter Gimer

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This for-sale retail property is presented with an 8.20% cap rate and a total size of 14,855 square feet.

Located at 1 Mill Road in Newville, Pennsylvania, the offering is positioned as a straightforward retail investment asset for buyers seeking a property framed around the stated return metric.

The information provided does not include additional details on suite layout, frontage, tenant occupancy, or improvement specifics, so those items should be confirmed during due diligence.

Key Highlights

• Retail property for sale at an 8.20% cap rate
• 8.20% cap rate and 14,855 SF retail size

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$143,000

Cap Rate

8.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,860,000 $2.9M

Cap Rate 7%

$2,042,857 $2.0M

Cap Rate 9%

$1,588,889 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,855 SF

Gross rent

$213.9K $14.40/SF

− Vacancy

−$9.6K −$0.65/SF

EGI

$204.3K $13.75/SF

− OpEx

−$61.3K −$4.13/SF

NOI

$143.0K $9.63/SF

Area

Cumberland County, PA

Vacancy

4.50%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,860,000

Cap Rate 7%

$2,042,857

Cap Rate 9%

$1,588,889

Alternative Uses

Best Use

Retail

$2.04M

$1.79M – $2.38M (±1% cap)

NOI $143,000 @ 7.0% cap · market cap 8.46%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.45M

$3.02M – $4.03M (±1% cap)

NOI $241,549 @ 7.0% cap · market cap 14.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Bakery Storage Facility Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

152

Businesses Nearby

7k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 95% Dining 5%

Dollar General Shops & Services

6,533 visits/mo 0.1 miles

SUBWAY Dining

331 visits/mo 0.1 miles

Demographics for 17241, PA

11,878

Population

4,636

Households

2.6

Avg Household Size

44

Median Age

17%

College-Educated

87%

High-School Grad

111.7 sq mi

ZIP Area

106

Density / Sq Mi

$75,371

Median Household Income

$40,520

Median Earnings

$978

Median Rent

$208,400

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

Frequently Asked Questions

What type of property is this?

Retail space - For sale retail property presented at an 8.20% cap rate.

Where is this retail space located?

The property is located at 1 Mill Rd Newville, PA.

What is the asking price?

The asking price for this property is $1,691,000.

What are key features of this property?

This property features: Retail property for sale at an 8.20% cap rate; 8.20% cap rate and 14,855 SF retail size