Listing Agency: U.S. Commercial Realty Show Phone

Listed By: Dwight E. Wagner · License #RM024200B Show Phone

Source: Moodyscre

Added: Mar 21, 2025 Changed: Oct 25 Last Checked: Oct 28 at 12:18PM

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Investment Insights

Based on property information with market context.

This retail space features an approved site design with a conceptual building. The property includes 43 on-site parking spaces, with additional shared parking available for over 100 spaces. The space offers 7,500 square feet, which can be divided into one to three units.

Key Highlights

• Approved site design with conceptual building
• 7,500 SF
• Suitable for 1 to 3 units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$88,263

Cap Rate

8.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,765,260 $1.8M

Cap Rate 7%

$1,260,900 $1.3M

Cap Rate 9%

$980,700 $980.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,500 SF

Gross rent

$135.0K $18.00/SF

− Vacancy

−$8.9K −$1.19/SF

EGI

$126.1K $16.81/SF

− OpEx

−$37.8K −$5.04/SF

NOI

$88.3K $11.77/SF

Area

Lancaster County, PA

Vacancy

6.60%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,765,260

Cap Rate 7%

$1,260,900

Cap Rate 9%

$980,700

Alternative Uses

Best Use

Retail

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,263 @ 7.0% cap · market cap 8.02%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.51M

$2.20M – $2.93M (±1% cap)

NOI $175,931 @ 7.0% cap · market cap 15.99%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Pharmacy Storage Facility Plumbing Service Grocery & Convenience Store Real Estate Agency

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

305

Businesses Nearby

Explore this area Business Placement

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

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$530,000

2,500 SF

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Two-Unit Duplex with Storage Barn

33 QUEEN ROAD, Gordonville, PA 17529

$325,000

1,864 SF

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space for sale with approved site and parking.

Where is this retail space located?

The property is located at 3474 Old Philadelphia Pike Gordonville, PA.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Approved site design with conceptual building; 7,500 SF; Suitable for 1 to 3 units