Renovated Retail
For Sale
$625,000
11973 Buchanan Trail East, Waynesboro, PA 17268
Commercial space is currently leased to a small business and includes on-site parking.
Property Size2,888 SF
Price / SF$216.41
Days on Market38
Property Features for 11973 Buchanan Trail East
General Information
Standard status
Active
Size
2,888 SF
Building Details
Year Built
1961
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(301) 305-8999
Listed By:
Sydney L Machat
Source:
Lgagne
Added: Jul 24
Changed: Aug 29
Last Checked: Aug 29 at 12:03PM
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 Berkshire Hathaway HomeServices Homesale Realty
Investment Insights
Based on property information with market context.
This 2,888-square-foot storefront property at 11973 Buchanan Trail East is a former branch bank facility that has been renovated for retail use. The building was constructed in 1961 and is currently leased to a small business, with ample parking supporting the site’s commercial function.
The property fronts Buchanan Trail E. (Pa. Rt. 16) with 169 feet of road frontage. Its position near Lowe’s places the building within an active commercial section with state highway traffic and visibility from the route.
The property fronts Buchanan Trail E. (Pa. Rt. 16) with 169 feet of road frontage. Its position near Lowe’s places the building within an active commercial section with state highway traffic and visibility from the route.
Key Highlights
- 2,888 SF storefront property renovated for retail use
- Currently leased to a small business
- 169 ft road frontage on Pa. Rt. 16
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
$27,140
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
4.34%
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%
$542,800
$542.8K
Cap Rate 7%
$387,714
$387.7K
Cap Rate 9%
$301,556
$301.6K
Market Conditions
NOI Build-Up for 2,888 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
$43.3K $15.00/SF
− Vacancy
−$4.5K −$1.58/SF
EGI
$38.8K $13.43/SF
− OpEx
−$11.6K −$4.03/SF
NOI
$27.1K $9.40/SF
Area
Franklin County, PA
Vacancy
10.50%
Lease Rate
$15.00 /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%
$542,800
Cap Rate 7%
$387,714
Cap Rate 9%
$301,556
Alternative Uses
Best Use
Retail
$387.7K
$339.3K – $452.3K
NOI $27,140 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$700.2K
$612.7K – $817.0K
NOI $49,017 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
59k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 20%
Electronics 9%
Home Improvements & Furnishings 3%
Sheetz
Shops & Services
36,892 visits/mo
0.4 miles
Applebee's
Dining
11,752 visits/mo
0.4 miles
Verizon
Electronics
3,020 visits/mo
0.4 miles
Buchanan Auto Park Jeep Dodge Chrysler RAM
Shops & Services
2,205 visits/mo
0.4 miles
GameStop
Electronics
2,056 visits/mo
0.5 miles
Demographics for 17268, PA
29,587
Population
12,693
Households
2.3
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
77.8 sq mi
ZIP Area
380
Density / Sq Mi
$69,715
Median Household Income
$44,106
Median Earnings
$1,081
Median Rent
$225,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Green Arbor Landscape, LLC — 11401 Buchanan Trail E, Waynesboro, PA 17268
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space is currently leased to a small business and includes on-site parking.
Where is this storefront property located?
The property is located at 11973 Buchanan Trail East Waynesboro, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,888 SF storefront property renovated for retail use; Currently leased to a small business; 169 ft road frontage on Pa. Rt. 16
