Listing Agency: Berkshire Hathaway HomeServices Homesale Realty Show Phone

Listed By: Robert V Argento · License #RS173754L Show Phone

Source: Exprealty

Added: Mar 18 Changed: Oct 2 Last Checked: Oct 14 at 11:17PM

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Investment Insights

Based on property information with market context.

This commercial property, currently operating as a service garage, is located in Hallam Boro. The property features three garage bays suitable for automotive service, repair, or light commercial uses. There are 21 parking spaces available on-site. The layout allows for efficient workflow. The property includes storage rooms for inventory, tools, and supplies, as well as a walk-up attic housing the furnace and another room with plumbing for a bathroom. The property is zoned Mixed Use.

Key Highlights

• Three spacious garage bays ideal for automotive or light commercial use.
• Ample on‑site parking with 21 spaces.
• High‑visibility location in Hallam Boro.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,575

Cap Rate

4.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$651,500 $651.5K

Cap Rate 7%

$465,357 $465.4K

Cap Rate 9%

$361,944 $361.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,730 SF

Gross rent

$49.1K $18.00/SF

− Vacancy

−$2.6K −$0.95/SF

EGI

$46.5K $17.05/SF

− OpEx

−$14.0K −$5.11/SF

NOI

$32.6K $11.93/SF

Area

York County, PA

Vacancy

5.30%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$651,500

Cap Rate 7%

$465,357

Cap Rate 9%

$361,944

Alternative Uses

Best Use

Retail

$465.4K

$407.2K – $542.9K (±1% cap)

NOI $32,575 @ 7.0% cap · market cap 4.76%

Second Best

Mixed Use

$403.7K

$353.2K – $470.9K (±1% cap)

NOI $28,256 @ 7.0% cap · market cap 4.12%

Theoretical Best

Office A

$790.4K

$691.6K – $922.2K (±1% cap)

NOI $55,330 @ 7.0% cap · market cap 8.08%

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

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Building Supply HVAC Service (Bike/Boat/Book/etc) Store Bakery Pharmacy Dental Office

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

2,702

Businesses Nearby

59k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 47% Groceries 22% Shops & Services 17% Apparel 12%

McDonald's Dining

21,613 visits/mo 0.2 miles

C-Town Supermarkets Groceries

13,146 visits/mo 0.2 miles

Family Dollar Shops & Services

4,675 visits/mo 0.2 miles

Krispy Krunchy Chicken Dining

3,599 visits/mo 0.2 miles

Citi Trends Apparel

3,507 visits/mo 0.2 miles

Demographics for 17401, PA

18,771

Population

8,202

Households

2.3

Avg Household Size

32

Median Age

16%

College-Educated

80%

High-School Grad

1.5 sq mi

ZIP Area

12,514

Density / Sq Mi

$41,569

Median Household Income

$30,329

Median Earnings

$940

Median Rent

$84,500

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?

Mixed-use property - Versatile commercial property in Hallam Boro with ample parking.

Where is this mixed-use property located?

The property is located at 120 E Market St Hallam, PA.

What is the asking price?

The asking price for this property is $685,000.

What are key features of this property?

This property features: Three spacious garage bays ideal for automotive or light commercial use.; Ample on‑site parking with 21 spaces.; High‑visibility location in Hallam Boro.