Building Details

Year Built 1950

Buildings 1

Stories 1

Listing Agency: Berkshire Hathaway HomeServices Homesale Realty Show Phone

Listed By: Bobby Argento · License #PA RS173754L

Source: Crexi

Added: Mar 20 Changed: Aug 8 Last Checked: Aug 12 at 6:48AM

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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 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 = 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

$32,575

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

4.76%

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%

$651,500 $651.5K

Cap Rate 7%

$465,357 $465.4K

Cap Rate 9%

$361,944 $361.9K

Market Conditions

NOI Build-Up for 2,730 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

$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 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%

$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.

Property Analytics

Property Profile

Current Use

Auto shops

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Wine and Liquor Store Pet Store & Service

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

146

Businesses Nearby

Explore this area Business Placement

Demographics for 17406, PA

23,700

Population

9,357

Households

2.5

Avg Household Size

42

Median Age

28%

College-Educated

92%

High-School Grad

48.9 sq mi

ZIP Area

485

Density / Sq Mi

$85,183

Median Household Income

$46,427

Median Earnings

$1,362

Median Rent

$218,000

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

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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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.