Restored Historic Mixed-Use
For Sale
$1,290,000
Pending
125 North George Street, York, PA 17401
Five leased units include residential occupancy and a long-term commercial component in a walkable York City setting.
Property Size6,000 SF
Days on Market146
Property Features for 125 North George Street
General Information
Standard status
Pending
Size
6,000 SF
Total Parking Spaces
1
Property subtype
Multi-Family / Fee Simple
Zoning
MIXED COMMERCIAL USE
Occupancy
100%
Additional Details
Cap Rate
7.4%
Road Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$13,876
Amenities
No
2+ Access Exits
No Pool
Above Grade, Below Grade
Building Details
Year Built
1912
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Jessica Susanne Pare
(717) 434-2158
Source:
Compass
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 3:53PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1912, this restored historic mixed-use property contains nearly 6,000 sqft and five renovated, leased units. The configuration includes four residential units and a commercial space with a long-term lease. Residential interiors retain historic character while incorporating updated finishes and maintained systems. The property is zoned MIXED COMMERCIAL USE and includes 2+ access exits.
The building is located at 125 North George Street in York City, within the area identified as Restaurant Row. Its setting is described as highly walkable and surrounded by amenities, dining, and entertainment activity. Four long-term residential tenants provide established occupancy, while the commercial component adds a complementary use to the property. The overall CAP Rate is 7.4%.
The building is located at 125 North George Street in York City, within the area identified as Restaurant Row. Its setting is described as highly walkable and surrounded by amenities, dining, and entertainment activity. Four long-term residential tenants provide established occupancy, while the commercial component adds a complementary use to the property. The overall CAP Rate is 7.4%.
Key Highlights
- Nearly 6,000 sqft restored historic building built in 1912
- Five fully renovated and leased units, including four residential units
- Long‑term leased commercial space and four long‑term residential tenants
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
$62,100
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
4.81%
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%
$1,242,000
$1.2M
Cap Rate 7%
$887,143
$887.1K
Cap Rate 9%
$690,000
$690.0K
Market Conditions
NOI Build-Up for 6,000 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
$108.0K $18.00/SF
− Vacancy
−$8.6K −$1.44/SF
EGI
$99.4K $16.56/SF
− OpEx
−$37.3K −$6.21/SF
NOI
$62.1K $10.35/SF
Area
York County, PA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,242,000
Cap Rate 7%
$887,143
Cap Rate 9%
$690,000
Alternative Uses
Best Use
Mixed Use
$887.1K
$776.3K – $1.04M
NOI $62,100 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$790.0K
$691.3K – $921.7K
NOI $55,301 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,605 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five leased units include residential occupancy and a long-term commercial component in a walkable York City setting.
Where is this mixed-use property located?
The property is located at 125 North George Street York, PA.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Nearly 6,000 sqft restored historic building built in 1912; Five fully renovated and leased units, including four residential units; Long‑term leased commercial space and four long‑term residential tenants
