Bank and Wireless Retail
For Sale
$2,625,416
2595 N Reading Rd, Denver, PA 17517
Leased building occupied by Truist and Verizon at a signalized intersection along Route 272.
Property Size7,200 SF
Days on Market78
Property Features for 2595 N Reading Rd
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Retail
Building Details
Building Size
7,200 SF
Tenancy
Multi
Listing Agency:
Bennett Williams Commercial
(717) 843-5555
Listed By:
Justin Willits · License #RS223285L
Source:
Commercialcafe
Added: Jun 16
Changed: Aug 31
Last Checked: Sep 1 at 4:05PM
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 Bennett Williams Commercial
Investment Insights
Based on property information with market context.
This for-sale retail property includes long-term operating tenants, with Truist Bank and Verizon Wireless maintaining established presence at the location. The building totals 7,200 square feet and is being offered as an income-producing real estate asset with both tenants in place.
The property is positioned along North Reading Road (Route 272) at a signalized intersection, providing straightforward access and visibility for retail and financial services operations.
The property is positioned along North Reading Road (Route 272) at a signalized intersection, providing straightforward access and visibility for retail and financial services operations.
Key Highlights
- Leased building occupied by Truist Bank and Verizon Wireless
- Located along North Reading Road (Route 272) at a signalized intersection
- Tenants have long‑term operating history at the location
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
$131,335
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
5.00%
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%
$2,626,700
$2.6M
Cap Rate 7%
$1,876,214
$1.9M
Cap Rate 9%
$1,459,278
$1.5M
Market Conditions
NOI Build-Up for 7,200 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
$187.5K $26.04/SF
− Vacancy
−$12.4K −$1.72/SF
EGI
$175.1K $24.32/SF
− OpEx
−$43.8K −$6.08/SF
NOI
$131.3K $18.24/SF
Area
Lancaster County, PA
Vacancy
6.60%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
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%
$2,626,700
Cap Rate 7%
$1,876,214
Cap Rate 9%
$1,459,278
Alternative Uses
Best Use
Specialty Retail
$1.88M
$1.64M – $2.19M
NOI $131,335 @ 7.0% cap · market cap 5.00%
Second Best
Retail
$1.21M
$1.06M – $1.41M
NOI $84,732 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,893 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Electronics 8%
Turkey Hill Minit Market
Shops & Services
9,884 visits/mo
0.5 miles
Truist
Shops & Services
3,291 visits/mo
0.2 miles
Verizon
Electronics
1,098 visits/mo
0.2 miles
Demographics for 17517, PA
16,092
Population
5,636
Households
2.9
Avg Household Size
40
Median Age
22%
College-Educated
87%
High-School Grad
35.5 sq mi
ZIP Area
453
Density / Sq Mi
$99,688
Median Household Income
$46,072
Median Earnings
$1,229
Median Rent
$281,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Leased building occupied by Truist and Verizon at a signalized intersection along Route 272.
Where is this bank located?
The property is located at 2595 N Reading Rd Denver, PA.
What is the asking price?
The asking price for this property is $2,625,416.
What are key features of this property?
This property features: Leased building occupied by Truist Bank and Verizon Wireless; Located along North Reading Road (Route 272) at a signalized intersection; Tenants have long‑term operating history at the location
