Retail
New
For Sale
Contact for pricing
200 S Jefferson St, New Castle, PA 16101
Existing retail building offered in as-is condition.
Property Size14,250 SF
Price / SF$90.88
Days on Market7
Property Features for 200 S Jefferson St
General Information
Standard status
Active
Size
14,250 SF
Property subtype
Retail
Occupancy
66%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$116,534
Building Details
Year Built
1969
Year Renovated
2020
Tenancy
Multi
Listing Agency:
Colliers - Columbus, Ohio
(614) 436-9800
Listed By:
Zach Zechman · License #OH 2025003360
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 9 at 7:24AM
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 Colliers - Columbus, Ohio
Investment Insights
Based on property information with market context.
Located at 200 S Jefferson St in New Castle, Pennsylvania, this retail property contains 14,250 square feet and was constructed in 1969. The asset is being offered in as-is condition, with the sale subject to the property’s existing state.
Key Highlights
- 14,250‑square‑foot retail property
- Constructed in 1969
- 200 S Jefferson St, New Castle, PA 16101
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
$118,503
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
9.15%
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%
$2,370,060
$2.4M
Cap Rate 7%
$1,692,900
$1.7M
Cap Rate 9%
$1,316,700
$1.3M
Market Conditions
NOI Build-Up for 14,250 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
$188.1K $13.20/SF
− Vacancy
−$18.8K −$1.32/SF
EGI
$169.3K $11.88/SF
− OpEx
−$50.8K −$3.56/SF
NOI
$118.5K $8.32/SF
Area
Lawrence County, PA
Vacancy
10.00%
Lease Rate
$13.20 /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%
$2,370,060
Cap Rate 7%
$1,692,900
Cap Rate 9%
$1,316,700
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.98M
NOI $118,503 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$17.31M
$15.14M – $20.19M
NOI $1,211,568 @ 7.0% cap · market cap 93.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
59k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 50%
Dunkin' Donuts
Dining
13,423 visits/mo
0.4 miles
Burger King
Dining
11,747 visits/mo
0.2 miles
Speedway
Shops & Services
10,920 visits/mo
0.4 miles
Dollar Tree
Shops & Services
8,837 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,056 visits/mo
0.1 miles
Demographics for 16101, PA
31,960
Population
14,755
Households
2.2
Avg Household Size
44
Median Age
18%
College-Educated
92%
High-School Grad
69.2 sq mi
ZIP Area
462
Density / Sq Mi
$50,481
Median Household Income
$36,670
Median Earnings
$706
Median Rent
$109,600
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?
Retail space - Existing retail building offered in as-is condition.
Where is this retail space located?
The property is located at 200 S Jefferson St New Castle, PA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 14,250‑square‑foot retail property; Constructed in 1969; 200 S Jefferson St, New Castle, PA 16101
