Mixed-Use Property With Rental
For Sale
$600,000
2689 York Rd, Gettysburg, PA 17325
Existing leases and two additional spaces support a flexible commercial and residential occupancy arrangement.
Property Size2,076 SF
Lot Size1.65 Acres
Price / SF$289.02
Days on Market41
Property Features for 2689 York Rd
General Information
Standard status
Active
Size
2,076 SF
Lot size
1.65 Acres
Building Details
Year Built
1999
Tenancy
Multi
Listing Agency:
Samson Properties
(717) 476-9520
Listed By:
Petula Millhimes Yingling · License #RS210325L
Source:
Tbhteam
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 28 at 1:08PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This mixed-use property combines commercial and residential components across 1.65 acres along Route 30 in Gettysburg, Pennsylvania. The property includes a double-wide currently leased for residential use and an end unit occupied by a photography studio. Two additional spaces are prepared for leasing, creating four identified income-producing or lease-ready components within the property.
The combination of established occupancy and available space accommodates both business and residential uses in one location. Its position along Route 30 provides direct corridor exposure, while the multiple spaces allow the property to serve as a business location with additional rental components.
The combination of established occupancy and available space accommodates both business and residential uses in one location. Its position along Route 30 provides direct corridor exposure, while the multiple spaces allow the property to serve as a business location with additional rental components.
Key Highlights
- 1.65‑acre mixed‑use property along Route 30
- Double‑wide currently leased for residential use
- End unit occupied by a photography studio
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
$22,421
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
3.74%
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%
$448,420
$448.4K
Cap Rate 7%
$320,300
$320.3K
Cap Rate 9%
$249,122
$249.1K
Market Conditions
NOI Build-Up for 2,076 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
$37.4K $18.00/SF
− Vacancy
−$7.5K −$3.60/SF
EGI
$29.9K $14.40/SF
− OpEx
−$7.5K −$3.60/SF
NOI
$22.4K $10.80/SF
Area
Adams County, PA
Vacancy
20.00%
Lease Rate
$18.00 /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%
$448,420
Cap Rate 7%
$320,300
Cap Rate 9%
$249,122
Alternative Uses
Best Use
Office B
$320.3K
$280.3K – $373.7K
NOI $22,421 @ 7.0% cap · market cap 3.74%
Second Best
Mixed Use
$307.0K
$268.6K – $358.1K
NOI $21,487 @ 7.0% cap · market cap 3.58%
Theoretical Best
Specialty Retail
$382.4K
$334.6K – $446.1K
NOI $26,765 @ 7.0% cap · market cap 4.46%
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
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 17325, PA
27,879
Population
12,021
Households
2.3
Avg Household Size
45
Median Age
34%
College-Educated
92%
High-School Grad
126.0 sq mi
ZIP Area
221
Density / Sq Mi
$79,351
Median Household Income
$32,633
Median Earnings
$956
Median Rent
$278,800
Median Home Value
Market
Vacancy Rate% for Office 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 - Existing leases and two additional spaces support a flexible commercial and residential occupancy arrangement.
Where is this mixed-use property located?
The property is located at 2689 York Rd Gettysburg, PA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1.65‑acre mixed‑use property along Route 30; Double‑wide currently leased for residential use; End unit occupied by a photography studio
