Retail Building with Established
For Sale
$2,448,817
2915 Whiteford Road, York, PA 17402
NNN retail building occupied by Goodwill and Men’s Warehouse with direct access to Whiteford Road.
Property Size9,535 SF
Price / SF$256.82
Days on Market423
Property Features for 2915 Whiteford Road
General Information
Standard status
Active
Size
9,535 SF
Property subtype
Commercial
Lease Term
[]
Additional Details
Business Included
Yes
Road Access
Yes
Building Details
Year Built
2002
Tenancy
Multi
Listing Agency:
Bennett Williams Realty,Inc.
(717) 843-5555
Listed By:
Bradley A Rohrbaugh · License #RS357432
Source:
Deepcreeklake
Added: Jul 6, 2025
Changed: Aug 31
Last Checked: Aug 31 at 8:06PM
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 Realty,Inc.
Investment Insights
Based on property information with market context.
Whiteford Road Shoppes is a retail building offered for sale with two tenants under NNN lease structures. The landlord is reimbursed for expenses, and both occupants are in place under NNN terms.
The property is located at 2915 Whiteford Road in York, PA, occupying a 9,535 SF retail building positioned along Whiteford Road for prominent visibility. The site includes direct access to and from Whiteford Road and provides common access shared with neighboring tenants.
The shopping location is anchored by Goodwill and Men’s Warehouse as tenants. The immediate retail environment includes prominent nearby national brands such as Target, Kohl’s, Marshalls, Boot Barn, and Dick’s Sporting Goods.
The property is located at 2915 Whiteford Road in York, PA, occupying a 9,535 SF retail building positioned along Whiteford Road for prominent visibility. The site includes direct access to and from Whiteford Road and provides common access shared with neighboring tenants.
The shopping location is anchored by Goodwill and Men’s Warehouse as tenants. The immediate retail environment includes prominent nearby national brands such as Target, Kohl’s, Marshalls, Boot Barn, and Dick’s Sporting Goods.
Key Highlights
- 9,535 SF retail building built in 2002 on Whiteford Road
- Currently occupied by Goodwill and Men's Warehouse under NNN leases
- Landlord reimbursed for expenses under the NNN lease structure
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
$113,774
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
4.65%
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%
$2,275,480
$2.3M
Cap Rate 7%
$1,625,343
$1.6M
Cap Rate 9%
$1,264,156
$1.3M
Market Conditions
NOI Build-Up for 9,535 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
$171.6K $18.00/SF
− Vacancy
−$9.1K −$0.95/SF
EGI
$162.5K $17.05/SF
− OpEx
−$48.8K −$5.11/SF
NOI
$113.8K $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%
$2,275,480
Cap Rate 7%
$1,625,343
Cap Rate 9%
$1,264,156
Alternative Uses
Best Use
Retail
$1.63M
$1.42M – $1.90M
NOI $113,774 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.76M
$2.42M – $3.22M
NOI $193,250 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
404k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 33%
Apparel 32%
Hotels & Casinos 1%
Boscov's
Apparel
66,752 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
46,504 visits/mo
0.4 miles
Texas Roadhouse
Dining
42,083 visits/mo
0.1 miles
Michaels
Shops & Services
35,045 visits/mo
0.4 miles
Rutters
Shops & Services
30,837 visits/mo
0.1 miles
Demographics for 17402, PA
36,978
Population
14,751
Households
2.5
Avg Household Size
43
Median Age
35%
College-Educated
91%
High-School Grad
18.7 sq mi
ZIP Area
1,977
Density / Sq Mi
$77,134
Median Household Income
$46,039
Median Earnings
$1,307
Median Rent
$247,800
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 - NNN retail building occupied by Goodwill and Men’s Warehouse with direct access to Whiteford Road.
Where is this retail space located?
The property is located at 2915 Whiteford Road York, PA.
What is the asking price?
The asking price for this property is $2,448,817.
What are key features of this property?
This property features: 9,535 SF retail building built in 2002 on Whiteford Road; Currently occupied by Goodwill and Men's Warehouse under NNN leases; Landlord reimbursed for expenses under the NNN lease structure
