NNN Retail
For Sale
$2,448,817
2915 WHITEFORD Road, York, PA 17402
Commercial Sale, YORK, PA
Property Size9,535 SF
Lot Size0.97 Acres
Price / SF$256.82
Days on Market221
Property Features for 2915 WHITEFORD Road
General Information
Property type
Other
Property subtype
Retail
Parking
25
Parking features
Parking Lot
Elementary school district
CENTRAL YORK
Middle school district
CENTRAL YORK
High school district
CENTRAL YORK
Standard status
Active
Lot size
0.97 Acres
Taxes and HOA fees
Tax Annual Amount
29243
Utilities
Heating system
Forced Air
Building Details
Year built
2002
Number of units
2
Building materials
Brick
Listing Agency:
Bennett Williams Realty, Inc.
Listed By:
Bradley A Rohrbaugh · License #RS223194L
(717) 843-5555
Added: Jan 30
Changed: Sep 5
Last Checked: Sep 8 at 12:06AM
MLS# PAYK2097052
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Whiteford Road Shoppes is a 9,535-square-foot brick retail building constructed in 2002. Goodwill and Men's Warehouse occupy the property under NNN leases, with operating expenses reimbursed to the landlord. The site includes forced-air heating and a dedicated parking lot.
The property sits on 0.97 acres with direct access to Whiteford Road and shared access with neighboring tenants. Nearby retail brands include Target, Kohl's, Marshalls, Boot Barn, and Dick's Sporting Goods, placing the building within an established retail setting in York, Pennsylvania.
The property sits on 0.97 acres with direct access to Whiteford Road and shared access with neighboring tenants. Nearby retail brands include Target, Kohl's, Marshalls, Boot Barn, and Dick's Sporting Goods, placing the building within an established retail setting in York, Pennsylvania.
Key Highlights
- 9,535 SF brick retail building on 0.97 acres
- Goodwill and Men's Warehouse are the current tenants
- Both tenants occupy the property under NNN leases
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
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?
NNN property - Brick retail building occupied by two tenants under NNN leases with landlord expense reimbursement.
Where is this nnn property 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 brick retail building on 0.97 acres; Goodwill and Men's Warehouse are the current tenants; Both tenants occupy the property under NNN leases
