Freestanding Single-Tenant Retail
For Sale
Contact for pricing
2920 Whiteford Rd, York, PA 17402
Freestanding retail building on a 1.26-acre parcel with direct access from Whiteford Road and common access with neighboring tenants.
Property Size8,004 SF
Lot Size1.26 Acres
Price / SF$175
Days on Market377
Property Features for 2920 Whiteford Rd
General Information
Standard status
Active
Size
8,004 SF
Lot size
1.26 Acres
Property subtype
RETAIL
Additional Details
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Bennett Williams Commercial - Lancaster
(717) 843-5555
Listed By:
Dave Nicholson · License #RS223285L
(717) 880-9611
Source:
Moodyscre
Added: Aug 1, 2025
Changed: Jul 29
Last Checked: Jul 29 at 6:00AM
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 - Lancaster
Investment Insights
Based on property information with market context.
The property is a freestanding, single-tenant retail building located on a 1.26-acre parcel. It is leased to Wicked Fireworks under a ground lease, providing NNN income. The site is designed for straightforward operations with direct access to and from Whiteford Road, along with common access shared with neighboring tenants.
Positioned along Whiteford Road, the property benefits from high visibility. The current structure supports a low-management model under the existing lease, with the opportunity for rent escalations upon lease renewal.
As a specialty retail asset with direct vehicular access and shared site connectivity, this location is well-suited for long-term, ground-lease-based income buyers seeking a freestanding setup.
Positioned along Whiteford Road, the property benefits from high visibility. The current structure supports a low-management model under the existing lease, with the opportunity for rent escalations upon lease renewal.
As a specialty retail asset with direct vehicular access and shared site connectivity, this location is well-suited for long-term, ground-lease-based income buyers seeking a freestanding setup.
Key Highlights
- Freestanding, single‑tenant retail property on a 1.26‑acre parcel along Whiteford Road
- Direct access to and from Whiteford Road plus common access with neighboring tenants
- Leased to Wicked Fireworks under a ground lease
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
$95,505
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
6.82%
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%
$1,910,100
$1.9M
Cap Rate 7%
$1,364,357
$1.4M
Cap Rate 9%
$1,061,167
$1.1M
Market Conditions
NOI Build-Up for 8,004 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
$144.1K $18.00/SF
− Vacancy
−$7.6K −$0.95/SF
EGI
$136.4K $17.05/SF
− OpEx
−$40.9K −$5.11/SF
NOI
$95.5K $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%
$1,910,100
Cap Rate 7%
$1,364,357
Cap Rate 9%
$1,061,167
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.59M
NOI $95,505 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,221 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
98k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Beauty & Spa 2%
Hotels & Casinos 1%
Home Improvements & Furnishings 1%
Rutters
Shops & Services
45,994 visits/mo
0.4 miles
Sheetz
Shops & Services
40,870 visits/mo
0.5 miles
Apple Ford of York
Shops & Services
2,780 visits/mo
0.1 miles
Cosmoprof
Beauty & Spa
1,655 visits/mo
0.3 miles
Toyota Of York
Shops & Services
1,439 visits/mo
0.3 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 - Freestanding retail building on a 1.26-acre parcel with direct access from Whiteford Road and common access with neighboring tenants.
Where is this nnn property located?
The property is located at 2920 Whiteford Rd York, PA.
What is the asking price?
The asking price for this property is $1,400,700.
What are key features of this property?
This property features: Freestanding, single‑tenant retail property on a 1.26‑acre parcel along Whiteford Road; Direct access to and from Whiteford Road plus common access with neighboring tenants; Leased to Wicked Fireworks under a ground lease
