Building Details

Building Size 1,468 SF

Year Built 1925

Listing Agency: Howard Hanna Real Estate Services-York r***@gmail.com Show Phone

Listed By: Ross F Stanard Show Phone

Source: Evrealestate

Added: Apr 14 Changed: Aug 11 Last Checked: Aug 11 at 7:22AM

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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 Howard Hanna Real Estate Services-York

Investment Insights

Based on property information with market context.

This residential income property features a Colonial exterior, off-street parking, natural-gas service, and forced-air heating. Additional interior details include electric service and a full feature, while the property also includes a gas water heater. The structure dates to 1925.

The property is located at 298 N Main Street in Yoe, Pennsylvania, within York County. Access is described from Route 24 via Lombard to Main Street, with the property positioned on the right.

Key Highlights

• Colonial exterior with off‑street parking
• Natural‑gas service with forced‑air heating
• Gas water heater

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

$13,530

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

5.03%

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%

$270,600 $270.6K

Cap Rate 7%

$193,286 $193.3K

Cap Rate 9%

$150,333 $150.3K

Market Conditions

NOI Build-Up for 1,468 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

$25.9K $17.64/SF

− Vacancy

−$1.3K −$0.88/SF

EGI

$24.6K $16.76/SF

− OpEx

−$11.1K −$7.54/SF

NOI

$13.5K $9.22/SF

Area

York County, PA

Vacancy

5.00%

Lease Rate

$17.64 /SF/Yr

Expense Ratio

45.00%

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%

$270,600

Cap Rate 7%

$193,286

Cap Rate 9%

$150,333

Alternative Uses

Best Use

Apartment 5plus

$193.3K

$169.1K – $225.5K (±1% cap)

NOI $13,530 @ 7.0% cap · market cap 5.03%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$425.0K

$371.9K – $495.9K (±1% cap)

NOI $29,753 @ 7.0% cap · market cap 11.06%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant HVAC Service Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

313

Businesses Nearby

Explore this area Business Placement

Demographics for 17313, PA

10,755

Population

4,649

Households

2.3

Avg Household Size

39

Median Age

29%

College-Educated

93%

High-School Grad

9.8 sq mi

ZIP Area

1,097

Density / Sq Mi

$67,520

Median Household Income

$43,773

Median Earnings

$1,078

Median Rent

$229,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Residential income property - Colonial-style property with natural-gas forced-air heat and off-street parking.

Where is this residential income property located?

The property is located at 298 N MAIN STREET Yoe, PA.

What is the asking price?

The asking price for this property is $269,000.

What are key features of this property?

This property features: Colonial exterior with off‑street parking; Natural‑gas service with forced‑air heating; Gas water heater