Office Building with On-Site
For Sale
$999,000
309 N 5th St, Sunbury, PA 17801
Office property offering business occupancy potential with parking on both sides of the building.
Property Size8,300 SF
Price / SF$120.36
Days on Market12
Property Features for 309 N 5th St
General Information
Standard status
Active
Size
8,300 SF
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$11,233
Listing Agency:
BOWEN AGENCY INC., REALTORS - SUNBURY
(570) 286-8594
Listed By:
Aimee Jo Buehner · License #AB067406
(570) 274-7544
Source:
Exprealty
Added: Sep 10
Changed: Sep 19
Last Checked: Sep 20 at 12:51PM
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 BOWEN AGENCY INC., REALTORS - SUNBURY
Investment Insights
Based on property information with market context.
The property is an 8,300-square-foot office building at 309 N 5th St in Sunbury, Pennsylvania. It is offered as real estate only and may accommodate an owner-occupant or continued business use within the existing office setting.
Parking is available on both sides of the building. The owner currently covers the property’s expenses and utilities, providing a clearly defined operating arrangement for the current ownership period.
Parking is available on both sides of the building. The owner currently covers the property’s expenses and utilities, providing a clearly defined operating arrangement for the current ownership period.
Key Highlights
- 8,300‑square‑foot office building
- Parking available on both sides of the building
- Real estate only sale
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
$90,163
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
9.03%
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%
$1,803,260
$1.8M
Cap Rate 7%
$1,288,043
$1.3M
Cap Rate 9%
$1,001,811
$1.0M
Market Conditions
NOI Build-Up for 8,300 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
$141.4K $17.04/SF
− Vacancy
−$21.2K −$2.56/SF
EGI
$120.2K $14.48/SF
− OpEx
−$30.1K −$3.62/SF
NOI
$90.2K $10.86/SF
Area
Northumberland County, PA
Vacancy
15.00%
Lease Rate
$17.04 /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%
$1,803,260
Cap Rate 7%
$1,288,043
Cap Rate 9%
$1,001,811
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.50M
NOI $90,163 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$10.10M
$8.84M – $11.78M
NOI $706,956 @ 7.0% cap · market cap 70.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
Explore this area
Business Placement
Demographics for 17801, PA
16,332
Population
7,519
Households
2.2
Avg Household Size
43
Median Age
16%
College-Educated
91%
High-School Grad
66.1 sq mi
ZIP Area
247
Density / Sq Mi
$57,341
Median Household Income
$36,724
Median Earnings
$733
Median Rent
$140,800
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Office property offering business occupancy potential with parking on both sides of the building.
Where is this office building located?
The property is located at 309 N 5th St Sunbury, PA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 8,300‑square‑foot office building; Parking available on both sides of the building; Real estate only sale
