Building Details

Units 3

Listing Agency: U.S. Commercial Realty

Listed By: Dwight Wagner · License #PA RM024200B Show Phone

Source: Crexi

Added: May 12, 2023 Changed: Oct 10 Last Checked: Oct 12 at 5:59PM

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Investment Insights

Based on property information with market context.

This retail space offers 7,500 square feet of area and is located on Old Philadelphia Pike. It is suitable for retail purposes.

Key Highlights

• Retail Property
• 7,500 SqFt of space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$88,263

Cap Rate

8.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,765,260 $1.8M

Cap Rate 7%

$1,260,900 $1.3M

Cap Rate 9%

$980,700 $980.7K

Market Conditions

NOI Build-Up for 7,500 SF

Gross rent

$135.0K $18.00/SF

− Vacancy

−$8.9K −$1.19/SF

EGI

$126.1K $16.81/SF

− OpEx

−$37.8K −$5.04/SF

NOI

$88.3K $11.77/SF

Area

Lancaster County, PA

Vacancy

6.60%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,765,260

Cap Rate 7%

$1,260,900

Cap Rate 9%

$980,700

Alternative Uses

Best Use

Retail

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,263 @ 7.0% cap · market cap 8.02%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.51M

$2.20M – $2.93M (±1% cap)

NOI $175,931 @ 7.0% cap · market cap 15.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick HVAC Service Pharmacy Real Estate Agency Storage Facility Plumbing Service Grocery & Convenience Store

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

296

Businesses Nearby

Explore this area Business Placement

Demographics for 17534, PA

116

Population

17

Households

6.8

Avg Household Size

51

Median Age

0.3 sq mi

ZIP Area

387

Density / Sq Mi

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - 7,500 SqFt retail space available for sale.

Where is this retail space located?

The property is located at 3474 Old Philadelphia Pike Unit #2 Intercourse, PA.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Retail Property; 7,500 SqFt of space