Mixed-Use Property with Auto
New
For Sale
$1,595,000
3525 COLUMBIA AVENUE, Lancaster, PA 17603
A residence sits in front of an air-conditioned garage equipped for vehicle service.
Property Size4,890 SF
Price / SF$326.18
Days on Market4
Property Features for 3525 COLUMBIA AVENUE
General Information
Standard status
Active
Size
4,890 SF
Total Parking Spaces
6
Property subtype
Commercial
Additional Details
Service Bays
4
Amenities
air conditioning
drive-in doors
Building Details
Year Built
1930
Buildings
2
Abandoned
No
Listing Agency:
U.S. Commercial Realty
(717) 735-6000
Listed By:
Matthew M Czaus
(717) 575-7279
Source:
Cummingsrealtors
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 23 at 1:55PM
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 U.S. Commercial Realty
Investment Insights
Based on property information with market context.
This 4,890 SF mixed-use property combines a residential home with an air-conditioned garage. The garage accommodates 5–6 vehicles indoors and has four vehicle lifts and two large drive-in doors. An approximately 11,000 SF parking lot is located behind the garage.
The inventory inside the garage may be included in a sale by negotiation.
The inventory inside the garage may be included in a sale by negotiation.
Key Highlights
- 4,890 SF mixed‑use property with a residence and garage
- Air‑conditioned garage with room for 5‑6 vehicles indoors
- Four vehicle lifts and two large drive‑in doors
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
$80,958
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
5.08%
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%
$1,619,160
$1.6M
Cap Rate 7%
$1,156,543
$1.2M
Cap Rate 9%
$899,533
$899.5K
Market Conditions
NOI Build-Up for 4,890 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
$125.6K $25.68/SF
− Vacancy
−$17.6K −$3.61/SF
EGI
$107.9K $22.07/SF
− OpEx
−$27.0K −$5.52/SF
NOI
$81.0K $16.56/SF
Area
Lancaster County, PA
Vacancy
14.04%
Lease Rate
$25.68 /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%
$1,619,160
Cap Rate 7%
$1,156,543
Cap Rate 9%
$899,533
Alternative Uses
Best Use
Office B
$1.16M
$1.01M – $1.35M
NOI $80,958 @ 7.0% cap · market cap 5.08%
Second Best
Mixed Use
$867.6K
$759.2K – $1.01M
NOI $60,734 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,707 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 17603, PA
66,739
Population
28,142
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
30.0 sq mi
ZIP Area
2,225
Density / Sq Mi
$77,156
Median Household Income
$40,043
Median Earnings
$1,265
Median Rent
$244,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Mixed-use property - A residence sits in front of an air-conditioned garage equipped for vehicle service.
Where is this mixed-use property located?
The property is located at 3525 COLUMBIA AVENUE Lancaster, PA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 4,890 SF mixed‑use property with a residence and garage; Air‑conditioned garage with room for 5‑6 vehicles indoors; Four vehicle lifts and two large drive‑in doors
