Building Details

Year Built 1959

Listing Agency: Iron Valley Real Estate of Central PA i***@gmail.com Show Phone

Listed By: Nathan R Daniels · License #RS343649 Show Phone

Source: Cummingsrealtors

Added: Oct 16 Changed: Oct 19 Last Checked: Oct 19 at 2:41PM

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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 Iron Valley Real Estate of Central PA

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Investment Insights

Based on property information with market context.

Located at 40 N Market Street in Elizabethville, this mixed-use property includes a main building with an open layout, several private offices, a connecting hallway, two bathrooms, and storage. A separate office building sits at the rear and has its own entrance.

The property was built in 1959. The existing hair salon business is excluded from the sale.

Key Highlights

• Separate rear office building with its own entrance
• Main building includes multiple private offices, two bathrooms, and storage
• Built in 1959

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,187

Cap Rate

7.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$343,740 $343.7K

Cap Rate 7%

$245,529 $245.5K

Cap Rate 9%

$190,967 $191.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,714 SF

Gross rent

$25.7K $15.00/SF

− Vacancy

−$1.2K −$0.68/SF

EGI

$24.6K $14.33/SF

− OpEx

−$7.4K −$4.30/SF

NOI

$17.2K $10.03/SF

Area

Dauphin County, PA

Vacancy

4.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$343,740

Cap Rate 7%

$245,529

Cap Rate 9%

$190,967

Alternative Uses

Best Use

Mixed Use

$297.5K

$260.3K – $347.1K (±1% cap)

NOI $20,825 @ 7.0% cap · market cap 9.47%

Second Best

Retail

$245.5K

$214.8K – $286.5K (±1% cap)

NOI $17,187 @ 7.0% cap · market cap 7.82%

Theoretical Best

Specialty Retail

$3.16M

$2.76M – $3.68M (±1% cap)

NOI $220,977 @ 7.0% cap · market cap 100.49%

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

Property Analytics

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Current Use

Creative Images By ... Hair Salon

Suggested Use

Top Pick Auto Parts Store HVAC Service Real Estate Agency Storage Facility Furniture & Home Goods 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.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

168

Businesses Nearby

21k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 93% Dining 7%

Shell Shops & Services

7,987 visits/mo 0.4 miles

Citgo Shops & Services

7,235 visits/mo 0.1 miles

Truist Shops & Services

3,622 visits/mo 0.2 miles

SUBWAY Dining

1,523 visits/mo 0.1 miles

Fisher Auto Parts Shops & Services

372 visits/mo 0.3 miles

Demographics for 17023, PA

3,298

Population

1,453

Households

2.3

Avg Household Size

43

Median Age

22%

College-Educated

88%

High-School Grad

20.5 sq mi

ZIP Area

161

Density / Sq Mi

$77,305

Median Household Income

$42,845

Median Earnings

$712

Median Rent

$200,400

Median Home Value

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

Frequently Asked Questions

What type of property is this?

Mixed-use property - The main building has private offices, two bathrooms, and dedicated storage space.

Where is this mixed-use property located?

The property is located at 40 N MARKET STREET Elizabethville, PA.

What is the asking price?

The asking price for this property is $219,900.

What are key features of this property?

This property features: Separate rear office building with its own entrance; Main building includes multiple private offices, two bathrooms, and storage; Built in 1959