Freestanding Bank Building with
For Sale
Contact for pricing
4200 W MARKET ST, York, PA 17408
Freestanding former bank building with existing drive-thru capabilities and direct frontage on West Market Street.
Property Size4,660 SF
Price / SF$118.03
Days on Market98
Property Features for 4200 W MARKET ST
General Information
Standard status
Active
Size
4,660 SF
Property subtype
Retail, Office
Lease Type
NNN
Investment Type
Owner/User
Additional Details
Road Access
Yes
Building Details
Year Built
1963
Stories
2
Units
2
Listing Agency:
Bennett Williams Commercial
Listed By:
Chad Stine · License #PA RS223285L
(717) 843-5555
Source:
Crexi
Added: Jun 3
Changed: Sep 8
Last Checked: Sep 7 at 5:03AM
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 Bennett Williams Commercial
Investment Insights
Based on property information with market context.
4200 W Market Street is a 4,660-square-foot freestanding former bank building suited for a variety of users and featuring existing drive-thru capabilities. The site offers full access and direct frontage on West Market Street.
The property is positioned along a key route connecting York, Thomasville, and Spring Grove, supporting visibility to daily traffic traveling the corridor.
The property is positioned along a key route connecting York, Thomasville, and Spring Grove, supporting visibility to daily traffic traveling the corridor.
Key Highlights
- 4,660‑SF freestanding former bank building
- Existing drive‑thru capabilities for service‑oriented uses
- Direct frontage and full access on West Market Street
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
$28,994
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
5.27%
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%
$579,880
$579.9K
Cap Rate 7%
$414,200
$414.2K
Cap Rate 9%
$322,156
$322.2K
Market Conditions
NOI Build-Up for 4,660 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
$40.8K $8.76/SF
− Vacancy
−$2.2K −$0.46/SF
EGI
$38.7K $8.30/SF
− OpEx
−$9.7K −$2.07/SF
NOI
$29.0K $6.22/SF
Area
York County, PA
Vacancy
5.30%
Lease Rate
$8.76 /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%
$579,880
Cap Rate 7%
$414,200
Cap Rate 9%
$322,156
Alternative Uses
Best Use
Retail
$794.3K
$695.1K – $926.7K
NOI $55,604 @ 7.0% cap · market cap 10.11%
Second Best
Specialty Retail
$414.2K
$362.4K – $483.2K
NOI $28,994 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,446 @ 7.0% cap · market cap 17.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sheetz
Shops & Services
40,375 visits/mo
0.3 miles
Rutters
Shops & Services
25,164 visits/mo
0.5 miles
Demographics for 17408, PA
24,187
Population
10,294
Households
2.3
Avg Household Size
46
Median Age
28%
College-Educated
96%
High-School Grad
26.8 sq mi
ZIP Area
903
Density / Sq Mi
$87,044
Median Household Income
$47,900
Median Earnings
$1,539
Median Rent
$240,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Freestanding former bank building with existing drive-thru capabilities and direct frontage on West Market Street.
Where is this bank located?
The property is located at 4200 W MARKET ST York, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,660‑SF freestanding former bank building; Existing drive‑thru capabilities for service‑oriented uses; Direct frontage and full access on West Market Street
