Mixed-Use Property with
For Sale
Contact for pricing
429 E Cumberland St, Lebanon, PA 17042
Mixed-use building with a versatile commercial unit and two residential units, plus off-street parking and Cumberland St visibility.
Property Size3,248 SF
Price / SF$138.24
Days on Market372
Property Features for 429 E Cumberland St
General Information
Standard status
Active
Size
3,248 SF
Property subtype
OFFICE
Additional Details
Multifamily Units
2
Amenities
off-street parking
Listing Agency:
Bennett Williams Commercial - Lancaster
(717) 500-1210
Listed By:
Joshua Miller · License #RS167691L
Source:
Moodyscre
Added: Aug 22, 2025
Changed: Aug 22
Last Checked: Aug 28 at 11:56AM
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 - Lancaster
Investment Insights
Based on property information with market context.
This mixed-use property includes a 3,248-square-foot building with one versatile commercial unit suitable for retail, office, or other business uses, along with two residential units. Off-street parking is available to support both commercial and residential needs.
Located at 429 E Cumberland St in Lebanon, the property benefits from visibility along Cumberland St, supporting strong street-facing exposure for the commercial space.
The layout provides a combined footprint for income-producing residential units alongside a flexible ground-floor commercial offering.
Located at 429 E Cumberland St in Lebanon, the property benefits from visibility along Cumberland St, supporting strong street-facing exposure for the commercial space.
The layout provides a combined footprint for income-producing residential units alongside a flexible ground-floor commercial offering.
Key Highlights
- 3,248 SF mixed‑use building at 429 E Cumberland St in Lebanon
- Versatile commercial unit on‑site with potential for retail, office, or other business uses
- Includes two residential units in addition to the commercial space
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
$32,886
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
7.32%
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%
$657,720
$657.7K
Cap Rate 7%
$469,800
$469.8K
Cap Rate 9%
$365,400
$365.4K
Market Conditions
NOI Build-Up for 3,248 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
$58.5K $18.00/SF
− Vacancy
−$5.8K −$1.80/SF
EGI
$52.6K $16.20/SF
− OpEx
−$19.7K −$6.07/SF
NOI
$32.9K $10.13/SF
Area
Lebanon County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$657,720
Cap Rate 7%
$469,800
Cap Rate 9%
$365,400
Alternative Uses
Best Use
Mixed Use
$469.8K
$411.1K – $548.1K
NOI $32,886 @ 7.0% cap · market cap 7.32%
Second Best
Retail
$436.0K
$381.5K – $508.7K
NOI $30,523 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$762.4K
$667.1K – $889.4K
NOI $53,366 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,791
Businesses Nearby
Explore this area
Business Placement
Demographics for 17042, PA
40,618
Population
17,067
Households
2.4
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
67.7 sq mi
ZIP Area
600
Density / Sq Mi
$76,399
Median Household Income
$45,429
Median Earnings
$1,096
Median Rent
$222,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with a versatile commercial unit and two residential units, plus off-street parking and Cumberland St visibility.
Where is this mixed-use property located?
The property is located at 429 E Cumberland St Lebanon, PA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 3,248 SF mixed‑use building at 429 E Cumberland St in Lebanon; Versatile commercial unit on‑site with potential for retail, office, or other business uses; Includes two residential units in addition to the commercial space
