Single-Story Storefront
For Sale
$239,900
500 Hansen Avenue, Lyndora, PA 16045
C-2-zoned commercial building with frontage along two streets and a compact, single-level layout.
Property Size1,250 SF
Lot Size0.09 Acres
Price / SF$191.92
Days on Market68
Property Features for 500 Hansen Avenue
General Information
Standard status
Active
Size
1,250 SF
Lot size
0.09 Acres
Property subtype
Retail
Zoning
C-2
Building Details
Building Size
1,250 SF
Year Built
1980
Buildings
1
Stories
1
Listing Agency:
Pennsylvania Commercial Real Estate, Inc.
(412) 720-8279
Listed By:
Porter Scott
(412) 720-8279
Source:
Penncom
Added: Jun 25
Changed: Aug 30
Last Checked: Aug 30 at 5:25PM
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 Pennsylvania Commercial Real Estate, Inc.
Investment Insights
Based on property information with market context.
Located at 500 Hansen Avenue in Homeacre-Lyndora, PA, this single-story storefront property contains approximately 1,250 SF on a .09-acre lot. The building was constructed in 1980 and is classified under C-2 zoning.
The parcel occupies a midpoint position along frontage on two streets, giving the property exposure from both sides. Its compact commercial format and storefront-oriented configuration support consideration for retail or office occupancy, subject to applicable zoning requirements.
The parcel occupies a midpoint position along frontage on two streets, giving the property exposure from both sides. Its compact commercial format and storefront-oriented configuration support consideration for retail or office occupancy, subject to applicable zoning requirements.
Key Highlights
- Approximately 1,250 SF of building area
- Single‑story commercial configuration
- Situated on a .09‑acre lot
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
$13,500
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
5.63%
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%
$270,000
$270.0K
Cap Rate 7%
$192,857
$192.9K
Cap Rate 9%
$150,000
$150.0K
Market Conditions
NOI Build-Up for 1,250 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
$18.8K $15.00/SF
− Vacancy
−$750 −$0.60/SF
EGI
$18.0K $14.40/SF
− OpEx
−$4.5K −$3.60/SF
NOI
$13.5K $10.80/SF
Area
Butler County, PA
Vacancy
4.00%
Lease Rate
$15.00 /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%
$270,000
Cap Rate 7%
$192,857
Cap Rate 9%
$150,000
Alternative Uses
Best Use
Specialty Retail
$192.9K
$168.8K – $225.0K
NOI $13,500 @ 7.0% cap · market cap 5.63%
Second Best
Retail
$180.0K
$157.5K – $210.0K
NOI $12,600 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$318.4K
$278.6K – $371.5K
NOI $22,288 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
80k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 17%
Home Improvements & Furnishings 1%
Gabe's
Shops & Services
34,696 visits/mo
0.2 miles
Speedway
Shops & Services
13,141 visits/mo
0.2 miles
Arby's
Dining
9,738 visits/mo
0.1 miles
Jo-Ann Fabric and Craft
Shops & Services
8,107 visits/mo
0.2 miles
Family Dollar
Shops & Services
4,568 visits/mo
0.2 miles
Demographics for 16045, PA
1,195
Population
645
Households
1.9
Avg Household Size
44
Median Age
23%
College-Educated
89%
High-School Grad
0.6 sq mi
ZIP Area
1,992
Density / Sq Mi
$69,750
Median Household Income
$36,023
Median Earnings
$1,060
Median Rent
$118,800
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?
Storefront property - C-2-zoned commercial building with frontage along two streets and a compact, single-level layout.
Where is this storefront property located?
The property is located at 500 Hansen Avenue Lyndora, PA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Approximately 1,250 SF of building area; Single‑story commercial configuration; Situated on a .09‑acre lot
