Building Details

Stories 1

Construction rustic brick

Listing Agency: Bennett Williams Commercial

Listed By: Ryan Myers · License #RS217452L Show Phone

Source: Bennettwilliams

Added: Jul 22 Changed: Oct 6 Last Checked: Oct 16 at 5:37AM

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Investment Insights

Based on property information with market context.

This mixed-use property combines a single-story commercial building of approximately 2,100 SF with roughly 1,600 SF of outbuildings and a 3-bedroom, 2-bathroom residence. The commercial structure has rustic brick construction and two handicap-accessible restrooms, while the residential component includes a fenced yard and garage. Together, the improvements provide 3,700 SF of building area across a 0.72-acre parcel.

The property fronts the Lincoln Highway corridor in Thomasville, York County, with access to the broader York County market and Adams County, including Gettysburg and Hanover. The site includes parking and outdoor space to support the commercial and residential uses.

Key Highlights

• Approximately 2,100 SF single‑story commercial building with rustic brick construction
• Approximately 1,600 SF of outbuildings
• 3‑bedroom, 2‑bathroom residence with fenced yard and garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,295

Suggested Prices Based on Cap Rates

Cap Rate 5%

$765,900 $765.9K

Cap Rate 7%

$547,071 $547.1K

Cap Rate 9%

$425,500 $425.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,700 SF

Gross rent

$66.6K $18.00/SF

− Vacancy

−$5.3K −$1.44/SF

EGI

$61.3K $16.56/SF

− OpEx

−$23.0K −$6.21/SF

NOI

$38.3K $10.35/SF

Area

York County, PA

Vacancy

8.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$765,900

Cap Rate 7%

$547,071

Cap Rate 9%

$425,500

Alternative Uses

Best Use

Office B

$842.7K

$737.4K – $983.2K (±1% cap)

NOI $58,989 @ 7.0% cap · market cap 1,999.63%

Second Best

Retail

$630.7K

$551.9K – $735.8K (±1% cap)

NOI $44,149 @ 7.0% cap · market cap 1,496.58%

Theoretical Best

Office A

$1.07M

$937.4K – $1.25M (±1% cap)

NOI $74,990 @ 7.0% cap · market cap 2,542.03%

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

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Hair Salon Garden Center Bakery Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

8

Businesses Nearby

Explore this area Business Placement

Demographics for 17364, PA

4,075

Population

1,672

Households

2.4

Avg Household Size

44

Median Age

12%

College-Educated

92%

High-School Grad

17.4 sq mi

ZIP Area

234

Density / Sq Mi

$71,799

Median Household Income

$45,965

Median Earnings

$913

Median Rent

$204,400

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Single-story commercial space is paired with a three-bedroom residence, creating a combined live-work configuration on one parcel.

Where is this mixed-use property located?

The property is located at 5234 W Lincoln Hwy Thomasville, PA.

What are key features of this property?

This property features: Approximately 2,100 SF single‑story commercial building with rustic brick construction; Approximately 1,600 SF of outbuildings; 3‑bedroom, 2‑bathroom residence with fenced yard and garage