Storefront Building with
For Sale
$875,000
55 W Main St, Waynesboro, PA 17268
Double storefront configuration with loading access and an open commercial layout.
Property Size12,038 SF
Price / SF$72.69
Days on Market48
Property Features for 55 W Main St
General Information
Standard status
Active
Size
12,038 SF
Total Parking Spaces
10
Site & Location
Traffic Count
13,000 vehicles/day
Road Access
Yes
Additional Details
Business Included
Yes
Amenities
double storefront
open floor plan
mezzanine
loading docks
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Iron Valley Real Estate of Waynesboro
Listed By:
Joshua R. Mummert · License #RM424568
(717) 729-3151
Source:
Selltheshore
Added: Jul 30
Changed: Sep 13
Last Checked: Sep 14 at 7:57PM
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 Waynesboro
Investment Insights
Based on property information with market context.
This 12,038-square-foot storefront property includes a double storefront, expansive open floor plan, and mezzanine level. The building has a roof installed in 2019, two loading docks, rear and curbside access, and 10 privately owned off-street parking spaces. The third floor was previously used for offices and an apartment and is identified for restoration or redevelopment. The space has been described for retail, showroom, warehouse, and light manufacturing uses.
An established sports apparel and screen-printing business is also included. Operating for 20 years, the business provides custom team uniforms, athletic jerseys, screen printing, trophies and awards, seasonal custom apparel, and orders for local school and community sports teams. The current operation is run by 2–3 employees, and owner training is available. The property is located on W Main Street in Waynesboro, Pennsylvania, with an approximate traffic count of 13,000 vehicles per day.
An established sports apparel and screen-printing business is also included. Operating for 20 years, the business provides custom team uniforms, athletic jerseys, screen printing, trophies and awards, seasonal custom apparel, and orders for local school and community sports teams. The current operation is run by 2–3 employees, and owner training is available. The property is located on W Main Street in Waynesboro, Pennsylvania, with an approximate traffic count of 13,000 vehicles per day.
Key Highlights
- 12,038 square feet of commercial space with an expansive open floor plan and mezzanine
- Double storefront on W Main Street in Waynesboro, Pennsylvania
- Roof installed in 2019
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
$70,240
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
8.03%
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%
$1,404,800
$1.4M
Cap Rate 7%
$1,003,429
$1.0M
Cap Rate 9%
$780,444
$780.4K
Market Conditions
NOI Build-Up for 12,038 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
$106.3K $8.83/SF
− Vacancy
−$6.0K −$0.49/SF
EGI
$100.3K $8.34/SF
− OpEx
−$30.1K −$2.50/SF
NOI
$70.2K $5.83/SF
Area
Franklin County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
30.00%
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%
$1,404,800
Cap Rate 7%
$1,003,429
Cap Rate 9%
$780,444
Alternative Uses
Best Use
Retail
$1.62M
$1.41M – $1.89M
NOI $113,127 @ 7.0% cap · market cap 12.93%
Second Best
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $84,206 @ 7.0% cap · market cap 9.62%
Theoretical Best
Office A
$2.92M
$2.55M – $3.41M
NOI $204,319 @ 7.0% cap · market cap 23.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
13,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17268, PA
29,587
Population
12,693
Households
2.3
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
77.8 sq mi
ZIP Area
380
Density / Sq Mi
$69,715
Median Household Income
$44,106
Median Earnings
$1,081
Median Rent
$225,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Martin's Floral — Waynesboro, PA 17268
Frequently Asked Questions
What type of property is this?
Storefront property - Double storefront configuration with loading access and an open commercial layout.
Where is this storefront property located?
The property is located at 55 W Main St Waynesboro, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 12,038 square feet of commercial space with an expansive open floor plan and mezzanine; Double storefront on W Main Street in Waynesboro, Pennsylvania; Roof installed in 2019
