Two-Building Retail
For Sale
$1,800,000
601 Old York Road, Etters, PA 17319
Single-parcel commercial offering with established food-service and beverage-distribution occupants.
Property Size8,200 SF
Days on Market192
Property Features for 601 Old York Road
General Information
Standard status
Active
Size
8,200 SF
Property subtype
Street Retail
Building Details
Building Size
8,200 SF
Listing Agency:
NAI | CIR
(717) 761-5070
Listed By:
William Gladstone, CCIM, SIOR
(717) 761-5070
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 5:07PM
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 NAI | CIR
Investment Insights
Based on property information with market context.
This retail property comprises two maintained commercial buildings on one parcel. The existing occupants include a pizza and sub shop and a beer and soda distributor, with both businesses operating at the property for many years.
The buildings are positioned at the corner of Old York Road and Wyndamere Road in Etters, Pennsylvania. The property is accessed from the Fishing Creek exit of I-83, providing a location along a well-traveled corridor. Long-term occupancy is established across both commercial buildings.
The buildings are positioned at the corner of Old York Road and Wyndamere Road in Etters, Pennsylvania. The property is accessed from the Fishing Creek exit of I-83, providing a location along a well-traveled corridor. Long-term occupancy is established across both commercial buildings.
Key Highlights
- Two commercial buildings situated on a single parcel
- Established pizza and sub shop occupant
- Beer and soda distributor occupant
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
$97,844
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
5.44%
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%
$1,956,880
$2.0M
Cap Rate 7%
$1,397,771
$1.4M
Cap Rate 9%
$1,087,156
$1.1M
Market Conditions
NOI Build-Up for 8,200 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
$147.6K $18.00/SF
− Vacancy
−$7.8K −$0.95/SF
EGI
$139.8K $17.05/SF
− OpEx
−$41.9K −$5.11/SF
NOI
$97.8K $11.93/SF
Area
York County, PA
Vacancy
5.30%
Lease Rate
$18.00 /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%
$1,956,880
Cap Rate 7%
$1,397,771
Cap Rate 9%
$1,087,156
Alternative Uses
Best Use
Retail
$1.40M
$1.22M – $1.63M
NOI $97,844 @ 7.0% cap · market cap 5.44%
Second Best
Specialty Retail
$728.8K
$637.7K – $850.3K
NOI $51,019 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,193 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 17319, PA
10,950
Population
4,386
Households
2.5
Avg Household Size
40
Median Age
25%
College-Educated
98%
High-School Grad
16.8 sq mi
ZIP Area
652
Density / Sq Mi
$101,610
Median Household Income
$48,737
Median Earnings
$1,147
Median Rent
$230,100
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?
Retail space - Single-parcel commercial offering with established food-service and beverage-distribution occupants.
Where is this retail space located?
The property is located at 601 Old York Road Etters, PA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two commercial buildings situated on a single parcel; Established pizza and sub shop occupant; Beer and soda distributor occupant
