Storefront Property With Private
For Sale
$339,900
632 MAIN STREET, Lykens, PA 17048
Storefront asset with multiple HVAC options, electric water heating, and private driveway access.
Property Size2,781 SF
Days on Market85
Property Features for 632 MAIN STREET
General Information
Standard status
Active
Size
2,781 SF
Total Parking Spaces
2
Zoning
COMMERICAL
Net Operating Income
$40,050
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,330
Amenities
Central Air, Ductless, Electric
Oil, Steam
Electric Water Heater
Private, Driveway
Building Details
Building Size
2,781 SF
Year Built
1860
Listing Agency:
Keller Williams Elite
(717) 203-5528
Listed By:
Andrew Bartlett · License #RS337521
(717) 203-5528
Source:
Evrealestate
Added: May 20
Changed: Aug 12
Last Checked: Aug 12 at 4:41AM
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 Keller Williams Elite
Investment Insights
Based on property information with market context.
This storefront property at 632 Main Street includes central air, ductless, and electric systems, along with oil and steam heating. An electric water heater serves the building, and the site includes a private driveway. Constructed in 1860, the property is identified with COMMERICAL zoning and is located in Lykens, Dauphin County, Pennsylvania.
From the traffic light in Elizabethville, the property is reached by traveling 6.6 miles north on Route 209; it is positioned on the right side of the route. The address is 632 Main Street, Lykens, PA 17048.
From the traffic light in Elizabethville, the property is reached by traveling 6.6 miles north on Route 209; it is positioned on the right side of the route. The address is 632 Main Street, Lykens, PA 17048.
Key Highlights
- Storefront property at 632 Main Street, Lykens, PA 17048
- COMMERICAL zoning designation
- Central air, ductless, and electric systems
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
$27,886
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
8.20%
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%
$557,720
$557.7K
Cap Rate 7%
$398,371
$398.4K
Cap Rate 9%
$309,844
$309.8K
Market Conditions
NOI Build-Up for 2,781 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
$41.7K $15.00/SF
− Vacancy
−$1.9K −$0.68/SF
EGI
$39.8K $14.33/SF
− OpEx
−$12.0K −$4.30/SF
NOI
$27.9K $10.03/SF
Area
Dauphin County, PA
Vacancy
4.50%
Lease Rate
$15.00 /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%
$557,720
Cap Rate 7%
$398,371
Cap Rate 9%
$309,844
Alternative Uses
Best Use
Retail
$398.4K
$348.6K – $464.8K
NOI $27,886 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.12M
$4.48M – $5.98M
NOI $358,540 @ 7.0% cap · market cap 105.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 17048, PA
4,006
Population
1,771
Households
2.3
Avg Household Size
41
Median Age
13%
College-Educated
86%
High-School Grad
33.7 sq mi
ZIP Area
119
Density / Sq Mi
$72,873
Median Household Income
$45,496
Median Earnings
$809
Median Rent
$136,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront asset with multiple HVAC options, electric water heating, and private driveway access.
Where is this storefront property located?
The property is located at 632 MAIN STREET Lykens, PA.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Storefront property at 632 Main Street, Lykens, PA 17048; COMMERICAL zoning designation; Central air, ductless, and electric systems
