Two-Story Mixed-Use
For Sale
Contact for pricing
891 Baltimore Pike, Springfield, PA 19064
The fully leased property includes ample parking and has undergone recent improvements, including a new roof.
Property Size13,100 SF
Price / SF$267.18
Days on Market130
Property Features for 891 Baltimore Pike
General Information
Standard status
Active
Size
13,100 SF
Total Parking Spaces
52
Property subtype
Retail, Office, Mixed Use
Zoning
Business
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Renovated
2025
Buildings
1
Stories
2
Units
52
Tenancy
Multi
Building Size
13,100 SF
Listing Agency:
Karmar Realty Group
(610) 459-8585
Listed By:
Justin Soss · License #PA
Source:
Crexi
Added: Apr 24
Changed: Aug 31
Last Checked: Aug 31 at 5:14AM
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 Karmar Realty Group
Investment Insights
Based on property information with market context.
Located at 891 Baltimore Pike in Springfield, Pennsylvania, this 13,100-square-foot mixed-use commercial building is arranged across two stories. The property is fully leased and includes ample parking.
Recent improvements include installation of a new roof. Business zoning is in place, supporting the property’s established commercial use. The building’s combination of leased occupancy, two-story configuration, parking, and updated roofing provides a clear summary of its physical and operational profile.
Recent improvements include installation of a new roof. Business zoning is in place, supporting the property’s established commercial use. The building’s combination of leased occupancy, two-story configuration, parking, and updated roofing provides a clear summary of its physical and operational profile.
Key Highlights
- 13,100 +/- SF commercial building
- Fully leased property
- Two‑story building configuration
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
$142,305
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
4.07%
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%
$2,846,100
$2.8M
Cap Rate 7%
$2,032,929
$2.0M
Cap Rate 9%
$1,581,167
$1.6M
Market Conditions
NOI Build-Up for 13,100 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
$223.2K $17.04/SF
− Vacancy
−$33.5K −$2.56/SF
EGI
$189.7K $14.48/SF
− OpEx
−$47.4K −$3.62/SF
NOI
$142.3K $10.86/SF
Area
Northumberland County, PA
Vacancy
15.00%
Lease Rate
$17.04 /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%
$2,846,100
Cap Rate 7%
$2,032,929
Cap Rate 9%
$1,581,167
Alternative Uses
Best Use
Office B
$2.03M
$1.78M – $2.37M
NOI $142,305 @ 7.0% cap · market cap 4.07%
Second Best
Retail
$1.52M
$1.33M – $1.77M
NOI $106,365 @ 7.0% cap · market cap 3.04%
Theoretical Best
Warehouse
$15.94M
$13.95M – $18.60M
NOI $1,115,798 @ 7.0% cap · market cap 31.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 19064, PA
25,045
Population
8,839
Households
2.8
Avg Household Size
42
Median Age
48%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
3,527
Density / Sq Mi
$132,230
Median Household Income
$71,515
Median Earnings
$1,511
Median Rent
$389,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The fully leased property includes ample parking and has undergone recent improvements, including a new roof.
Where is this mixed-use property located?
The property is located at 891 Baltimore Pike Springfield, PA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 13,100 +/- SF commercial building; Fully leased property; Two‑story building configuration
