Retail Center on Jonestown
For Sale
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5430 Jonestown Rd, Harrisburg, PA 17112
Retail center on Harrisburg's East Shore main retail corridor.
Property Size18,207 SF
Price / SF$148.29
Days on Market891
Property Features for 5430 Jonestown Rd
General Information
Standard status
Active
Size
18,207 SF
Class
A
Total Parking Spaces
57
Property subtype
Retail
Zoning
CN Commercial Neighborhood
Occupancy
50%
Lease Type
NNN
Net Operating Income
$225,000
Building Details
Stories
1
Tenancy
Multi
Listing Agency:
Landmark Commercial Realty
Listed By:
Chuck Heller · License #PA
(717) 731-1990
Source:
Crexi
Added: Mar 28, 2024
Changed: Aug 25
Last Checked: Sep 1 at 12:02PM
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 Landmark Commercial Realty
Investment Insights
Based on property information with market context.
This retail center is located along Harrisburg’s East Shore main retail corridor, Jonestown Road (Rt 22). The property, with a size of 18207 square feet, is currently owned by Sofa Selections, who plan to vacate their 10,000 square feet space. Situated at the intersection of Jonestown Road and Allentown Boulevard, this high-profile location provides high-visibility, making it an ideal location for any user who desires it. This presents a unique owner/occupier investment opportunity.
Key Highlights
- High‑profile location at the intersection of Jonestown Road and Allentown Boulevard.
- Located along Harrisburg’s East Shore main retail corridor, Jonestown Road (Rt 22).
- 10,000 SF space available** due to current owner vacating.
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
$182,571
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
6.76%
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%
$3,651,420
$3.7M
Cap Rate 7%
$2,608,157
$2.6M
Cap Rate 9%
$2,028,567
$2.0M
Market Conditions
NOI Build-Up for 18,207 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
$273.1K $15.00/SF
− Vacancy
−$12.3K −$0.68/SF
EGI
$260.8K $14.33/SF
− OpEx
−$78.2K −$4.30/SF
NOI
$182.6K $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%
$3,651,420
Cap Rate 7%
$2,608,157
Cap Rate 9%
$2,028,567
Alternative Uses
Best Use
Retail
$2.61M
$2.28M – $3.04M
NOI $182,571 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$33.53M
$29.34M – $39.12M
NOI $2,347,337 @ 7.0% cap · market cap 86.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
381k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 35%
Shops & Services 35%
Dining 18%
Home Improvements & Furnishings 10%
Kohl's
Apparel
56,048 visits/mo
0.3 miles
Marshalls
Apparel
55,754 visits/mo
0.5 miles
McDonald's
Dining
33,746 visits/mo
0.3 miles
Michaels
Shops & Services
30,492 visits/mo
0.4 miles
HomeGoods
Home Improvements & Furnishings
28,990 visits/mo
0.4 miles
Demographics for 17112, PA
37,137
Population
16,026
Households
2.3
Avg Household Size
44
Median Age
44%
College-Educated
95%
High-School Grad
69.6 sq mi
ZIP Area
534
Density / Sq Mi
$101,784
Median Household Income
$55,056
Median Earnings
$1,400
Median Rent
$290,400
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?
Shopping center - Retail center on Harrisburg's East Shore main retail corridor.
Where is this shopping center located?
The property is located at 5430 Jonestown Rd Harrisburg, PA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: High‑profile location at the intersection of Jonestown Road and Allentown Boulevard.; Located along Harrisburg’s East Shore main retail corridor, Jonestown Road (Rt 22).; 10,000 SF space available** due to current owner vacating.
