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9969 Allentown Blvd, Grantville, PA 17028
Motels
Property Size4,000 SF
Lot Size1.57 Acres
Price / SF$149.75
Days on Market2122
Property Features for 9969 Allentown Blvd
General Information
Standard status
Active
Size
4,000 SF
Lot size
1.57 Acres
Property subtype
Retail, Hospitality, Land
Zoning
Commercial Highway
Net Operating Income
$69,652
Building Details
Year Built
1950
Buildings
3
Stories
1
Units
10
Tenancy
Multi
Listing Agency:
Landmark Commercial Realty
Listed By:
Bogumila 'Bo' Mangam · License #PA
Source:
Crexi
Added: Nov 12, 2020
Changed: Aug 21
Last Checked: Sep 2 at 12:02AM
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.
Key Highlights
- Prime location on Route 22 in Grantville, PA, suitable for hospitality, retail, or multi‑tenant development.
- Commercial Highway Zoning allows hotels, restaurants, and vehicle‑related businesses.
- 1.57‑acre lot with additional land for potential development to increase value.
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
$30,096
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
5.02%
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%
$601,920
$601.9K
Cap Rate 7%
$429,943
$429.9K
Cap Rate 9%
$334,400
$334.4K
Market Conditions
NOI Build-Up for 4,000 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
$72.0K $18.00/SF
− Vacancy
−$8.6K −$2.16/SF
EGI
$63.4K $15.84/SF
− OpEx
−$33.3K −$8.32/SF
NOI
$30.1K $7.52/SF
Area
Dauphin County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
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%
$601,920
Cap Rate 7%
$429,943
Cap Rate 9%
$334,400
Alternative Uses
Best Use
Hotel Hospitality
$429.9K
$376.2K – $501.6K
NOI $30,096 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.37M
$6.45M – $8.60M
NOI $515,700 @ 7.0% cap · market cap 86.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17028, PA
3,448
Population
1,363
Households
2.5
Avg Household Size
45
Median Age
20%
College-Educated
96%
High-School Grad
27.4 sq mi
ZIP Area
126
Density / Sq Mi
$66,754
Median Household Income
$38,068
Median Earnings
$1,026
Median Rent
$261,700
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Mainstay Suites Grantville - Hershey North — 105 Kelley Ct, Grantville, PA 17028
- Hampton Inn Harrisburg/Grantville/Hershey — 255 Bow Creek Rd, Grantville, PA 17028
- Tru by Hilton Grantville — 248 Bow Creek Rd, Grantville, PA 17028
- Red Umbrella Bed and Breakfast — 9866 Jonestown Rd, Grantville, PA 17028
- Cottage Inn & Self Storage — 10200 Allentown Blvd, Grantville, PA 17028
Frequently Asked Questions
Where is this motel located?
The property is located at 9969 Allentown Blvd Grantville, PA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime location on Route 22 in Grantville, PA, suitable for hospitality, retail, or multi‑tenant development.; Commercial Highway Zoning allows hotels, restaurants, and vehicle‑related businesses.; 1.57‑acre lot with additional land for potential development to increase value.
