State College Retail Investment
For Sale
$130,000
Address Not Disclosed, State College, PA
900 SF retail or restaurant space in State College.
Property Size900 SF
Price / SF$144.44
Days on Market274
Property Features for Address Not Disclosed
General Information
Standard status
Active
Size
900 SF
Property subtype
Retail
Listing Agency:
SVN | Latus
(717) 891-7962
Listed By:
Karen Neiderer · License #RS321562
(717) 891-7962
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 10
Last Checked: Aug 22 at 4:59AM
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 SVN | Latus
Investment Insights
Based on property information with market context.
This 900 square foot property presents a unique investment opportunity in State College. The space is suitable for a restaurant or retail venture, benefiting from high visibility and foot traffic. The property's layout offers ample space for attracting customers. This property is positioned as an investment opportunity for an owner/user or investor.
Key Highlights
- Prime 900 SF building in strategic State College location.
- High visibility and foot traffic, ideal for attracting customers.
- Excellent investment opportunity for owner/user or investor.
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
$7,797
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
6.00%
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%
$155,940
$155.9K
Cap Rate 7%
$111,386
$111.4K
Cap Rate 9%
$86,633
$86.6K
Market Conditions
NOI Build-Up for 900 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
$11.7K $12.96/SF
− Vacancy
−$525 −$0.58/SF
EGI
$11.1K $12.38/SF
− OpEx
−$3.3K −$3.71/SF
NOI
$7.8K $8.66/SF
Area
Centre County, PA
Vacancy
4.50%
Lease Rate
$12.96 /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%
$155,940
Cap Rate 7%
$111,386
Cap Rate 9%
$86,633
Alternative Uses
Best Use
Retail
$111.4K
$97.5K – $130.0K
NOI $7,797 @ 7.0% cap · market cap 6.00%
Second Best
Specialty Retail
$74.4K
$65.1K – $86.8K
NOI $5,209 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$198.8K
$173.9K – $231.9K
NOI $13,914 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,268
Businesses Nearby
97k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 18%
Beauty & Spa 4%
Panera Bread
Dining
15,725 visits/mo
0.5 miles
Starbucks
Dining
13,701 visits/mo
0.2 miles
Panera Bread
Dining
9,309 visits/mo
0.1 miles
Primanti Bros.
Dining
9,195 visits/mo
0.3 miles
Sunoco
Shops & Services
7,976 visits/mo
0.3 miles
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 - 900 SF retail or restaurant space in State College.
Where is this retail space located?
The property is located at Address Not Disclosed State College, PA.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Prime 900 SF building in strategic State College location.; High visibility and foot traffic, ideal for attracting customers.; Excellent investment opportunity for owner/user or investor.
