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    For Sale (21)

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    Vacant Lot in Newville, PA
    $1,500,000
    3.75 Acres

    Vacant Lot in Newville, PA

    Vacant lot in Newville, PA, former shoe factory site.

    61 Fairfield St, Newville, PA 17241
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    Creekfront Ranch with Income Potential
    $190,000
    1,200 SF

    Creekfront Ranch with Income Potential

    Versatile property with main home and two leased mobile homes.

    407 Potato Rd, Carlisle, PA 17015
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    Vacant Lot with Scenic Views
    $175,000
    0.76 Acres

    Vacant Lot with Scenic Views

    Level 0.76-acre lot with installed septic system and mountain views.

    295 Mohawk Rd, Newville, PA 17241
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    Fully Occupied Carlisle Triplex
    $265,000
    2,400 SF

    Fully Occupied Carlisle Triplex

    Investment opportunity: fully occupied triplex in downtown Carlisle, Pennsylvania.

    173 E Penn St, Carlisle, PA 17013
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    Residential Land in Walnut Bottom
    $150,000
    1.22 Acres

    Residential Land in Walnut Bottom

    Residential land with potential in a peaceful Cumberland County community.

    401-403 W Main St, Walnut Bottom, PA 17266
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    Mount Pleasant Mills Farmland
    $255,000
    15.53 Acres

    Mount Pleasant Mills Farmland

    15+ acre property ideal for building or farming.

    Willard Hill Rd, Mount Pleasant Mills, PA 17853
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    Vacant Land with Mountain Views
    $50,000
    2.40 Acres

    Vacant Land with Mountain Views

    2.4 acres of vacant land bordering a creek.

    Ridge Rd, Klingerstown, PA 17941
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    Land with Mountain Views
    $30,000
    0.21 Acres

    Land with Mountain Views

    Land with easy access to I-81 and mountain views.

    E Colliery Ave, Tower City, PA 17980
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    Land For Sale in CONESTOGA
    $190,000
    2.10 Acres

    Land For Sale in CONESTOGA

    2.1 acre commercial land available in CONESTOGA, Pennsylvania.

    58 Buck Run Rd, Conestoga, PA 17516
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    Harrisburg Two-Unit Investment Opportunity
    $184,900
    1,821 SF

    Harrisburg Two-Unit Investment Opportunity

    Well-maintained two-unit property near downtown Harrisburg.

    3005 N 3Rd St, Harrisburg, PA 17110
    View details
    Dillsburg Land Opportunity Awaits
    $69,900
    0.70 Acres

    Dillsburg Land Opportunity Awaits

    0.7-acre lot in Dillsburg, ready for your dream home.

    51 Old York Rd, Dillsburg, PA 17019
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    Harrisburg Vacant Land Opportunity
    $300,000
    1.99 Acres

    Harrisburg Vacant Land Opportunity

    2-acre vacant lot ready for custom home in Harrisburg, PA.

    Union Deposit Rd, Harrisburg, PA 17112
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    Lewistown Investment Portfolio Opportunity
    $475,000
    0.10 Acres

    Lewistown Investment Portfolio Opportunity

    Three properties with income and value-add potential in Lewistown, PA.

    170 Valley St, Lewistown, PA 17044
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    Multi-Tenant Investment Opportunity
    $1,195,000
    2.37 Acres

    Multi-Tenant Investment Opportunity

    Four-unit commercial property with strong in-place return and long-term tenants.

    3375 Carlisle Rd, Gardners, PA 17324
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    Ready-to-Build Land with Sunset Views
    $78,000
    1.50 Acres

    Ready-to-Build Land with Sunset Views

    1.5-acre parcel with foundation, utilities, and scenic views.

    215 N 2 St, Gratz, PA 17030
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    Carlisle Land For Sale
    $275,000
    1.78 Acres

    Carlisle Land For Sale

    1.78-acre mixed-use lot near I-81 in Carlisle, PA.

    624 Alexander Spring Rd, Carlisle, PA 17015
    View details
    Chambersburg Land for Residential Development
    $75,000
    2.29 Acres

    Chambersburg Land for Residential Development

    2.29-acre lot for a dream home in Chambersburg, PA.

    Spg Bloom Ct, Chambersburg, PA 17201
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    Renovated Three-Unit Multifamily Property
    $299,000
    0.13 Acres

    Renovated Three-Unit Multifamily Property

    Completely renovated three-unit property with modern updates and potential income.

    111 E Market St, Williamstown, PA 17098
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    Downtown Mercersburg Investment Opportunity
    $399,000
    0.11 Acres

    Downtown Mercersburg Investment Opportunity

    Two apartments and two retail spaces in downtown Mercersburg.

    3 S Main St, Mercersburg, PA 17236
    View details
    Renovated Triplex Ready for Owner
    $299,000

    Renovated Triplex Ready for Owner

    Completely renovated 3-unit property with modern upgrades and income potential.

    111 East Market St, Williamstown, PA 17098
    View details
    Lewistown Investment Portfolio Opportunity
    $495,000

    Lewistown Investment Portfolio Opportunity

    Three properties with income and value-add potential in Lewistown.

    170 Valley St, Lewistown, PA 17044
    View details

    For Lease (1)

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    Customizable Office Space For Lease
    $20 SF/Yr
    72,745 SF

    Customizable Office Space For Lease

    Prime office location with customizable space and included utilities.

    144 S 8Th St, Chambersburg, PA 17201
    View details

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    Keller Williams of Central PA
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Keller Williams of Central PA
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