Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Mechanicsburg, PA Title is generated by Realmo AI

    PENNINGTON Drive lot 37, Mechanicsburg, PA 17055

    View on Map
    Claim this Listing
    For Sale
    $172,500

    LAND - MECHANICSBURG, PA

    Lot size:
    0.43 Acres
    Added:
    May 24, 2023
    Days on Market:
    1081
    Last Refresh:
    May 8 at 6:06 pm

    Property Features for PENNINGTON Drive lot 37

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.43 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1535

    We can help!

    Listing Contact
    TOM CHELEDNIK
    TOM CHELEDNIK

    Listing agent TOM CHELEDNIK License #AB068899

    Listing office RE/MAX 1st Advantage 6375 Mercury Drive unit: 101, Mechanicsburg, PA

    Listing date May 24, 2023

    MLS# PACB2018830 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Custom homes on spacious lots within a private 38‑acre community.
    • Open space to the rear of properties with beautiful mountain views.
    • Convenient location with easy access to major highways for short commutes to Harrisburg, Hershey, Gettysburg, and Lancaster.
    • Less than 20 minutes from UPMC and Penn State Medical Centers.
    • Features walking trails and public utilities.
    • Close proximity to golf courses, restaurants, wineries, Messiah College, the Yellow Breeches Creek, and shopping centers.

    Overview

    Discover Pennington, a 38-acre private community located in Upper Allen Township. This residential land is situated within a community featuring custom homes built on spacious lots with open space to the rear and mountain views. The property, with a lot size of 0.43 acres, is part of a community that includes walking trails and public utilities. Its location provides access to major highways, facilitating commutes to Harrisburg, Hershey, Gettysburg, and Lancaster. The property is located less than 20 minutes from UPMC and Penn State Medical Centers. Nearby amenities include golf courses, restaurants, wineries, Messiah College, the Yellow Breeches Creek, and shopping centers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mechanicsburg
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.970451
    Latitude
    40.1748391

    Nearby Similar for Sale

    • $480,000

      Premium Homesite in Glendale

      2+ acre lot suitable for custom luxury residence.
      37 GLENDALE Drive, MECHANICSBURG, PA 17050
      View Details
    • $399,900

      Expansive Homesite in Mowery Orchards

      Rare 6-acre homesite with preserved open space and walking trail.
      281 N LEWISBERRY Road, MECHANICSBURG, PA 17055
      View Details
    • $49,999

      Creekfront Lot in Mechanicsburg, PA

      Scenic 0.50-acre creekfront lot for dream home or retreat.
      519 GOOD HOPE Road, MECHANICSBURG, PA 17050
      View Details
    • $2,050,000

      Commercial Land in Mechanicsburg, PA

      Commercial land available within new Charter Homes development.
      S YORK Street, MECHANICSBURG, PA 17055
      View Details
    • $1,695,000

      Three-Story Office Building For Sale

      Three-story office building with elevator, basement, and penthouse suite.
      600 Wilson Lane, Mechanicsburg, PA 17055
      View Details
    • $900,000
      3,200 SF

      Carlisle Pike Commercial Land Available

      Commercial land with approved plans, good parking, and high visibility.
      4618 Carlisle Pike, Mechanicsburg , PA 17050
      View Details
    • $17
      14,923 SF

      Office Suites in Rossmoyne Business

      Office suites available for lease in Rossmoyne Business Center.
      Mechanicsburg, PA 17055
      View Details
    • $850,000
      1,100 SF

      Established Corner Retail/Restaurant Opportunity

      Corner retail/restaurant for sale with high traffic volume.
      5155 Simpson Ferry Rd, Mechanicsburg, PA 17050
      View Details
    • $900,000

      Carlisle Pike Commercial Land Available

      Commercial land with approved plans, good parking, and high visibility.
      4618 Carlisle Pike, Mechanicsburg , PA 17050
      View Details
    • $1,695,000
      16,500 SF

      Mechanicsburg Office Building For Sale

      Three-story office building in established Rossmoyne office district.
      600 Wilson Lane, Mechanicsburg, PA 17055
      View Details
    • $745,000

      Prime Commercial Land Opportunity

      2.81 acres for office/medical development near US-15.
      2 Dartmouth Ct, Mechanicsburg, PA
      View Details
    • $755,000
      21,165 SF

      Mechanicsburg Church with Parking

      Well-maintained church with sanctuary, hall, kitchen, and classrooms.
      211 S. Filbert Street, Mechanicsburg, PA 17055
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for sale in a private community.
    Where is this residential land & home lot located?
    The property is located at PENNINGTON Drive lot 37 Mechanicsburg, PA.
    What is the asking price?
    The asking price for this property is $172,500.
    What are key features of this property?
    This property features: Custom homes on spacious lots within a private 38‑acre community.; Open space to the rear of properties with beautiful mountain views.; Convenient location with easy access to major highways for short commutes to Harrisburg, Hershey, Gettysburg, and Lancaster.
    (717) 574-3988
    We can help!
    Listing Contact
    TOM CHELEDNIK
    TOM CHELEDNIK
    Real Estate License ID: AB068899
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    PENNINGTON Drive lot: 37, MECHANICSBURG, PA 17055
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!