Listing Agency: Landmark Commercial Realty Show Phone

Listed By: Chuck Heller Show Phone

Source: Moodyscre

Added: Nov 25, 2025 Changed: Oct 2 Last Checked: Oct 4 at 12:50PM

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Investment Insights

Based on property information with market context.

This multi-tenanted industrial flex property is located in Cumberland County, Pennsylvania, a block away from Interstate 83 (Lemoyne exit). The property benefits from a central West Shore Harrisburg location and regional accessibility, with connections to I-83, PA Turnpike (I-76), PA Route 581, US Route 15, US Route 11 and I-81. The site is positioned to serve the greater Central Pennsylvania market. The property has a history of cash flow with three tenants with varying NNN lease terms. The facility offers visibility to the 44,800 vehicles per day along Route 581, and includes a sign for one of the tenants. The property is a versatile, well-maintained industrial flex facility featuring functional efficient office space for each suite, and a variety of loading positions. Zoned “Commercial General,” the site allows for a variety of permitted uses including industrial and commercial, offering long-term flexibility and value. The property has 36268 square feet of space.

Key Highlights

• Prime location one block from I‑83 with exceptional access to major transportation corridors (I‑83, I‑76/PA Turnpike, Rte 581, I‑81 & RTE 11) serving the Central Pennsylvania market.
• Stable, multi‑tenant property with strong historical cash flow and varying NNN lease terms, providing a secure and reliable income stream.
• High visibility with ±44,800 vehicles per day on Route 581, including a prominent "billboard size" sign.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$203,930

Cap Rate

4.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,078,600 $4.1M

Cap Rate 7%

$2,913,286 $2.9M

Cap Rate 9%

$2,265,889 $2.3M

Market Conditions

NOI Build-Up for 36,268 SF

Gross rent

$305.4K $8.42/SF

− Vacancy

−$14.0K −$0.39/SF

EGI

$291.3K $8.03/SF

− OpEx

−$87.4K −$2.41/SF

NOI

$203.9K $5.62/SF

Area

Cumberland County, PA

Vacancy

4.60%

Lease Rate

$8.42 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,078,600

Cap Rate 7%

$2,913,286

Cap Rate 9%

$2,265,889

Alternative Uses

Best Use

Industrial

$2.91M

$2.55M – $3.40M (±1% cap)

NOI $203,930 @ 7.0% cap · market cap 4.97%

Second Best

Flex RnD

$2.67M

$2.34M – $3.12M (±1% cap)

NOI $186,934 @ 7.0% cap · market cap 4.56%

Theoretical Best

Office A

$8.42M

$7.37M – $9.83M (±1% cap)

NOI $589,735 @ 7.0% cap · market cap 14.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Carpet & Flooring Store (Bike/Boat/Book/etc) Store Acupuncture Dental Office Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

751

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Well-located industrial flex property with stable tenants and strong cashflow.

Where is this flex space located?

The property is located at 1031-1051 Columbus Ave Lemoyne, PA.

What is the asking price?

The asking price for this property is $4,100,000.

What are key features of this property?

This property features: Prime location one block from I‑83 with exceptional access to major transportation corridors (I‑83, I‑76/PA Turnpike, Rte 581, I‑81 & RTE 11) serving the Central Pennsylvania market.; Stable, multi‑tenant property with strong historical cash flow and varying NNN lease terms, providing a secure and reliable income stream.; High visibility with ±44,800 vehicles per day on Route 581, including a prominent "billboard size" sign.