Industrial Flex Space with
For Sale
Contact for pricing
1045 Hummel Avenue, Lemoyne, PA 17043
Industrial zoning and a multi-suite layout accommodate warehouse, contractor, service, and flex users.
Property Size25,375 SF
Price / SF$78.82
Days on Market63
Property Features for 1045 Hummel Avenue
General Information
Standard status
Active
Size
25,375 SF
Property subtype
Industrial
Zoning
Industrial
Investment Type
Value Add
Net Operating Income
$154,591
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
1
Building Details
Year Built
1980
Year Renovated
2022
Buildings
1
Tenancy
Multi
Building Size
25,375 SF
Listing Agency:
Scope Investment Real Estate Services
(215) 302-4400
Listed By:
Phil Sharrow · License #PA RSR002048
Source:
Crexi
Added: Jun 29
Changed: Aug 29
Last Checked: Aug 29 at 4:07PM
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 Scope Investment Real Estate Services
Investment Insights
Based on property information with market context.
This 25,375-square-foot industrial flex property, built in 1980, is arranged as a multi-suite facility with warehouse areas and limited office buildout. Concrete floors, gas heat, HVAC, one exterior dock, and a 12' x 12' drive-in door support a range of operational requirements. The building configuration is suited to warehouse, contractor, service, showroom, distribution, and light industrial uses within its Industrial zoning.
The property is located on Hummel Avenue in Lemoyne, Pennsylvania, with access to Route 581, I-83, the Pennsylvania Turnpike, and I-81. Its Cumberland County setting provides connectivity across the surrounding regional roadway network.
The property is located on Hummel Avenue in Lemoyne, Pennsylvania, with access to Route 581, I-83, the Pennsylvania Turnpike, and I-81. Its Cumberland County setting provides connectivity across the surrounding regional roadway network.
Key Highlights
- 25,375 SF industrial flex property
- Multi‑suite layout with warehouse space and limited office buildout
- One exterior dock and one 12' x 12' drive‑in door
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
$173,255
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
8.66%
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%
$3,465,100
$3.5M
Cap Rate 7%
$2,475,071
$2.5M
Cap Rate 9%
$1,925,056
$1.9M
Market Conditions
NOI Build-Up for 25,375 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
$213.7K $8.42/SF
− Vacancy
−$9.8K −$0.39/SF
EGI
$203.8K $8.03/SF
− OpEx
−$30.6K −$1.20/SF
NOI
$173.3K $6.83/SF
Area
Cumberland County, PA
Vacancy
4.60%
Lease Rate
$8.42 /SF/Yr
Expense Ratio
15.00%
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%
$3,465,100
Cap Rate 7%
$2,475,071
Cap Rate 9%
$1,925,056
Alternative Uses
Best Use
Warehouse
$2.48M
$2.17M – $2.89M
NOI $173,255 @ 7.0% cap · market cap 8.66%
Second Best
Industrial
$2.04M
$1.78M – $2.38M
NOI $142,680 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$5.89M
$5.16M – $6.88M
NOI $412,610 @ 7.0% cap · market cap 20.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17043, PA
6,184
Population
3,037
Households
2
Avg Household Size
41
Median Age
37%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
2,945
Density / Sq Mi
$66,752
Median Household Income
$46,436
Median Earnings
$968
Median Rent
$216,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Get Smok'd BBQ — 1104 Carlisle Rd Suite 130, Camp Hill, PA 17011
- The JDK Group Catering & Events — 1 Bishop Pl, Camp Hill, PA 17011
- Dj & Smoke Shack — 900 Market St, Lemoyne, PA 17043
Frequently Asked Questions
What type of property is this?
Flex space - Industrial zoning and a multi-suite layout accommodate warehouse, contractor, service, and flex users.
Where is this flex space located?
The property is located at 1045 Hummel Avenue Lemoyne, PA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 25,375 SF industrial flex property; Multi‑suite layout with warehouse space and limited office buildout; One exterior dock and one 12' x 12' drive‑in door
