Building Details

Year Built 1980

Year Renovated 2022

Buildings 1

Tenancy Multi

Building Size 25,375 SF

Listing Agency: Horvath & Tremblay

Listed By: Craig Dunkle · License #PA RS324418 Show Phone

Source: Crexi

Added: Jun 29 Changed: Oct 5 Last Checked: Oct 12 at 7:52PM

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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.

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 / Yr

$173,255

Cap Rate

8.66%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $173,255 @ 7.0% cap · market cap 8.66%

Second Best

Industrial

$2.04M

$1.78M – $2.38M (±1% cap)

NOI $142,680 @ 7.0% cap · market cap 7.13%

Theoretical Best

Office A

$5.89M

$5.16M – $6.88M (±1% cap)

NOI $412,610 @ 7.0% cap · market cap 20.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Hotel & Motel Parking Lot & Garage Real Estate Agency Auto Parts Store

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

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

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 - 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