Office Building with
New
For Sale
$800,000
1137 Kennebec Drive, Chambersburg, PA 17201
A multi-office layout includes meeting rooms, a breakroom, and on-site parking.
Property Size4,990 SF
Price / SF$160.32
Days on Market4
Property Features for 1137 Kennebec Drive
General Information
Standard status
Active
Size
4,990 SF
Zoning
C
Additional Details
Highway Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$18,489
Amenities
Electric
Yes
2
Public
0.75
No
Estimated
Parking Lot,On Street,Off Site
35
Slab
4990.00
Building Details
Building Size
4,990 SF
Year Built
1990
Listing Agency:
Keller Williams Keystone Realty
(717) 504-8002
Listed By:
Lane I Thrush · License #RM423221
(717) 816-4011
Source:
Jmdiamondrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 4:15PM
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 Keller Williams Keystone Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 4,390-square-foot office building has more than 10 private offices, two conference rooms, a kitchen and breakroom, and a reception area. An additional 600 square feet of garage or storage space is included. Built in 1990, the property is zoned C.
The site provides 35+ on-site parking spaces and is near major highways, restaurants, and other businesses.
The site provides 35+ on-site parking spaces and is near major highways, restaurants, and other businesses.
Key Highlights
- 4,390 square feet of office space plus 600 square feet of garage or storage
- More than 10 private offices and two conference rooms
- Kitchen and breakroom, reception area, and garage or storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,500
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,230,000
$1.2M
Cap Rate 7%
$878,571
$878.6K
Cap Rate 9%
$683,333
$683.3K
Market Conditions
NOI Build-Up for 4,990 SF
Gross rent
$100.0K $20.04/SF
− Vacancy
−$18.0K −$3.61/SF
EGI
$82.0K $16.43/SF
− OpEx
−$20.5K −$4.11/SF
NOI
$61.5K $12.32/SF
Area
Franklin County, PA
Vacancy
18.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,230,000
Cap Rate 7%
$878,571
Cap Rate 9%
$683,333
Alternative Uses
Best Use
Office B
$878.6K
$768.8K – $1.03M
NOI $61,500 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,694 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Explore this area
Business Placement
Demographics for 17201, PA
27,556
Population
12,749
Households
2.2
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
19.1 sq mi
ZIP Area
1,443
Density / Sq Mi
$59,645
Median Household Income
$42,500
Median Earnings
$1,109
Median Rent
$206,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - A multi-office layout includes meeting rooms, a breakroom, and on-site parking.
Where is this office building located?
The property is located at 1137 Kennebec Drive Chambersburg, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4,390 square feet of office space plus 600 square feet of garage or storage; More than 10 private offices and two conference rooms; Kitchen and breakroom, reception area, and garage or storage space
