Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    975 Wayne Ave Chambersburg, PA 17201

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in Chambersburg's dominant retail corridor.

    Property size:
    2,400 SF
    Lot size:
    12.22 Acres

    Property Features for 975 Wayne Ave

    General Information

    Size
    2,400 SF
    Lot size
    12.22 Acres

    We can help!

    Listing Contact
    Michael Reigner
    Michael Reigner
    Source: Moodyscre

    Listing Agent: Michael Reigner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space in Wayne Plaza

    Located along Wayne Avenue in Chambersburg, Wayne Plaza is positioned within a prominent retail corridor, offering accessibility to both I-81 and Route 30. The plaza features a mix of national and local retailers catering to the community. The available retail space measures 2400 square feet.
    Location Intelligence

    Current Use by Public Records

    Tanner & Sons Plumbing ... Plumbing Supply Store Boppe’s Stonecraft & Hardscaping ... Masonry Contractor Kaizen Strategies Consultant Brian Holmes, M.D., ... Neurologist Advanta Therapy Speech Pathologist

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chambersburg
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.6523711
    Latitude
    39.9158515

    Nearby Similar for Lease

    • $6,000 /Mo

      Spacious End Cap Retail Opportunity

      Versatile 3,000-10,000 SF space suitable for various businesses.
      2593 Philadelphia Ave, Chambersburg, PA 17201
      View Details
    • New
      $2,950 /Mo
      9,583 SF

      Commercial Space with Salon Potential

      Retail/office space with salon potential, private parking, and easy access.
      315 Stouffer Ave, Chambersburg, PA 17201
      View Details
    • $750 /Mo
      30,492 SF

      Historic Office Space in Chambersburg

      Historic office space near courthouse with ample parking included.
      166 S Main St, Chambersburg, PA 17201
      View Details
    • $3,000 /Mo
      13,939 SF

      Chambersburg Commercial Space on Route 11

      Versatile commercial space suitable for various business types.
      756 S Main St, Chambersburg, PA 17201
      View Details
    • $525 /Mo
      10,019 SF

      Chambersburg Shared Office Space

      Shared office space in prime Chambersburg location available for rent.
      417 Phoenix Dr, Chambersburg, PA 17201
      View Details
    • $1,000 /Mo

      Unique Downtown Chambersburg Office Space

      Charming office with stone walls, exposed beams, and prime location.
      56 S 3Rd St, Chambersburg, PA 17201
      View Details
    • $2,900 /Mo

      Chambersburg Office Space Available

      Prime location office space available for immediate possession in Chambersburg.
      409 Phoenix Dr, Chambersburg, PA 17201
      View Details
    • $12,000 /Mo

      Walker Road Commercial Property

      Highly visible commercial property with flexible floor plans for lease.
      440 Walker Rd, Chambersburg, PA 17201
      View Details
    • $20 SF/Yr
      72,745 SF

      Customizable Office Space For Lease

      Prime office location with customizable space and included utilities.
      144 S 8Th St, Chambersburg, PA 17201
      View Details
    • $23 SF/Yr
      2,675 SF

      Chambersburg Professional/Medical Office Space

      Class A office space near WellSpan Health Campus.
      825 5Th Ave, Chambersburg, PA 17201
      View Details
    • Contact for pricing
      1,000,350 SF

      Distribution Facility I-81 Frontage

      Class A distribution facility with I-81 frontage for lease.
      Lighthouse Rd, Chambersburg, PA 17202
      View Details
    • $20 SF/Yr
      16,200 SF

      Cleveland Avenue Office Campus

      Chambersburg Office Space: Multiple Options Available
      550 Cleveland Ave, Chambersburg, PA 17201
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail space available in Chambersburg's dominant retail corridor.
    Where is this strip mall located?
    The property is located at 975 Wayne Ave Chambersburg, PA.
    What are key features of this property?
    This property features: - Located in Chambersburg's dominant retail corridor on Wayne Avenue.; - Easy access to I-81 and Route 30.; - Features a strong mix of national and local retailers.
    (516) 869-9000
    Request Owner's contact information
    975 Wayne Ave Chambersburg, PA 17201
    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.
    975 Wayne Ave
    Chambersburg, PA 17201
    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
    975 Wayne Ave Chambersburg, PA 17201
    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

    We can help!
    Listing Contact
    Michael Reigner
    Michael Reigner
    (516) 869-9000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.