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    Limestone House Zoned Commercial Title is generated by Realmo AI

    890 Walnut Bottom Rd, Carlisle, PA 17013

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    For Sale
    $795,000

    Limestone house zoned C-4, suitable for professional office.

    Property size:
    3,500 SF
    Lot size:
    1.61 Acres
    Price / SF:
    $227/SF
    Added:
    Jul 15, 2024
    Days on Market:
    722
    Last Refresh:
    Jun 28 at 8:28 pm

    Property Features for 890 Walnut Bottom Rd

    General Information

    Standard status
    Active
    Size
    3,500 SF
    Lot size
    1.61 Acres

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    WILLIAM L L SHEARER Jr.
    WILLIAM L L SHEARER Jr.

    Listing office Shearer 24, LLC

    Listing date Jul 15, 2024

    Source Exprealty

    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 Shearer 24, LLC

    HighLights

    • 3500+ square foot limestone house.
    • Zoned C‑4 (Neighborhood Commercial).
    • Next to I‑81 ramp.
    • Perfect for professional office or similar users.
    • Connected to public water.
    • Public sewer available from Carlisle Borough.

    Overview

    This property features a limestone house with over 3500 square feet of space, zoned C-4 (Neighborhood Commercial). It is located next to an I-81 ramp, making it suitable for a professional office or similar uses. The property is connected to public water. Public sewer is available from Carlisle Borough from Garland Drive, requiring a grinder pump.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $63.0k $18.00
    − Vacancy −$3.7k −$1.06
    EGI $59.3k $16.94
    − OpEx −$14.8k −$4.23
    NOI $44.5k $12.70
    3,500 SF · lease $18.00/SF/yr · vacancy 5.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $635.2K
    $555.8K – $741.0K (±1% cap)
    NOI $44,462 @ 7.0% cap · market cap 5.59%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $813.0K
    $711.4K – $948.5K (±1% cap)
    NOI $56,912 @ 7.0% cap · market cap 7.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Auto Parts Store Law Firm Hotel & Motel Nail Salon Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Carlisle
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.209
    Latitude
    40.1859

    FAQs

    What type of property is this?
    Office space - Limestone house zoned C-4, suitable for professional office.
    Where is this office space located?
    The property is located at 890 Walnut Bottom Rd Carlisle, PA.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 3500+ square foot limestone house.; Zoned C‑4 (Neighborhood Commercial).; Next to I‑81 ramp.
    More about this property
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