Multi-Tenant Office
For Sale
Contact for pricing
2595 Interstate Dr, Harrisburg, PA 17110
Brick, multi-tenant office building on a corner lot with recent bathroom, exterior, and rooftop HVAC upgrades.
Property Size14,334 SF
Price / SF$149.99
Days on Market492
Property Features for 2595 Interstate Dr
General Information
Standard status
Active
Size
14,334 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Building Details
Construction
Brick
Tenancy
Multi
Listing Agency:
NAI CIR | Lemoyne
(717) 761-5070
Listed By:
Daniel J. Alderman · License ##RS134079A
(717) 579-2052
Source:
Moodyscre
Added: May 9, 2025
Changed: Sep 3
Last Checked: Sep 11 at 10:55AM
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 NAI CIR | Lemoyne
Investment Insights
Based on property information with market context.
This brick multi-tenant office building is set up for multiple occupants and includes recent improvements. Upgrades include new finishes to both bathrooms, freshly painted window exteriors and dryvit, and rooftop HVAC unit improvements.
The property is located in a business park setting with good access to I-81 and sits on a corner lot.
A single available suite of 2,583 square feet is listed for new ownership occupancy.
The property is located in a business park setting with good access to I-81 and sits on a corner lot.
A single available suite of 2,583 square feet is listed for new ownership occupancy.
Key Highlights
- Business park location with good access to I‑81
- Multi‑tenant brick building on a corner lot
- Recent upgrades include both bathrooms, freshly painted window exteriors and Dryvit, and rooftop HVAC units
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
$184,201
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
8.57%
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%
$3,684,020
$3.7M
Cap Rate 7%
$2,631,443
$2.6M
Cap Rate 9%
$2,046,678
$2.0M
Market Conditions
NOI Build-Up for 14,334 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
$287.3K $20.04/SF
− Vacancy
−$41.7K −$2.91/SF
EGI
$245.6K $17.13/SF
− OpEx
−$61.4K −$4.28/SF
NOI
$184.2K $12.85/SF
Area
Dauphin County, PA
Vacancy
14.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
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%
$3,684,020
Cap Rate 7%
$2,631,443
Cap Rate 9%
$2,046,678
Alternative Uses
Best Use
Office B
$2.63M
$2.30M – $3.07M
NOI $184,201 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$26.40M
$23.10M – $30.80M
NOI $1,848,011 @ 7.0% cap · market cap 85.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 17110, PA
27,239
Population
12,246
Households
2.2
Avg Household Size
40
Median Age
41%
College-Educated
93%
High-School Grad
14.9 sq mi
ZIP Area
1,828
Density / Sq Mi
$79,499
Median Household Income
$51,428
Median Earnings
$1,400
Median Rent
$206,200
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
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Frequently Asked Questions
What type of property is this?
Office units - Brick, multi-tenant office building on a corner lot with recent bathroom, exterior, and rooftop HVAC upgrades.
Where is this office units located?
The property is located at 2595 Interstate Dr Harrisburg, PA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Business park location with good access to I‑81; Multi‑tenant brick building on a corner lot; Recent upgrades include both bathrooms, freshly painted window exteriors and Dryvit, and rooftop HVAC units
