Office-Flex Building with
For Sale
Contact for pricing
1600 Hummel Avenue, Camp Hill, PA 17011
Freestanding office-flex property with a separate warehouse/shop, grade-level loading, fenced storage, and abundant parking.
Property Size10,000 SF
Lot Size1.20 Acres
Price / SF$119.50
Days on Market28
Property Features for 1600 Hummel Avenue
General Information
Standard status
Active
Size
10,000 SF
Lot size
1.20 Acres
Property subtype
INDUSTRIAL
Zoning
I-3
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Listing Agency:
Landmark Commercial Realty
(717) 421-1943
Listed By:
Jason Grace
(717) 421-1943
Source:
Moodyscre
Added: Jul 26
Changed: Aug 13
Last Checked: Aug 21 at 7:24AM
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 Landmark Commercial Realty
Investment Insights
Based on property information with market context.
This office-flex building offers a 5,968 SF office component and a separate 5,696 SF warehouse/shop, all situated on 1.2 acres. The property includes grade-level loading capability and outdoor fenced storage, with abundant parking and space for material staging.
The site is described as highly visible and positioned for convenient access to major transportation corridors via Rt. 581 Capitol Beltway to I-83 and I-81. The configuration supports a range of practical industrial service and warehousing needs.
Zoned I-3 (Industrial Commercial), the property is presented as suitable for commercial and industrial uses, with the layout working well for contractor pickup, service, and repair operations as well as transportation, warehousing, and supply distribution.
The site is described as highly visible and positioned for convenient access to major transportation corridors via Rt. 581 Capitol Beltway to I-83 and I-81. The configuration supports a range of practical industrial service and warehousing needs.
Zoned I-3 (Industrial Commercial), the property is presented as suitable for commercial and industrial uses, with the layout working well for contractor pickup, service, and repair operations as well as transportation, warehousing, and supply distribution.
Key Highlights
- 5,968 SF office building plus a separate 5,696 SF warehouse/shop on 1.2 acres
- Industrial Commercial (I‑3) zoning with flexible zoning permits for commercial and industrial uses
- Grade‑level loading capability with abundant parking and material staging area
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
$68,278
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
5.71%
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%
$1,365,560
$1.4M
Cap Rate 7%
$975,400
$975.4K
Cap Rate 9%
$758,644
$758.6K
Market Conditions
NOI Build-Up for 10,000 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
$84.2K $8.42/SF
− Vacancy
−$3.9K −$0.39/SF
EGI
$80.3K $8.03/SF
− OpEx
−$12.0K −$1.20/SF
NOI
$68.3K $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 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%
$1,365,560
Cap Rate 7%
$975,400
Cap Rate 9%
$758,644
Alternative Uses
Best Use
Office B
$1.81M
$1.59M – $2.12M
NOI $127,035 @ 7.0% cap · market cap 10.63%
Second Best
Warehouse
$975.4K
$853.5K – $1.14M
NOI $68,278 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,605 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17011, PA
36,184
Population
14,999
Households
2.4
Avg Household Size
41
Median Age
44%
College-Educated
92%
High-School Grad
13.1 sq mi
ZIP Area
2,762
Density / Sq Mi
$88,889
Median Household Income
$52,518
Median Earnings
$1,270
Median Rent
$261,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Dj & Smoke Shack — 900 Market St, Lemoyne, PA 17043
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding office-flex property with a separate warehouse/shop, grade-level loading, fenced storage, and abundant parking.
Where is this flex space located?
The property is located at 1600 Hummel Avenue Camp Hill, PA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 5,968 SF office building plus a separate 5,696 SF warehouse/shop on 1.2 acres; Industrial Commercial (I‑3) zoning with flexible zoning permits for commercial and industrial uses; Grade‑level loading capability with abundant parking and material staging area
