Medical Office Suite with Exam
For Sale
Contact for pricing
717 Market St, Lemoyne, PA 17043
Configured healthcare suite with medical infrastructure, customer parking, employee parking, and a pylon signage opportunity.
Property Size5,814 SF
Price / SF$163.23
Days on Market9372
Property Features for 717 Market St
General Information
Standard status
Active
Size
5,814 SF
Property subtype
OFFICE
Amenities
30' x 3' pylon sign opportunity
Building Details
Construction
brick
Tenancy
Multi
Listing Agency:
Landmark Commercial Realty
(717) 400-1819
Listed By:
Michael Rohm
(717) 400-1819
Source:
Moodyscre
Added: Jan 1, 2001
Changed: Aug 29
Last Checked: Aug 29 at 6:27PM
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.
Suite 112 at 717 Marketplace is a 5,814-square-foot medical office property with a multi-exam-room configuration and existing medical infrastructure. The layout can accommodate healthcare, wellness, or professional service operations, subject to applicable requirements. Williamsburg-style brick construction provides a defined architectural character.
The property is positioned along Market Street in Lemoyne, with access to Camp Hill, Mechanicsburg, Downtown Harrisburg, and the broader West Shore market. The center includes UPS Store, Miracle Ear, Bella Med Spa, and other established tenants. On-site customer parking and rear employee parking support daily operations, while the property offers a 30' x 3' pylon sign opportunity.
The property is positioned along Market Street in Lemoyne, with access to Camp Hill, Mechanicsburg, Downtown Harrisburg, and the broader West Shore market. The center includes UPS Store, Miracle Ear, Bella Med Spa, and other established tenants. On-site customer parking and rear employee parking support daily operations, while the property offers a 30' x 3' pylon sign opportunity.
Key Highlights
- 5,814‑square‑foot Suite 112 medical office property
- Multi‑exam‑room layout with existing medical infrastructure
- Williamsburg brick architecture within 717 Marketplace
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
$73,858
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
7.78%
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%
$1,477,160
$1.5M
Cap Rate 7%
$1,055,114
$1.1M
Cap Rate 9%
$820,644
$820.6K
Market Conditions
NOI Build-Up for 5,814 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
$104.7K $18.00/SF
− Vacancy
−$6.2K −$1.06/SF
EGI
$98.5K $16.94/SF
− OpEx
−$24.6K −$4.23/SF
NOI
$73.9K $12.70/SF
Area
Cumberland County, PA
Vacancy
5.90%
Lease Rate
$18.00 /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%
$1,477,160
Cap Rate 7%
$1,055,114
Cap Rate 9%
$820,644
Alternative Uses
Best Use
Office B
$1.06M
$923.2K – $1.23M
NOI $73,858 @ 7.0% cap · market cap 7.78%
Second Best
Healthcare Medical
$844.1K
$738.6K – $984.8K
NOI $59,087 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,538 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,153
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17043, PA
6,184
Population
3,037
Households
2
Avg Household Size
41
Median Age
37%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
2,945
Density / Sq Mi
$66,752
Median Household Income
$46,436
Median Earnings
$968
Median Rent
$216,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured healthcare suite with medical infrastructure, customer parking, employee parking, and a pylon signage opportunity.
Where is this medical office space located?
The property is located at 717 Market St Lemoyne, PA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 5,814‑square‑foot Suite 112 medical office property; Multi‑exam‑room layout with existing medical infrastructure; Williamsburg brick architecture within 717 Marketplace
