Six-Suite Office
1400 Proline Place, Gettysburg, PA 17325
For Sale
New
$1,500,000
Four suites are leased, with two vacant suites available for occupancy or leasing.
Property Size9,800 SF
Price / SF$153.06
Days on Market4
Property Features for 1400 Proline Place
General Information
Standard status
Size
Zoning
Additional Details
Office Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Concrete
Natural Gas,Electric,Multi-tank
1
Yes
Natural Gas
Electric Separate,Gas Separate
No Thru Street
Public
355
No
Parking Lot
Paved Parking,Lighted Parking
Black Top,Paved
51
9800.00
0.00
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Mountain Realty ERA Powered
(717) 337-9950
Listed By:
Marshall L Miller · License #18016
(717) 752-0225
Source:
Opuselitenj
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 3:23PM
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 Mountain Realty ERA Powered
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Investment Insights
Based on property information with market context.
This 9,800-square-foot office condominium contains six suites in a complex built in 2007. Four suites are leased, and two are vacant for owner occupancy or future leasing. The property is zoned EC-1, and a 7% cap rate is stated at 100% occupancy. The new owner will manage the condominium association.
The complex is in Adams Commerce Center in Gettysburg, just off Route 30, with access to Route 15. Tenant-paid CAM fees cover taxes, insurance, lawn care, snow removal, roof maintenance, exterior lighting, and servicing of the complex’s air-conditioning units.
The complex is in Adams Commerce Center in Gettysburg, just off Route 30, with access to Route 15. Tenant-paid CAM fees cover taxes, insurance, lawn care, snow removal, roof maintenance, exterior lighting, and servicing of the complex’s air-conditioning units.
Key Highlights
- Six office condominium suites totaling 9,800 square feet
- Four suites leased; two vacant
- A 7% cap rate is stated at 100% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,840
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,116,800
$2.1M
Cap Rate 7%
$1,512,000
$1.5M
Cap Rate 9%
$1,176,000
$1.2M
Market Conditions
NOI Build-Up for 9,800 SF
Gross rent
$176.4K $18.00/SF
− Vacancy
−$35.3K −$3.60/SF
EGI
$141.1K $14.40/SF
− OpEx
−$35.3K −$3.60/SF
NOI
$105.8K $10.80/SF
Area
Adams County, PA
Vacancy
20.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,116,800
Cap Rate 7%
$1,512,000
Cap Rate 9%
$1,176,000
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,840 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.80M
$1.58M – $2.11M
NOI $126,347 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 17325, PA
27,879
Population
12,021
Households
2.3
Avg Household Size
45
Median Age
34%
College-Educated
92%
High-School Grad
126.0 sq mi
ZIP Area
221
Density / Sq Mi
$79,351
Median Household Income
$32,633
Median Earnings
$956
Median Rent
$278,800
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
Frequently Asked Questions
What type of property is this?
Office unit - Four suites are leased, with two vacant suites available for occupancy or leasing.
Where is this office unit located?
The property is located at 1400 Proline Place Gettysburg, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Six office condominium suites totaling 9,800 square feet; Four suites leased; two vacant; A 7% cap rate is stated at 100% occupancy
