Fully Renovated Live-Work
For Sale
$345,000
141 S 32ND STREET, Camp Hill, PA 17011
Renovated brick live-work/office building with open first-floor layout, private second-floor rooms, and off-street parking.
Property Size1,400 SF
Price / SF$246.43
Days on Market61
Property Features for 141 S 32ND STREET
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Commercial
Zoning
MDRO-1
Amenities
off-street parking
rear deck
security camera system
laundry
Building Details
Year Built
1926
Construction
brick
Listing Agency:
Straub & Associates Real Estate
(717) 612-9901
Listed By:
Jack Straub · License #AB069733
(717) 514-4603
Source:
Cummingsrealtors
Added: Jul 10
Changed: Sep 7
Last Checked: Sep 7 at 6:48AM
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 Straub & Associates Real Estate
Investment Insights
Based on property information with market context.
This fully renovated brick property is designed for professional office use and live-work flexibility. Interior improvements include new flooring, walls, insulation, windows, bathrooms, and a fully renovated kitchen that can function as a staff break area or support office use. Electrical upgrades were completed in 2022, and new HVAC and air conditioning were installed in 2024. The first floor features an open layout suited for reception or collaborative work, along with a half bath and laundry. The second level provides three private rooms and two full bathrooms.
The property is located in Camp Hill Borough and is zoned MDRO-1 (Medium Density Residential Office). Exterior features include ample off-street parking with a large rear parking area, a rear deck, and a security camera system.
With updated systems and a layout that supports both open and private work areas, the building is presented as move-in ready for owner-occupied business use or continued income production.
The property is located in Camp Hill Borough and is zoned MDRO-1 (Medium Density Residential Office). Exterior features include ample off-street parking with a large rear parking area, a rear deck, and a security camera system.
With updated systems and a layout that supports both open and private work areas, the building is presented as move-in ready for owner-occupied business use or continued income production.
Key Highlights
- Fully renovated 1926 brick building in Camp Hill Borough, zoned MDRO‑1 (Medium Density Residential Office).
- Move‑in ready interior with new flooring, walls, insulation, windows, renovated bathrooms, and a fully renovated kitchen.
- First floor open layout with reception/collaborative workspace plus half bath and laundry.
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
$17,785
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
5.16%
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%
$355,700
$355.7K
Cap Rate 7%
$254,071
$254.1K
Cap Rate 9%
$197,611
$197.6K
Market Conditions
NOI Build-Up for 1,400 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
$25.2K $18.00/SF
− Vacancy
−$1.5K −$1.06/SF
EGI
$23.7K $16.94/SF
− OpEx
−$5.9K −$4.23/SF
NOI
$17.8K $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%
$355,700
Cap Rate 7%
$254,071
Cap Rate 9%
$197,611
Alternative Uses
Best Use
Office B
$254.1K
$222.3K – $296.4K
NOI $17,785 @ 7.0% cap · market cap 5.16%
Second Best
Mixed Use
$187.3K
$163.9K – $218.5K
NOI $13,112 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$325.2K
$284.6K – $379.4K
NOI $22,765 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
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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Frequently Asked Questions
What type of property is this?
Live-work space - Renovated brick live-work/office building with open first-floor layout, private second-floor rooms, and off-street parking.
Where is this live-work space located?
The property is located at 141 S 32ND STREET Camp Hill, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Fully renovated 1926 brick building in Camp Hill Borough, zoned MDRO‑1 (Medium Density Residential Office).; Move‑in ready interior with new flooring, walls, insulation, windows, renovated bathrooms, and a fully renovated kitchen.; First floor open layout with reception/collaborative workspace plus half bath and laundry.
