Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    20 Erford Rd Lemoyne, PA 17043

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A office building with convenient access and renovated parking.

    Type:Office
    Added:
    Jul 10, 2023
    Days on Market:
    1031
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 20 Erford Rd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1978

    Spaces For Lease

    at 20 Erford Rd Contact us

    Suite 101 $18 /Mo

    Size
    1,210 SF
    Type
    Office
    Suite 101 currently has 1,210 RSF available for lease. Landlord is offering TI commensurate...
    show more
    Contact us

    Suite 200B $18 /Mo

    Size
    1,100 SF
    Type
    Office
    Suite 200B currently has 1,100 RSF available for lease. Landlord is offering TI commensurate...
    show more
    Contact us

    Suite 215 $18 /Mo

    Size
    3,286 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Tracey Tressler

    Listing agent Tracey Tressler License #RM425386

    Listing office Linlo Properties

    Listing date Jul 10, 2023

    Source Crexi

    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 Linlo Properties

    Overview

    Class A Office Space Available

    This building offers small businesses the opportunity to occupy Class A office space. On-site ownership and management actively update and maintain the building. The property is located in the West Shore Business Corridor, providing access to both the West Shore and Downtown Harrisburg via Route 15 and the Harvey Taylor Bridge. Local shopping, restaurants, and a convention center are located within walking distance. A recently renovated parking garage provides protected parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lemoyne
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9006
    Latitude
    40.2478

    Nearby Similar for Lease

    • $800/Mo

      Single Office Suite For Lease

      Office suite for lease with utilities and receptionist included.
      510 N FRONT Street, LEMOYNE, PA 17043
      View Details
    • Contact for pricing

      Retail Space in Hetley Plaza

      3,954 SF retail space in Lemoyne's commercial corridor.
      1015 Market Street, Lemoyne, PA 17043
      View Details
    • $5 SF/Yr

      Versatile Flex Warehouse Space Available

      Flex warehouse with office space, high visibility, and easy access.
      Lemoyne, PA 17043
      View Details
    • $14 SF/Yr

      Renovated Office Suite on Mumma

      5,500 SF office suite with private entrance and parking.
      1019 Mumma Rd, Lemoyne, PA
      View Details
    • $11 SF/Yr

      Colonial Office Building For Lease

      Multi-tenant office building with high visibility and easy access.
      1013 Mumma Road, Lemoyne, PA 17043
      View Details
    • $18 SF/Yr

      Updated Office Suite in Lemoyne

      Updated office suite with private offices and excellent window lines.
      600 N. 12th Street, Lemoyne, PA 17043
      View Details
    • $17 SF/Yr

      Retail Space in Hetley Plaza

      Retail space for lease in Lemoyne's commercial corridor.
      1011-1015 Market Street, Lemoyne, PA 17043
      View Details
    • $14 SF/Yr

      Versatile Suites for Lease

      Office, retail, or medical suites available for lease.
      711-717 Market St, Lemoyne, PA
      View Details
    • $19 SF/Yr

      Lemoyne Retail/Office/Medical Suites Available

      Two suites available in Lemoyne, ideal for office, retail, or medical.
      717 Market St, Lemoyne, PA 17043
      View Details
    • $1.00 SF/Yr

      Office Suite For Lease

      Office suite for lease including all CAM charges and utilities.
      510 N FRONT STREET, LEMOYNE, PA 17043
      View Details
    • $12 SF/Yr

      West Shore Office Space Available

      Office space for lease in a prime business corridor.
      1029 Mumma Road, Lemoyne, PA 17043
      View Details
    • $7 SF/Yr

      Lemoyne Flex Warehouse Space

      Low-cost industrial space with dock and drive-in loading.
      21 S 3rd St, Lemoyne, PA
      View Details

    FAQs

    What type of property is this?
    Office building - Class A office building with convenient access and renovated parking.
    Where is this office building located?
    The property is located at 20 Erford Rd Lemoyne, PA.
    What are key features of this property?
    This property features: Class A office space at a reasonable price.; Convenient access to West Shore and Downtown Harrisburg via Route 15 and Harvey Taylor Bridge.; On‑site ownership and management actively maintain and update the building.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tracey Tressler
    Real Estate License ID: RM425386
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    20 Erford Rd, Lemoyne, PA 17043
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!