Flex Building with Office and
For Sale
$599,900
201 Sunset Boulevard E, Chambersburg, PA 17202
Combination commercial space with shipping, office, and warehouse areas.
Property Size5,000 SF
Price / SF$122.30
Days on Market21
Property Features for 201 Sunset Boulevard E
General Information
Standard status
Active
Size
5,000 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
2008
Buildings
1
Building Size
5,000 SF
Construction
metal
Listing Agency:
The Berkstresser Realty Group
(717) 860-4717
Listed By:
Wayne R Berkstresser · License #RS190346L
Source:
Lgagne
Added: Aug 10
Changed: Aug 29
Last Checked: Aug 29 at 11:46AM
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 The Berkstresser Realty Group
Investment Insights
Based on property information with market context.
This 4,905-square-foot flex building combines warehouse, shipping, and office areas within a commercial layout. Constructed in 2008, the property has a fully metal exterior, three heating and cooling zones, public water and sewer, and two handicap-accessible restrooms.
The corner-lot property offers access to Route 11 and I-81. The space is identified for a range of potential applications, including light assembly, meeting use, supply operations, church, dance studio, education center, controlled-environment storage, retail, professional office, medical, dental, clinical, and veterinary uses.
The corner-lot property offers access to Route 11 and I-81. The space is identified for a range of potential applications, including light assembly, meeting use, supply operations, church, dance studio, education center, controlled-environment storage, retail, professional office, medical, dental, clinical, and veterinary uses.
Key Highlights
- 4,905‑square‑foot commercial flex building
- Combination warehouse, shipping, and office configuration
- Built in 2008 with fully metal exterior
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
$34,753
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
5.79%
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%
$695,060
$695.1K
Cap Rate 7%
$496,471
$496.5K
Cap Rate 9%
$386,144
$386.1K
Market Conditions
NOI Build-Up for 4,905 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
$43.3K $8.83/SF
− Vacancy
−$2.4K −$0.49/SF
EGI
$40.9K $8.34/SF
− OpEx
−$6.1K −$1.25/SF
NOI
$34.8K $7.09/SF
Area
Franklin County, PA
Vacancy
5.60%
Lease Rate
$8.83 /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%
$695,060
Cap Rate 7%
$496,471
Cap Rate 9%
$386,144
Alternative Uses
Best Use
Office B
$863.6K
$755.7K – $1.01M
NOI $60,452 @ 7.0% cap · market cap 10.08%
Second Best
Warehouse
$496.5K
$434.4K – $579.2K
NOI $34,753 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,252 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 17202, PA
30,805
Population
12,925
Households
2.4
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
118.1 sq mi
ZIP Area
261
Density / Sq Mi
$94,366
Median Household Income
$49,471
Median Earnings
$1,094
Median Rent
$257,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- MONAFAM — 5275 Lockaber Ave, Chambersburg, PA 17202
Frequently Asked Questions
What type of property is this?
Flex space - Combination commercial space with shipping, office, and warehouse areas.
Where is this flex space located?
The property is located at 201 Sunset Boulevard E Chambersburg, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 4,905‑square‑foot commercial flex building; Combination warehouse, shipping, and office configuration; Built in 2008 with fully metal exterior
