Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21 Waterford Dr Mechanicsburg, PA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $19 SF/Yr

    Class A medical office suite in Mechanicsburg's Waterford Building.

    Type:OFFICE
    Property size:
    4,250 SF
    Lot size:
    3.73 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    128
    Last Refresh:
    Mar 29 at 9:30 pm

    Property Features for 21 Waterford Dr

    General Information

    Standard status
    Active
    Size
    4,250 SF
    Lot size
    3.73 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 21 Waterford Dr Contact us

    We can help!

    Listing Contact
    Bogumila ‘Bo’ Mangam
    Bogumila ‘Bo’ Mangam

    Listing agent Bogumila ‘Bo’ Mangam License ##RS327513

    Listing office Landmark Commercial Realty

    Listing date Nov 24, 2025

    Source Moodyscre

    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

    Overview

    Mechanicsburg Medical Office Suite

    A medical office suite is available for lease in Mechanicsburg's Waterford Building. The suite, previously configured for a physical therapy practice, features upscale finishes. The building is located along Route 11 (Carlisle Pike), visible from Carlisle Pike, and positioned west of the Cumberland Valley Educational Campus. It offers access to I-81 via the Middlesex and Route 114 Mechanicsburg interchanges. The surrounding area includes newly built residential communities and is near the Cumberland Valley High School campuses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicsburg
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.0711
    Latitude
    40.2367

    Nearby Similar for Lease

    • Contact for pricing

      Mechanicsburg Retail and Office Spaces

      Renovated retail and office spaces with ample parking available for lease.
      5275 E TRINDLE Road, MECHANICSBURG, PA 17050
      View Details
    • Contact for pricing

      Carlisle Pike Retail/Office Space

      Highly visible space on Carlisle Pike, suitable for office/retail.
      5515-5521 Carlisle Pike, Mechanicsburg, PA 17050
      View Details
    • $17/mo

      Mechanicsburg Corner Office Suite

      Two-story office building with renovated 1,540 SF corner suite.
      2 Kacey Court, Mechanicsburg, PA 17055
      View Details
    • Contact for pricing

      Office Space in Mechanicsburg, PA

      Professional office space available for lease in Mechanicsburg, PA.
      CUMBERLAND Parkway, MECHANICSBURG, PA 17055
      View Details
    • $14/mo

      Mechanicsburg Office Space For Rent

      Office space in Mechanicsburg with private offices, reception, and kitchenette.
      5 Kacey Court, Mechanicsburg, PA 17055
      View Details
    • $9/mo

      Mechanicsburg Office and Flex Suites

      Adaptable office and flex suites in a well-maintained business park.
      5095 Ritter Road, Mechanicsburg, PA 17055
      View Details
    • Contact for pricing

      Carlisle Pike Retail/Office Space

      Highly visible retail or office spaces on Carlisle Pike.
      5521 Carlisle Pike, Mechanicsburg, PA
      View Details
    • $14/mo

      Modern Office Space Available

      Attractive office building with flexible floor plans and highway access.
      5020 Richard Lane, Mechanicsburg, PA 17055
      View Details
    • $9/mo

      Mechanicsburg Office/Flex Suites Available

      Adaptable office and flex suites in well-maintained Mechanicsburg business park.
      5095 Ritter Road, Mechanicsburg, PA 17055
      View Details
    • $17/mo

      Class A Office Suite Available

      7,088 SF Class A office space with solar power.
      4550 Lena Drive, Mechanicsburg, PA 17055
      View Details
    • $18/mo

      Renovated Office Suites For Lease

      Newly renovated office suites with ample natural light and parking.
      4900 Ritter Rd, Mechanicsburg, PA
      View Details
    • $21/mo

      Prestigious Office Space in Mechanicsburg

      Office space available in Bent Creek Business Park.
      1700 Bent Creek Boulevard, Mechanicsburg, PA 17050
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Class A medical office suite in Mechanicsburg's Waterford Building.
    Where is this medical office space located?
    The property is located at 21 Waterford Dr Mechanicsburg, PA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Class "A" medical office suite with upscale finishes.; Previously used for a physical therapy practice.; Strategically located in an up‑and‑coming medical office corridor.
    (717) 805-4166
    We can help!
    Listing Contact
    Bogumila ‘Bo’ Mangam
    Bogumila ‘Bo’ Mangam
    Real Estate License ID: #RS327513
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!