Two-Story Professional Service
For Sale
Contact for pricing
2301 Gettysburg Rd, Camp Hill, PA 17011
Well-maintained two-floor commercial building with basement, equipped with plumbing on both floors for professional or service uses.
Property Size1,600 SF
Price / SF$218.75
Days on Market66
Property Features for 2301 Gettysburg Rd
General Information
Standard status
Active
Size
1,600 SF
Property subtype
RETAIL
Building Details
Stories
2
Listing Agency:
Landmark Commercial Realty
(717) 731-1990
Listed By:
Bogumila ‘Bo’ Mangam
(717) 805-4166
Source:
Moodyscre
Added: Jul 7
Changed: Sep 3
Last Checked: Sep 9 at 10:32AM
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
Investment Insights
Based on property information with market context.
This well-maintained commercial building offers approximately 1,600 square feet across two floors plus a basement, with a functional layout currently suited for professional or service-oriented uses. The building is described as previously operated as a salon for over 20 years and remains equipped with plumbing on both floors, supporting continued operation or adaptive reuse.
The property is positioned along the Gettysburg Road corridor in Lower Allen Township, noted for being highly traveled and providing strong visibility.
With substantial capital improvements already completed, the space is presented as a turnkey opportunity with efficient operating costs.
The property is positioned along the Gettysburg Road corridor in Lower Allen Township, noted for being highly traveled and providing strong visibility.
With substantial capital improvements already completed, the space is presented as a turnkey opportunity with efficient operating costs.
Key Highlights
- Well‑maintained ±1,600 SF commercial building with two floors plus a basement
- Includes plumbing on both floors, supporting professional or service‑oriented uses
- Previously operated as a salon for over ±20 years
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
$15,402
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
4.40%
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%
$308,040
$308.0K
Cap Rate 7%
$220,029
$220.0K
Cap Rate 9%
$171,133
$171.1K
Market Conditions
NOI Build-Up for 1,600 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
$23.0K $14.40/SF
− Vacancy
−$1.0K −$0.65/SF
EGI
$22.0K $13.75/SF
− OpEx
−$6.6K −$4.13/SF
NOI
$15.4K $9.63/SF
Area
Cumberland County, PA
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$308,040
Cap Rate 7%
$220,029
Cap Rate 9%
$171,133
Alternative Uses
Best Use
Retail
$220.0K
$192.5K – $256.7K
NOI $15,402 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$371.7K
$325.2K – $433.6K
NOI $26,017 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
154k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 76%
Shops & Services 22%
Dining 2%
Walmart
Superstores
116,426 visits/mo
0.4 miles
Dollar Tree
Shops & Services
22,280 visits/mo
0.5 miles
Sunoco
Shops & Services
5,874 visits/mo
0.3 miles
Batteries Plus Bulbs
Shops & Services
2,576 visits/mo
0.2 miles
Pizza Hut
Dining
1,949 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Elements Massage — 88 S 32nd St, Camp Hill, PA 17011
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Well-maintained two-floor commercial building with basement, equipped with plumbing on both floors for professional or service uses.
Where is this spa & wellness property located?
The property is located at 2301 Gettysburg Rd Camp Hill, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Well‑maintained ±1,600 SF commercial building with two floors plus a basement; Includes plumbing on both floors, supporting professional or service‑oriented uses; Previously operated as a salon for over ±20 years
