Restaurant Space with Fifty
For Sale
$80,000
3401 HARTZDALE DRIVE, Camp Hill, PA 17011
Existing restaurant space configured for breakfast, lunch, and dinner service.
Property Size1,200 SF
Price / SF$66.67
Days on Market52
Property Features for 3401 HARTZDALE DRIVE
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Business
Additional Details
Furnished
Yes
Seating Capacity
50
Building Details
Year Built
1990
Listing Agency:
Alpha State Realty
(717) 243-5400
Listed By:
Charlie Mallios · License #RS174760L
(717) 226-2127
Source:
Cummingsrealtors
Added: Jul 30
Changed: Sep 18
Last Checked: Sep 18 at 7:37AM
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 Alpha State Realty
Investment Insights
Based on property information with market context.
This restaurant space is configured for customer dining with seating for 50 guests. The property is identified for breakfast, lunch, and dinner service, providing an established restaurant-oriented layout for continued food-service use.
Located at 3401 Hartzdale Drive in Camp Hill, Pennsylvania, the property is part of a building constructed in 1990. The available information identifies the premises as restaurant space and does not provide additional verified details regarding equipment, kitchen configuration, or other improvements.
Located at 3401 Hartzdale Drive in Camp Hill, Pennsylvania, the property is part of a building constructed in 1990. The available information identifies the premises as restaurant space and does not provide additional verified details regarding equipment, kitchen configuration, or other improvements.
Key Highlights
- Seating for 50 customers
- Restaurant space identified for breakfast, lunch, and dinner service
- 3401 Hartzdale Drive, Camp Hill, PA 17011
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
$6,747
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
8.43%
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%
$134,940
$134.9K
Cap Rate 7%
$96,386
$96.4K
Cap Rate 9%
$74,967
$75.0K
Market Conditions
NOI Build-Up for 1,200 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
$10.1K $8.42/SF
− Vacancy
−$465 −$0.39/SF
EGI
$9.6K $8.03/SF
− OpEx
−$2.9K −$2.41/SF
NOI
$6.7K $5.62/SF
Area
Cumberland County, PA
Vacancy
4.60%
Lease Rate
$8.42 /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%
$134,940
Cap Rate 7%
$96,386
Cap Rate 9%
$74,967
Alternative Uses
Best Use
Specialty Retail
$176.8K
$154.7K – $206.3K
NOI $12,377 @ 7.0% cap · market cap 15.47%
Second Best
Industrial
$96.4K
$84.3K – $112.5K
NOI $6,747 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$278.8K
$243.9K – $325.2K
NOI $19,513 @ 7.0% cap · market cap 24.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
593k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 34%
Dining 28%
Superstores 20%
Groceries 13%
Walmart
Superstores
116,426 visits/mo
0.1 miles
DICK'S Sporting Goods
Apparel
82,117 visits/mo
0.4 miles
Trader Joe's
Groceries
65,644 visits/mo
0.5 miles
Chick-fil-A
Dining
56,080 visits/mo
0.4 miles
Macy's
Apparel
55,636 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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant space configured for breakfast, lunch, and dinner service.
Where is this conventional restaurant located?
The property is located at 3401 HARTZDALE DRIVE Camp Hill, PA.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Seating for 50 customers; Restaurant space identified for breakfast, lunch, and dinner service; 3401 Hartzdale Drive, Camp Hill, PA 17011
