Camp Hill Warehouse and
For Sale
$5,900,000
3825 Hartzdale Dr, Camp Hill, PA 17011
60,000 SF warehouse and retail space for sale.
Property Size60,000 SF
Lot Size5.74 Acres
Price / SF$98.33
Days on Market168
Property Features for 3825 Hartzdale Dr
General Information
Standard status
Active
Size
60,000 SF
Lot size
5.74 Acres
Property subtype
Industrial
Building Details
Building Size
60,000 SF
Year Built
1980
Listing Agency:
(717) 421-1943
Listed By:
Jason Grace, CCIM, SIOR · License #PA #AB065863
(717) 421-1943
Source:
Tcnworldwide
Added: Mar 6
Changed: Aug 11
Last Checked: Aug 20 at 5:45AM
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 Jason Grace, CCIM, SIOR
Investment Insights
Based on property information with market context.
This 60,000 SF building on 5.74 acres in Camp Hill, PA, offers an excellent opportunity for purchase. The property features 20,000 SF of office or retail space and 40,000 SF of warehouse space. The warehouse includes 5 docks and 1 drive-in door. The entire building is climate and humidity controlled. Zoned Regional Commercial, the property allows for expansive industrial and retail permitted uses. Ample parking is available, with 75 car spaces and 13+ trailer parking spaces. The property benefits from high visibility and excellent signage along the Hartzdale Drive corridor. Its location provides easy access to US-15, I-76 PA Turnpike, I-81, I-83, US-11, and Harrisburg International Airport. The property is located next to BJ's Wholesale Club on Hartzdale Drive and near Walmart Supercenter and The Capital City Mall, which features Dick's Sporting Goods, Macy's, JC Penney's, Sportsman's Warehouse, and Dave & Buster's.
Key Highlights
- 60,000 SF free‑standing building with 20,000 SF office/retail space and 40,000 SF warehouse space
- Climate and humidity controlled throughout the entire building
- Zoned Regional Commercial, allowing for expansive industrial and retail uses
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
$409,667
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
6.94%
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%
$8,193,340
$8.2M
Cap Rate 7%
$5,852,386
$5.9M
Cap Rate 9%
$4,551,856
$4.6M
Market Conditions
NOI Build-Up for 60,000 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
$505.2K $8.42/SF
− Vacancy
−$23.2K −$0.39/SF
EGI
$482.0K $8.03/SF
− OpEx
−$72.3K −$1.20/SF
NOI
$409.7K $6.83/SF
Area
Cumberland County, PA
Vacancy
4.60%
Lease Rate
$8.42 /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%
$8,193,340
Cap Rate 7%
$5,852,386
Cap Rate 9%
$4,551,856
Alternative Uses
Best Use
Warehouse
$5.85M
$5.12M – $6.83M
NOI $409,667 @ 7.0% cap · market cap 6.94%
Second Best
Industrial
$4.82M
$4.22M – $5.62M
NOI $337,373 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$13.94M
$12.20M – $16.26M
NOI $975,629 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 60,000 SF warehouse and retail space for sale.
Where is this flex space located?
The property is located at 3825 Hartzdale Dr Camp Hill, PA.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 60,000 SF free‑standing building with 20,000 SF office/retail space and 40,000 SF warehouse space; Climate and humidity controlled throughout the entire building; Zoned Regional Commercial, allowing for expansive industrial and retail uses
