Gutted Office
For Sale
Contact for pricing
Pending
4107 Linglestown Road, Harrisburg, PA 17112
Partially open interiors across two levels offer a flexible starting point for office or mixed-use redevelopment.
Property Size1,920 SF
Days on Market160
Property Features for 4107 Linglestown Road
General Information
Standard status
Pending
Size
1,920 SF
Total Parking Spaces
10
Property subtype
Retail, Office
Zoning
Business Campus (BC)
Investment Type
Owner/User
Building Details
Year Built
1970
Buildings
1
Stories
2
Building Size
1,920 SF
Listing Agency:
NAI CIR
Listed By:
William Gladstone · License #PA RS163443A
(717) 761-5070
Source:
Crexi
Added: Apr 6
Changed: Sep 10
Last Checked: Sep 11 at 4:49AM
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 NAI CIR
Investment Insights
Based on property information with market context.
This 1,920-square-foot office building has been fully gutted, leaving partially open interiors on both the main and lower levels. The existing configuration provides a basic framework for a new office, commercial, or mixed-use concept while allowing substantial customization. The property sits on nearly an acre, creating room for parking, expansion, or outdoor improvements as planning permits.
Located at 4107 Linglestown Rd in Harrisburg, Pennsylvania, the property offers a redevelopment opportunity within the Linglestown Road corridor. Its two-level layout and sizable land component provide the principal physical features for repositioning the asset.
Located at 4107 Linglestown Rd in Harrisburg, Pennsylvania, the property offers a redevelopment opportunity within the Linglestown Road corridor. Its two-level layout and sizable land component provide the principal physical features for repositioning the asset.
Key Highlights
- 1,920 SF office building
- Fully gutted interior ready for redevelopment
- Partially open floor plan on main and lower levels
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
$24,673
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
7.62%
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%
$493,460
$493.5K
Cap Rate 7%
$352,471
$352.5K
Cap Rate 9%
$274,144
$274.1K
Market Conditions
NOI Build-Up for 1,920 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
$38.5K $20.04/SF
− Vacancy
−$5.6K −$2.91/SF
EGI
$32.9K $17.13/SF
− OpEx
−$8.2K −$4.28/SF
NOI
$24.7K $12.85/SF
Area
Dauphin County, PA
Vacancy
14.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
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%
$493,460
Cap Rate 7%
$352,471
Cap Rate 9%
$274,144
Alternative Uses
Best Use
Office B
$352.5K
$308.4K – $411.2K
NOI $24,673 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.54M
$3.09M – $4.13M
NOI $247,536 @ 7.0% cap · market cap 76.40%
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
391
Businesses Nearby
Explore this area
Business Placement
Demographics for 17112, PA
37,137
Population
16,026
Households
2.3
Avg Household Size
44
Median Age
44%
College-Educated
95%
High-School Grad
69.6 sq mi
ZIP Area
534
Density / Sq Mi
$101,784
Median Household Income
$55,056
Median Earnings
$1,400
Median Rent
$290,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Partially open interiors across two levels offer a flexible starting point for office or mixed-use redevelopment.
Where is this office building located?
The property is located at 4107 Linglestown Road Harrisburg, PA.
What is the asking price?
The asking price for this property is $324,000.
What are key features of this property?
This property features: 1,920 SF office building; Fully gutted interior ready for redevelopment; Partially open floor plan on main and lower levels
