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

    5020 Richard Lane Mechanicsburg, PA 17055

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr

    Attractive office building with flexible floor plans and highway access.

    Type:Office
    Added:
    Mar 6, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 26 at 8:57 pm

    Property Features for 5020 Richard Lane

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1996

    Spaces For Lease

    at 5020 Richard Lane Contact us

    We can help!

    Listing Contact
    Aaron Skelly

    Listing agent Aaron Skelly License #RS354990

    Listing office High Associates Ltd.

    Listing date Mar 6, 2026

    Source Highassociates

    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 High Associates Ltd.

    Overview

    Modern Office Space Available

    This modern office building offers flexible floor plans suitable for various business needs. Lease terms are negotiable. The property provides ample parking for employees and visitors. It is conveniently located off the convergence of the PA Turnpike and PA Route 15 in the Rossmoyne Business Center, offering convenient access to major highways. The building provides 24/7 access. The layout can accommodate a demised plan, and the landlord is willing to participate in an allowance toward a tenant's buildout. The property is in close proximity to dining, retail, and other amenities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicsburg
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9632
    Latitude
    40.1988

    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
    • $19/mo

      Mechanicsburg Medical Office Suite

      Class A medical office suite in Mechanicsburg's Waterford Building.
      21 Waterford Dr, Mechanicsburg, PA
      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
    • $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?
    Office building - Attractive office building with flexible floor plans and highway access.
    Where is this office building located?
    The property is located at 5020 Richard Lane Mechanicsburg, PA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Convenient access to major highways including the PA Turnpike & PA Route 15.; Flexible floor plans to accommodate various business needs.; Negotiable lease terms to suit your business goals.
    (717) 209-4033
    We can help!
    Listing Contact
    Aaron Skelly
    Real Estate License ID: RS354990
    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!