Office Building Near Major
5020 RITTER ROAD #203, Mechanicsburg, PA 17055
For Sale
Contact for pricing
Office property within a business center featuring hotels, restaurants, retail, childcare, and service-oriented businesses.
Property Size30,800 SF
Price / SF$0.62
Days on Market97
Property Features for 5020 RITTER ROAD #203
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Building Details
Year Built
Listing Agency:
High Associates Ltd.
(717) 293-4477
Listed By:
Chad Royer · License #RS354990
(717) 406-0576
Source:
Cummingsrealtors
Added: Aug 5
Changed: Nov 8
Last Checked: Nov 8 at 7:03AM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property is located at 5020 Ritter Road, #203, within the Rossmoyne Business Center in Lower Allen Township, Cumberland County. The property was built in 1987 and is identified with a 30,800 property size.
The setting connects with the Pennsylvania Turnpike and PA Route 15, placing the office within a commercial center that includes four hotels, restaurants, childcare centers, an animal hospital, and a retail strip center. Additional nearby businesses at The Shoppes at Rossmoyne include China Tea House, Italian Delight, MoMoBBQ, a dog groomer, a nail salon, and a wellness spa. Generous landscaping contributes to the property's established business-center setting.
The setting connects with the Pennsylvania Turnpike and PA Route 15, placing the office within a commercial center that includes four hotels, restaurants, childcare centers, an animal hospital, and a retail strip center. Additional nearby businesses at The Shoppes at Rossmoyne include China Tea House, Italian Delight, MoMoBBQ, a dog groomer, a nail salon, and a wellness spa. Generous landscaping contributes to the property's established business-center setting.
Key Highlights
- 30,800 property size
- Built in 1987
- Located at 5020 Ritter Road, #203, Mechanicsburg, PA 17055
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$391,268
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,825,360
$7.8M
Cap Rate 7%
$5,589,543
$5.6M
Cap Rate 9%
$4,347,422
$4.3M
Market Conditions
NOI Build-Up for 30,800 SF
Gross rent
$554.4K $18.00/SF
− Vacancy
−$32.7K −$1.06/SF
EGI
$521.7K $16.94/SF
− OpEx
−$130.4K −$4.23/SF
NOI
$391.3K $12.70/SF
Area
Cumberland County, PA
Vacancy
5.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,825,360
Cap Rate 7%
$5,589,543
Cap Rate 9%
$4,347,422
Alternative Uses
Best Use
Office B
$5.59M
$4.89M – $6.52M
NOI $391,268 @ 7.0% cap · market cap 2,052.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.15M
$6.26M – $8.35M
NOI $500,823 @ 7.0% cap · market cap 2,626.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Explore this area
Business Placement
Demographics for 17055, PA
40,353
Population
18,994
Households
2.1
Avg Household Size
42
Median Age
47%
College-Educated
97%
High-School Grad
39.2 sq mi
ZIP Area
1,029
Density / Sq Mi
$95,542
Median Household Income
$55,923
Median Earnings
$1,320
Median Rent
$266,400
Median Home Value
Market
Properties on Market for Office buildings in Cumberland County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office property within a business center featuring hotels, restaurants, retail, childcare, and service-oriented businesses.
Where is this office building located?
The property is located at 5020 RITTER ROAD #203 Mechanicsburg, PA.
What are key features of this property?
This property features: 30,800 property size; Built in 1987; Located at 5020 Ritter Road, #203, Mechanicsburg, PA 17055
