Professional Office Building in
5021 Louise Dr, Mechanicsburg, PA 17055
For Sale
Contact for pricing
Single-story office building with recent upgrades and excellent location.
Property Size14,923 SF
Price / SF$173.89
Days on Market283
Property Features for 5021 Louise Dr
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Occupancy
Investment Type
Building Details
Year Built
Year Renovated
Buildings
Stories
Tenancy
Listing Agency:
Landmark Commercial Realty
Listed By:
W. Jason Grace
(717) 421-1943
Source:
Crexi
Added: Feb 3
Changed: Nov 1
Last Checked: Nov 12 at 8:07AM
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 Landmark Commercial Realty
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Investment Insights
Based on property information with market context.
This single-story professional office building is located in the Rossmoyne Business Center. The property features window lines and natural light. The building is partially leased, presenting an opportunity for an owner/user with existing income. Flexible options are available with space ranging from 2,104 square feet up to 8,905 square feet. A potential sale-leaseback can provide long-term stability for investors or users seeking additional security. The building has benefited from $1 million in recent improvements, including new rooftop HVAC systems, upgraded security and fire alarm systems, a key fob access system, renovated lobby and common areas, enhanced interior and exterior lighting, a resurfaced parking lot, a new retaining wall, exterior building caulking, and a complete landscaping overhaul. The updates ensure a modern environment for professional office users. Situated off US-15 and the PA Turnpike (I-76), the Rossmoyne Business Center location provides connections to I-83, US-11, and I-81. The property is surrounded by hotels, restaurants, and other amenities. The property size is 14,923 square feet.
Key Highlights
- Strategic location in Rossmoyne Business Center with immediate access to US‑15 and the PA Turnpike (I‑76).
- Recent $1 Million renovation including new rooftop HVAC systems, upgraded security and fire alarm systems, key fob access, renovated lobby/common areas, enhanced lighting, resurfaced parking lot, and landscaping.
- Flexible space options available, ranging from 2,104 to 8,905 square feet.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$189,574
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,791,480
$3.8M
Cap Rate 7%
$2,708,200
$2.7M
Cap Rate 9%
$2,106,378
$2.1M
Market Conditions
NOI Build-Up for 14,923 SF
Gross rent
$268.6K $18.00/SF
− Vacancy
−$15.8K −$1.06/SF
EGI
$252.8K $16.94/SF
− OpEx
−$63.2K −$4.23/SF
NOI
$189.6K $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%
$3,791,480
Cap Rate 7%
$2,708,200
Cap Rate 9%
$2,106,378
Alternative Uses
Best Use
Office B
$2.71M
$2.37M – $3.16M
NOI $189,574 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.47M
$3.03M – $4.04M
NOI $242,655 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Single-story office building with recent upgrades and excellent location.
Where is this office building located?
The property is located at 5021 Louise Dr Mechanicsburg, PA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Strategic location in Rossmoyne Business Center with immediate access to US‑15 and the PA Turnpike (I‑76).; Recent $1 Million renovation including new rooftop HVAC systems, upgraded security and fire alarm systems, key fob access, renovated lobby/common areas, enhanced lighting, resurfaced parking lot, and landscaping.; Flexible space options available, ranging from 2,104 to 8,905 square feet.
