Updated Office
For Sale
Contact for pricing
5021 Louise Dr, Mechanicsburg, PA 17055
Partially leased professional office property with renovated common areas, upgraded building systems, and flexible available space.
Property Size8,905 SF
Price / SF$291.41
Days on Market1915
Property Features for 5021 Louise Dr
General Information
Standard status
Active
Size
8,905 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Landmark Commercial Realty
(717) 731-1990
Listed By:
Michael Curran
(717) 805-9277
Source:
Moodyscre
Added: Jul 20, 2021
Changed: Oct 1
Last Checked: Oct 16 at 11:08AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,905-square-foot office building is partially leased and includes a long-term lease in place. Available configurations range from 2,104 SF to 8,905 SF, supporting continued occupancy or a potential sale-leaseback structure. Recent work includes replacement HVAC units, upgraded security and fire alarm systems, new interior and exterior lighting, refreshed lobby and common areas, updated landscaping, a new retaining wall, and resurfacing of the parking lot.
Rossmoyne Business Center is positioned near US-15 and the I-76 Pennsylvania Turnpike, with access to I-83, US-11, and I-81. Lodging, restaurants, and other amenities are located nearby.
Rossmoyne Business Center is positioned near US-15 and the I-76 Pennsylvania Turnpike, with access to I-83, US-11, and I-81. Lodging, restaurants, and other amenities are located nearby.
Key Highlights
- 8,905‑square‑foot office building with available space from 2,104 SF to 8,905 SF
- Partially leased property with a long‑term lease in place
- New HVAC units, security and fire alarm systems, and interior and exterior lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,125
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,262,500
$2.3M
Cap Rate 7%
$1,616,071
$1.6M
Cap Rate 9%
$1,256,944
$1.3M
Market Conditions
NOI Build-Up for 8,905 SF
Gross rent
$160.3K $18.00/SF
− Vacancy
−$9.5K −$1.06/SF
EGI
$150.8K $16.94/SF
− OpEx
−$37.7K −$4.23/SF
NOI
$113.1K $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%
$2,262,500
Cap Rate 7%
$1,616,071
Cap Rate 9%
$1,256,944
Alternative Uses
Best Use
Office B
$1.62M
$1.41M – $1.89M
NOI $113,125 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,800 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
443
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Partially leased professional office property with renovated common areas, upgraded building systems, and flexible available space.
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: 8,905‑square‑foot office building with available space from 2,104 SF to 8,905 SF; Partially leased property with a long‑term lease in place; New HVAC units, security and fire alarm systems, and interior and exterior lighting
