Mixed-Use Property with Commercial
New
For Sale
$499,900
534 Stanley Ave, Chambersburg, PA 17201
Combines a three-bedroom, one-bath residence with commercial space for live-work use.
Property Size2,800 SF
Price / SF$178.54
Days on Market2
Property Features for 534 Stanley Ave
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Business Opportunity
Building Details
Year Built
1949
Listing Agency:
RE/MAX Realty Agency, Inc.
Listed By:
Robert J Hickey
Source:
Riverfoxrealty
Added: Sep 6
Last Checked: Sep 6 at 7:30AM
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 RE/MAX Realty Agency, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 2,800-square-foot building with a three-bedroom, one-bath residential home and an adjoining commercial component. The layout brings residential and business space together within one property, supporting live-work occupancy or separate use of the commercial area.
Built in 1949, the property is located at 534 Stanley Avenue in Chambersburg, Pennsylvania. Its combined residential and commercial configuration provides a straightforward option for an owner-user seeking on-site business space, subject to applicable requirements for the intended use.
Built in 1949, the property is located at 534 Stanley Avenue in Chambersburg, Pennsylvania. Its combined residential and commercial configuration provides a straightforward option for an owner-user seeking on-site business space, subject to applicable requirements for the intended use.
Key Highlights
- 2,800‑square‑foot mixed‑use property
- Three‑bedroom, one‑bath residential home
- Commercial space included on the property
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
$37,775
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
7.56%
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%
$755,500
$755.5K
Cap Rate 7%
$539,643
$539.6K
Cap Rate 9%
$419,722
$419.7K
Market Conditions
NOI Build-Up for 2,800 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
$56.1K $20.04/SF
− Vacancy
−$5.7K −$2.05/SF
EGI
$50.4K $17.99/SF
− OpEx
−$12.6K −$4.50/SF
NOI
$37.8K $13.49/SF
Area
Franklin County, PA
Vacancy
10.24%
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%
$755,500
Cap Rate 7%
$539,643
Cap Rate 9%
$419,722
Alternative Uses
Best Use
Specialty Retail
$539.6K
$472.2K – $629.6K
NOI $37,775 @ 7.0% cap · market cap 7.56%
Second Best
Office B
$493.0K
$431.4K – $575.2K
NOI $34,509 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$678.9K
$594.1K – $792.1K
NOI $47,524 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 17201, PA
27,556
Population
12,749
Households
2.2
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
19.1 sq mi
ZIP Area
1,443
Density / Sq Mi
$59,645
Median Household Income
$42,500
Median Earnings
$1,109
Median Rent
$206,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines a three-bedroom, one-bath residence with commercial space for live-work use.
Where is this mixed-use property located?
The property is located at 534 Stanley Ave Chambersburg, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,800‑square‑foot mixed‑use property; Three‑bedroom, one‑bath residential home; Commercial space included on the property
