Building Details

Year Built 1949

Listing Agency: RE/MAX Realty Agency, Inc.

Listed By: Robert J Hickey · License #AB049012L Show Phone

Source: Tbhteam

Added: Sep 6 Changed: Oct 4 Last Checked: Oct 21 at 1:18AM

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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.

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 / Yr

$37,775

Cap Rate

7.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$755,500 $755.5K

Cap Rate 7%

$539,643 $539.6K

Cap Rate 9%

$419,722 $419.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,800 SF

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 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 (±1% cap)

NOI $37,775 @ 7.0% cap · market cap 7.56%

Second Best

Office B

$493.0K

$431.4K – $575.2K (±1% cap)

NOI $34,509 @ 7.0% cap · market cap 6.90%

Theoretical Best

Office A

$678.9K

$594.1K – $792.1K (±1% cap)

NOI $47,524 @ 7.0% cap · market cap 9.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods (Bike/Boat/Book/etc) Store Locksmith Bakery Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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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