Storefront Property with Office
New
For Sale
$350,000
601 N MOUNTAIN ROAD, Harrisburg, PA 17112
A signalized corner location is less than a quarter mile from Interstate 81.
Property Size1,500 SF
Price / SF$233.33
Days on Market3
Property Features for 601 N MOUNTAIN ROAD
General Information
Standard status
Active
Size
1,500 SF
Total Parking Spaces
12
Property subtype
Commercial
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1969
Listing Agency:
ExecuHome Realty-Hanover
(443) 632-3000
Listed By:
PREM KHANAL · License #332873
(717) 802-7568
Source:
Cummingsrealtors
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 10:08AM
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 ExecuHome Realty-Hanover
Investment Insights
Based on property information with market context.
This vacant commercial storefront includes a front reception area and additional office space in the basement, along with a conference room and storage. The building was constructed in 1969 and has previously housed a chiropractic office, smoke shop, and grocery store. Commercial zoning is reported for the property; permitted uses are subject to township review.
The property occupies a corner along N. Mountain Road, where a traffic light is present. Interstate 81 is less than a quarter mile away.
The property occupies a corner along N. Mountain Road, where a traffic light is present. Interstate 81 is less than a quarter mile away.
Key Highlights
- Vacant storefront with a front reception area
- Basement includes office space, a conference room, and storage
- Corner property on N. Mountain Road with a traffic light
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
$15,041
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
4.30%
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%
$300,820
$300.8K
Cap Rate 7%
$214,871
$214.9K
Cap Rate 9%
$167,122
$167.1K
Market Conditions
NOI Build-Up for 1,500 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
$22.5K $15.00/SF
− Vacancy
−$1.0K −$0.68/SF
EGI
$21.5K $14.33/SF
− OpEx
−$6.4K −$4.30/SF
NOI
$15.0K $10.03/SF
Area
Dauphin County, PA
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$300,820
Cap Rate 7%
$214,871
Cap Rate 9%
$167,122
Alternative Uses
Best Use
Specialty Retail
$2.76M
$2.42M – $3.22M
NOI $193,388 @ 7.0% cap · market cap 55.25%
Second Best
Retail
$214.9K
$188.0K – $250.7K
NOI $15,041 @ 7.0% cap · market cap 4.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 27%
Home Improvements & Furnishings 22%
Hotels & Casinos 15%
Turkey Hill Minit Market
Shops & Services
11,955 visits/mo
0.1 miles
Hornungs Ace Hardware
Home Improvements & Furnishings
9,472 visits/mo
0.2 miles
SUBWAY
Dining
7,770 visits/mo
0.1 miles
Ramada
Hotels & Casinos
4,281 visits/mo
0.4 miles
Giovanni's Pizza
Dining
3,909 visits/mo
0.4 miles
Demographics for 17112, PA
37,137
Population
16,026
Households
2.3
Avg Household Size
44
Median Age
44%
College-Educated
95%
High-School Grad
69.6 sq mi
ZIP Area
534
Density / Sq Mi
$101,784
Median Household Income
$55,056
Median Earnings
$1,400
Median Rent
$290,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - A signalized corner location is less than a quarter mile from Interstate 81.
Where is this storefront property located?
The property is located at 601 N MOUNTAIN ROAD Harrisburg, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Vacant storefront with a front reception area; Basement includes office space, a conference room, and storage; Corner property on N. Mountain Road with a traffic light
