Corner Flex Space With
For Sale
$314,900
756 S Main St, Chambersburg, PA 17201
Brick commercial building with adaptable interiors, level entry, public utilities, and dedicated on-site parking.
Property Size2,572 SF
Lot Size0.32 Acres
Price / SF$122.43
Days on Market42
Property Features for 756 S Main St
General Information
Standard status
Active
Size
2,572 SF
Total Parking Spaces
6
Lot size
0.32 Acres
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1981
Construction
brick
Listing Agency:
RE/MAX Realty Agency, Inc.
(717) 729-6202
Listed By:
Robert J Hickey · License #AB049012L
Source:
Ginalaird
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 29 at 11:39PM
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.
Built in 1981, this brick flex property occupies a corner lot with an adaptable interior suited to professional services, retail, medical, salon or spa, fitness, daycare, and general office applications. The building includes level-entry access, public utilities, electric heat, and central A/C, providing a practical foundation for a range of commercial operations.
The 0.32-acre site includes a paved parking area with six dedicated spaces. The property is identified on Route 11 and carries a Chambersburg, Pennsylvania address, providing a defined setting for businesses seeking a flexible commercial location.
The 0.32-acre site includes a paved parking area with six dedicated spaces. The property is identified on Route 11 and carries a Chambersburg, Pennsylvania address, providing a defined setting for businesses seeking a flexible commercial location.
Key Highlights
- Flex property on a 0.32‑acre corner lot
- Brick building constructed in 1981
- Paved parking lot with six dedicated spaces
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
$17,991
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
5.71%
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%
$359,820
$359.8K
Cap Rate 7%
$257,014
$257.0K
Cap Rate 9%
$199,900
$199.9K
Market Conditions
NOI Build-Up for 2,572 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
$29.3K $11.40/SF
− Vacancy
−$1.6K −$0.64/SF
EGI
$27.7K $10.76/SF
− OpEx
−$9.7K −$3.77/SF
NOI
$18.0K $7.00/SF
Area
Franklin County, PA
Vacancy
5.60%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
35.00%
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%
$359,820
Cap Rate 7%
$257,014
Cap Rate 9%
$199,900
Alternative Uses
Best Use
Flex RnD
$257.0K
$224.9K – $299.9K
NOI $17,991 @ 7.0% cap · market cap 5.71%
Second Best
Industrial
$214.4K
$187.6K – $250.1K
NOI $15,007 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$623.6K
$545.7K – $727.6K
NOI $43,654 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Under-served
Demand for This Use
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 Industrial 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?
Flex space - Brick commercial building with adaptable interiors, level entry, public utilities, and dedicated on-site parking.
Where is this flex space located?
The property is located at 756 S Main St Chambersburg, PA.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Flex property on a 0.32‑acre corner lot; Brick building constructed in 1981; Paved parking lot with six dedicated spaces
