Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Carlisle Office Suites For Rent Title is generated by Realmo AI

    8 S HANOVER STREET, Carlisle, PA 17013

    View on Map
    Claim this Listing
    For Lease
    $280 SF/Yr $15,166/Mo (calc)

    Office suites available in Carlisle's Central Business District.

    Type:Rental
    Property size:
    650 SF
    Added:
    Apr 18, 2022
    Days on Market:
    1504
    Last Refresh:
    May 19 at 9:46 pm

    Property Features for 8 S HANOVER STREET

    General Information

    Standard status
    Active
    Size
    650 SF
    Property subtype
    Rental

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Doug Pugh

    Listing agent Doug Pugh

    Listing office Sterling Property Management, Inc..

    Listing date Apr 18, 2022

    Source Exitrealty

    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 Sterling Property Management, Inc..

    HighLights

    • Located in Carlisle's Central Business District, next to the Cumberland County Court House.
    • Office suites available in various sizes (150 sf - 650 sf).
    • Ideal for start‑ups, satellite offices, or businesses benefiting from proximity to county offices.
    • Parking available in adjacent parking garage.
    • Shared kitchen and separate Men's and Women's restrooms.
    • Negotiable rates depending on lease term and improvements.

    Overview

    Office suites are available for rent, ranging in size from 150 to 650 square feet, located on the second floor of the Kronenberg Building. The space includes a shared kitchen and separate men's and women's restrooms. Rental rates are negotiable and depend on the lease term and any required improvements. The building is located on the square in Carlisle, in the Central Business District, next to the Cumberland County Court House. It is suitable for start-ups, satellite offices, or any business that benefits from proximity to county offices. Parking is available in an adjacent parking garage.
    Location Intelligence

    Current Use by Public Records

    Arlene A. Galla, RN Alternative Medicine Practice JS Business Solutions ... Business To Business Service Bic Susquehanna Church Premier Reporting, LLC Law Firm Carlisle Recovery Mobilization Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carlisle
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.1899237
    Latitude
    40.2008268

    Nearby Similar for Lease

    • $2,600/Mo

      Downtown Carlisle Retail/Office Space

      First floor retail or office space in downtown Carlisle, PA.
      17 N HANOVER Street, CARLISLE, PA 17013
      View Details
    • $1,200/Mo

      Downtown Carlisle Office Space Available

      Affordable professional office space in the heart of Downtown Carlisle.
      1 IRVINE Row, CARLISLE, PA 17013
      View Details
    • $5 SF/Yr
      18,496 SF

      Carlisle Office Space For Lease

      Office space for lease near downtown Carlisle and I-81.
      801 Belvedere Street (Lower Level), Carlisle, PA 17013
      View Details
    • Contact for pricing
      3,500 SF

      Carlisle Freestanding Commercial Building

      Commercial building with fenced storage and high traffic frontage.
      437 E. High Street, Carlisle , PA 17013
      View Details
    • Contact for pricing
      3,500 SF

      Freestanding Building with Fenced Storage

      Commercial building with outside storage and high visibility frontage.
      437 E. High Street | Carlisle, PA 17013
      View Details
    • $18 SF/Yr
      2,335 SF

      Retail Space in Carlisle Crossing

      Retail space available in a Target and Kohl’s anchored center.
      299 Westminster Dr, Carlisle, PA
      View Details
    • Contact for pricing
      119,310 SF

      Carlisle Distribution Center For Lease

      Industrial distribution center with 119,310 SF available for lease.
      1600 Distribution Dr, Carlisle, PA 17015
      View Details
    • Contact for pricing
      500,000 SF

      Premier Logistics Hub in Carlisle

      Strategic location with access to major East Coast markets.
      80 South Middlesex Road, Carlisle, PA, 17015
      View Details
    • Contact for pricing
      3,075 SF

      Carlisle Industrial Space with Hazmat Room

      Industrial space featuring a hazmat room and fenced truck court.
      1495 Dennison Circle, Carlisle, PA, 17015
      View Details
    • $2,600/Mo
      3,709 SF

      Downtown Retail/Office Space Available

      First floor retail or office space in downtown Carlisle.
      17 N HANOVER STREET FIRST FLOOR, CARLISLE, PA 17013
      View Details
    • $16 SF/Yr

      Prime Downtown Carlisle Office Suite

      Professional office suite in Carlisle's business district.
      8 S Hanover St, Carlisle, PA 17013
      View Details
    • $18 SF/Yr
      1,198 SF

      Retail Space in Carlisle Crossing

      Retail space available in a Target and Kohl’s anchored center.
      202 Westminster Dr, Carlisle, PA
      View Details

    FAQs

    What type of property is this?
    Office units - Office suites available in Carlisle's Central Business District.
    Where is this office units located?
    The property is located at 8 S HANOVER STREET Carlisle, PA.
    What is the lease rate?
    The lease rate is $280 SF/Yr.
    What are key features of this property?
    This property features: Located in Carlisle's Central Business District, next to the Cumberland County Court House.; Office suites available in various sizes (150 sf - 650 sf).; Ideal for start‑ups, satellite offices, or businesses benefiting from proximity to county offices.
    (717) 329-1556
    We can help!
    Listing Contact
    Doug Pugh
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8 S HANOVER STREET, CARLISLE, PA 17013
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!