Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    123 Enola Dr Enola, PA 17025

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Enola office space, multi-tenant, high ROI.

    Property size:
    42,360 SF

    Property Features for 123 Enola Dr

    General Information

    Property type
    Office Units
    Square Feet
    42,360 SF
    Class
    B
    Lot Size
    84,506 SF

    Building Details

    Buildings
    2

    We can help!

    Listing Contact
    Daniel J. Alderman
    Daniel J. Alderman

    Listing Agency: NAI CIR Listing Agent: Daniel J. Alderman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional investment opportunity presents two office buildings totaling 42,360 square feet situated on a 1.94-acre lot in Enola, Pennsylvania (APN: 09-14-0832-189). The property, zoned Village Overlay, consists of two buildings: a renovated 30,000 square foot former schoolhouse featuring numerous office suites ranging from 250 to 1,000 square feet, and a newer 12,360 square foot building ideal for an end-user. Currently, there are only three unoccupied spaces among the 24 office rental units. The property boasts 100 parking spaces and has recently undergone $170,000 in capital improvements. Built in 1920 and 2004, this Class B, multi-tenant property offers a modified lease type and is priced at $2,650,000 ($62.56/sq ft). Its convenient location offers easy access to Routes 11/15 and I-81, placing it near East Pennsboro schools, Central Penn College, and Penn State Health Holy Spirit Medical Center. This presents a strong cap rate and a compelling opportunity for investors seeking a well-maintained, centrally located commercial property with significant upside potential. The property is offered as a whole.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tri County Community ... Social Service Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Enola
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9350027
    Latitude
    40.29254

    Nearby Similar for Sale

    • New
      $447,500
      2,612 SF

      Updated Multi-Unit Home with Income

      Updated multi-unit home near dining, college, and City Island.
      113 S Enola Dr, Enola, PA 17025
      View Details
    • $2,295,000
      42,360 SF

      Two Office Buildings For Sale

      Two office buildings totaling 42,360 SF on the same parcel.
      123-125 N Enola Dr, Enola, PA 17025
      View Details
    • $2,195,000
      42,360 SF

      Enola Office Buildings For Sale

      Two office buildings totaling 42,360 SF near major routes.
      123 N Enola Dr, Enola, PA 17025
      View Details
    • Contact for pricing

      Retail Pad Site Available

      Pad site available in high-volume, anchored shopping center.
      Vly Rd & Wertzville Rd, Enola, PA 17025
      View Details
    • Contact for pricing
      1,166 SF

      Updated Two-Bedroom Apartment Unit

      Updated 2BR, 2 Bath apartment unit, move-in ready.
      810 Charlotte Way, Enola, PA 17025
      View Details
    • $1,200,000
      9,027 SF

      Enola Multi-Family Investment Opportunity

      Ten-Unit Apartment Building, High Potential
      7 Adams Street Ext, Enola, PA 17025
      View Details

    FAQs

    What type of property is this?
    Office units - Prime Enola office space, multi-tenant, high ROI.
    Where is this office units located?
    The property is located at 123 Enola Dr Enola, PA.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: $170,000 in recent capital improvements.; Strong cap rate with only three vacant units.; Two office buildings totaling 42,360 square feet on a 1.94-acre lot.
    (717) 761-5070 Call to check price and availability
    Request Owner's contact information
    123 Enola Dr Enola, PA 17025
    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.
    123 Enola Dr
    Enola, PA 17025
    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
    123 Enola Dr Enola, PA 17025
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Daniel J. Alderman
    Daniel J. Alderman
    Real Estate License ID: RS134079A
    (717) 761-5070
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!