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    The Largest CRE Database in the US with Over 1 Million Listings

    4999 Louise Dr Mechanicsburg, PA 17055

    Sponsored
    For Lease
    $19 SF/Yr

    Premier Mechanicsburg Office Suites Available

    Lot size:
    56,494 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    423
    This Class A, 56,494 square foot office building, located at 4999 Louise Drive in Mechanicsburg, Pennsylvania, offers multiple turnkey suites ranging from 1,040 to 1,634 square feet. Built in 1998 and renovated in 2023, the property features a striking brick and window-wrapped façade, with each three-story office boasting beautiful finishes and abundant natural light thanks to floor-to-ceiling windows. The 5.6-acre lot provides ample parking (6.5 spaces per 1,000 square feet), conveniently located steps from each building entrance. On-site amenities include a fitness center, outdoor seating, and a picnic area. The property benefits from dedicated property management and new ownership. Its prime location in the West Shore Business District offers easy access to dining, retail, hotels, and services, as well as quick highway access to the PA Turnpike (I-76), Interstates 81 and 83, and Route 15. Harrisburg International Airport is less than 30 minutes away. The surrounding area combines a small-town feel with the convenience of a bustling city, making it an attractive location for businesses and employees alike. This exceptional property presents a unique opportunity for businesses seeking high-quality office space in a desirable and easily accessible location.

    Property Features for 4999 Louise Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    56,494 SF
    Class
    A
    Total Rate
    93921.28

    Building Details

    Year Built/Renovated
    1998/2023

    Spaces For Lease

    at 4999 Louise Dr, Mechanicsburg, PA 17055 Contact us
    Unit Suite 303

    $19 /Mo

    Size
    1,200 SF
    Contact us
    Unit Suite 102

    $19 /Mo

    Size
    1,040 SF
    Contact us
    Unit Suite 301

    $19 /Mo

    Size
    1,634 SF
    Contact us

    We can help!

    Listing Contact
    Tracey Tressler

    Learn more

    Property Insight Report

    HighLights

    • Prime office space in West Shore's Business District with high‑end finishes and abundant natural light.
    • Building amenities include a fitness center, outdoor seating, ample parking, and on‑site management.
    • Excellent location near numerous shopping, dining, service, hotel, and retail options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicsburg
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9591301
    Latitude
    40.2016191

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    FAQs

    What type of property is this?
    Office Property / Space - Premier Mechanicsburg Office Suites Available
    Where is this office property / space located?
    The property is located at 4999 Louise Dr Mechanicsburg, PA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Prime office space in West Shore's Business District with high-end finishes and abundant natural light.; Building amenities include a fitness center, outdoor seating, ample parking, and on-site management.; Excellent location near numerous shopping, dining, service, hotel, and retail options.
    Request Owner's contact information
    4999 Louise Dr Mechanicsburg, PA 17055
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    Mechanicsburg, PA 17055
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    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
    4999 Louise Dr Mechanicsburg, PA 17055
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    Listing Contact
    Tracey Tressler
    Real Estate License ID: RM425386
    Learn more
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