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    Downtown Gettysburg Mixed-Use Opportunity Title is generated by Realmo AI

    19 Baltimore St, Gettysburg, PA 17325

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    Iconic 37,263 SF building with flexible commercial space.

    Type:Retail, Office, Special Purpose
    Property size:
    37,263 SF
    Added:
    Oct 26, 2021
    Days on Market:
    1680
    Last Refresh:
    May 12 at 8:14 pm

    Property Features for 19 Baltimore St

    General Information

    Standard status
    Active
    Size
    37,263 SF
    Property subtype
    Retail, Office, Special Purpose

    Spaces For Lease

    at 19 Baltimore St Contact us

    Suite 23-103 $2/Mo

    Size
    132 SF
    Type
    Office, Special Purpose
    Call owner at 516-223-3111 to view
    Contact us

    Suite 23-100 $1.34/Mo

    Size
    372 SF
    Type
    Office, Special Purpose
    Suite 100 - 372 Sq ft
    Contact us

    Suite 23-104 $2/Mo

    Size
    196 SF
    Type
    Office, Special Purpose
    Call owner at 516-223-3111 to view
    Contact us

    Suite 23-101 $1.00/Mo

    Size
    451 SF
    Type
    Office, Special Purpose
    Call owner at 516-223-3111 to view
    Contact us

    Suite 19 - 104-E $2/Mo

    Size
    152 SF
    Type
    Office, Special Purpose
    Call owner at 516-223-3111 to view
    Contact us

    19 Baltimore St. Suite 103 $1.20/Mo

    Size
    1,655 SF
    Type
    Office, Special Purpose
    Discover an exceptional opportunity to elevate your business in this prime 1,655...
    show more
    Contact us

    Suite 23-102 $0.87/Mo

    Size
    1,500 SF
    Type
    Office, Special Purpose
    Contact us
    Show more

    We can help!

    Listing Contact
    Tracy Lynn

    Listing agent Tracy Lynn License #NY 10301209685

    Listing office Mahler Realty

    Listing date Oct 26, 2021

    Source Crexi

    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 Mahler Realty

    HighLights

    • Prime downtown Gettysburg location, steps from Lincoln Square and the Adams County Courthouse.
    • 37,263 SF building offering flexible commercial, retail, and office space.
    • High visibility and foot traffic.
    • Onsite parking and ADA accessibility with elevator.
    • Utilities included: electric, water, sewer, trash, and snow removal.
    • Surrounded by shops, galleries, restaurants, and local attractions.

    Overview

    Located in the heart of historic Gettysburg, this mixed-use property at 15-23 Baltimore Street offers a prime opportunity for businesses. The 37,263 SF building is situated steps from Lincoln Square and the Adams County Courthouse. It features flexible commercial, retail, and office space with high visibility and foot traffic. The location is highly walkable and central, surrounded by shops, galleries, restaurants, and local attractions. Onsite parking is available, and the building is ADA-accessible via elevator. Utilities including electric, water, sewer, trash, and snow removal are included. The property is ideal for professional offices, studios, boutiques, or service-based businesses. The building is well-maintained and professionally managed, fostering a vibrant community of thriving downtown businesses. The property commands an exceptional address in Gettysburg’s primary business district, situated just ½ block from Lincoln Square and the Adams County Courthouse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Puller Dumpster Rental ... General Contractor Boundless Bookstore (Bike/Boat/Book/etc) Store I3PG, LLC Consultant Curaleaf PA Gettysburg (Bike/Boat/Book/etc) Store Jennifer Speiser: Allstate ... Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gettysburg
    County
    Adams
    State
    Pennsylvania
    Longitude
    -77.2318911
    Latitude
    39.8302704

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    FAQs

    What type of property is this?
    Mixed-use property - Iconic 37,263 SF building with flexible commercial space.
    Where is this mixed-use property located?
    The property is located at 19 Baltimore St Gettysburg, PA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Gettysburg location, steps from Lincoln Square and the Adams County Courthouse.; 37,263 SF building offering flexible commercial, retail, and office space.; High visibility and foot traffic.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tracy Lynn
    Real Estate License ID: NY 10301209685
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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.

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