Add Listing
    For Lease
    • 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

    935 Norland Ave Chambersburg, PA 17201

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Retail Space, I-81 Visibility

    Lot size:
    273,104 SF

    Property Features for 935 Norland Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    273,104 SF
    Total Rate
    523449.33

    Spaces For Lease

    at 935 Norland Ave, Chambersburg, PA 17201 Contact us
    Unit 14

    $23 /Mo

    Size
    6,000 SF
    Contact us

    We can help!

    Listing Contact
    Bradley A Rohrbaugh
    Bradley A Rohrbaugh

    Listing Agency: Bennett Williams Realty, Inc. Listing Agent: Bradley A Rohrbaugh

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

    Learn more

    Overview

    Chambersburg Crossing offers a unique opportunity to lease 6,000 square feet of retail space within a thriving 273,104 square foot shopping center in Chambersburg, Pennsylvania. Located at 935 Norland Ave, 17201, this property boasts exceptional visibility and accessibility, situated directly off Interstate 81, a major thoroughfare with a daily traffic count of 52,000 vehicles. The center is strategically positioned along Norland Avenue and Walker Road, establishing it as the premier shopping destination in the Chambersburg market. This dominant center features a strong mix of necessity and destination retailers, anchored by a Giant grocery store and shadow anchored by a Target. A diverse tenant roster includes well-known national brands such as Kohl's, Michael's, PetSmart, Staples, and Chipotle, ensuring high foot traffic and a robust customer base. The property sits on a substantial 22.86-acre lot in Franklin County. This space presents an excellent opportunity for retailers seeking high visibility and a strong presence within a successful shopping center. The Net Net Net (NNN) charges are $4.27 per square foot. The property is a multi-tenant strip center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chambersburg Crossing Shopping Center & Mall Xfinity Store by ... Tech Support Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chambersburg
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.6291246
    Latitude
    39.9421611

    Nearby Similar for Lease

    • New
      $6,000 /Mo

      Spacious End Cap Retail Opportunity

      Versatile 3,000-10,000 SF space suitable for various businesses.
      2593 Philadelphia Ave, Chambersburg, PA 17201
      View Details
    • $2,850 /Mo
      10,019 SF

      Chambersburg Office Space For Lease

      1400 SF office space in prime Chambersburg location.
      417-A Phoenix Dr, Chambersburg, PA 17201
      View Details
    • $2,500 /Mo
      13,939 SF

      Chambersburg Mixed-Use Commercial Space

      Adaptable commercial space suitable for various business types.
      756 S Main St, Chambersburg, PA 17201
      View Details
    • $2,950 /Mo
      9,583 SF

      Commercial Space with Salon Potential

      Retail/office space with salon potential, private parking, and easy access.
      315 Stouffer Ave, Chambersburg, PA 17201
      View Details
    • $525 /Mo
      10,019 SF

      Chambersburg Shared Office Space

      Shared office space in prime Chambersburg location available for rent.
      417 Phoenix Dr, Chambersburg, PA 17201
      View Details
    • $20 SF/Yr
      72,745 SF

      Customizable Office Space For Lease

      Prime office location with customizable space and included utilities.
      144 S 8Th St, Chambersburg, PA 17201
      View Details
    • $1,000 /Mo

      Unique Downtown Chambersburg Office Space

      Charming office with stone walls, exposed beams, and prime location.
      56 S 3Rd St, Chambersburg, PA 17201
      View Details
    • $12,000 /Mo

      Walker Road Commercial Property

      Highly visible commercial property with flexible floor plans for lease.
      440 Walker Rd, Chambersburg, PA 17201
      View Details
    • $750 /Mo
      30,492 SF

      Historic Office Space in Chambersburg

      Historic office space near courthouse with ample parking included.
      166 S Main St, Chambersburg, PA 17201
      View Details
    • $20 SF/Yr

      Customizable Office Space Available

      Customizable office spaces ranging from 1,000 to 6,000 sq ft.
      144 S 8Th St, Chambersburg, PA 17201
      View Details
    • $23 SF/Yr
      2,675 SF

      Chambersburg Professional/Medical Office Space

      Class A office space near WellSpan Health Campus.
      825 5Th Ave, Chambersburg, PA 17201
      View Details
    • $18 SF/Yr
      4,435 SF

      Chambersburg Retail Space For Rent

      Retail space in Chambersburg's retail corridor, visible from I-81.
      452 Gateway Ave, Chambersburg, PA 17201
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space, I-81 Visibility
    Where is this neighborhood center located?
    The property is located at 935 Norland Ave Chambersburg, PA.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: 6,000 SF retail space available for lease in Chambersburg, PA.; High-visibility location directly off I-81 (52,000 VPD).; Located within a thriving 273,104 SF shopping center anchored by Giant and shadow anchored by Target.
    (717) 843-5555 Call to check price and availability
    Request Owner's contact information
    935 Norland Ave Chambersburg, PA 17201
    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.
    935 Norland Ave
    Chambersburg, PA 17201
    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
    935 Norland Ave Chambersburg, PA 17201
    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 Bradley A Rohrbaugh
    Bradley A Rohrbaugh
    Real Estate License ID: RS223194L
    (717) 843-5555
    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!