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

    4940 Ritter Rd Mechanicsburg, PA 17055

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern office building with flexible floor plans and lease terms.

    Type:Office
    Added:
    Oct 17, 2023
    Days on Market:
    927
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 4940 Ritter Rd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 4940 Ritter Rd Contact us

    Suite 101 $21 /Mo

    Size
    4,080 SF
    Type
    Office
    Former food service space and recognized restaurant location. With ample parking...
    show more
    Contact us

    We can help!

    Listing Contact
    Aaron Skelly

    Listing agent Aaron Skelly License #RS354990

    Listing office High Real Estate Group

    Listing date Oct 17, 2023

    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 High Real Estate Group

    Overview

    Rossmoyne Business Center Office Space

    This modern office building is located in the Rossmoyne Business Center business park. The suites offer negotiable lease terms. The building features flexible floor plans to accommodate various business needs. Property management is located in the same building. Tenants have 24/7 building access. Ample parking is available for employees and visitors. The property is located off the PA Turnpike and PA Route 15 in the Upper/Lower Allen townships of Cumberland County, approximately 10 minutes from the city of Harrisburg, and in close proximity to dining, retail, and other amenities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicsburg
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9563261
    Latitude
    40.2061708

    Nearby Similar for Lease

    • $500/Mo

      Mechanicsburg Office Suites For Lease

      Professional office suites available in Mechanicsburg's thriving commercial corridor.
      5015 E TRINDLE Road, MECHANICSBURG, PA 17050
      View Details
    • $1,200/Mo

      Mechanicsburg Studio Space For Lease

      Versatile studio space ideal for fitness, dance, and martial arts.
      5015 E TRINDLE Road, MECHANICSBURG, PA 17050
      View Details
    • $550/Mo

      Mechanicsburg Retail and Office Spaces

      Renovated retail and office spaces with ample parking available for lease.
      5275 E TRINDLE Road, MECHANICSBURG, PA 17050
      View Details
    • $995/Mo

      Carlisle Pike Retail/Office Space

      Highly visible space on Carlisle Pike, suitable for office/retail.
      5515-5521 Carlisle Pike, Mechanicsburg, PA 17050
      View Details
    • $17 SF/Yr

      Mechanicsburg Corner Office Suite

      Two-story office building with renovated 1,540 SF corner suite.
      2 Kacey Court, Mechanicsburg, PA 17055
      View Details
    • $12,000/Mo

      Office Space in Mechanicsburg, PA

      Professional office space available for lease in Mechanicsburg, PA.
      CUMBERLAND Parkway, MECHANICSBURG, PA 17055
      View Details
    • $15 SF/Yr

      Mechanicsburg Office Space For Rent

      Office space in Mechanicsburg with private offices, reception, and kitchenette.
      5 Kacey Court, Mechanicsburg, PA 17055
      View Details
    • $9 SF/Yr

      Mechanicsburg Office and Flex Suites

      Adaptable office and flex suites in a well-maintained business park.
      5095 Ritter Road, Mechanicsburg, PA 17055
      View Details
    • $19 SF/Yr

      Mechanicsburg Medical Office Suite

      Class A medical office suite in Mechanicsburg's Waterford Building.
      21 Waterford Dr, Mechanicsburg, PA
      View Details
    • $995/Mo

      Carlisle Pike Retail/Office Space

      Highly visible retail or office spaces on Carlisle Pike.
      5521 Carlisle Pike, Mechanicsburg, PA
      View Details
    • $14 SF/Yr

      Modern Office Space Available

      Attractive office building with flexible floor plans and highway access.
      5020 Richard Lane, Mechanicsburg, PA 17055
      View Details
    • $9 SF/Yr

      Mechanicsburg Office/Flex Suites Available

      Adaptable office and flex suites in well-maintained Mechanicsburg business park.
      5095 Ritter Road, Mechanicsburg, PA 17055
      View Details

    FAQs

    What type of property is this?
    Office building - Modern office building with flexible floor plans and lease terms.
    Where is this office building located?
    The property is located at 4940 Ritter Rd Mechanicsburg, PA.
    What are key features of this property?
    This property features: Convenient location near PA Turnpike and Route 15, 10 minutes from Harrisburg.; Flexible lease terms to suit business goals.; Enjoy 24/7 building access.
    (717) 917-9367 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Aaron Skelly
    Real Estate License ID: RS354990
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!