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    Camp Hill Market Street Property Title is generated by Realmo AI

    3900 Market St, Camp Hill, PA 17011

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    Fully leased commercial property on Market Street in Camp Hill.

    Type:Office
    Property size:
    4,500 SF
    Price / SF:
    $411/SF
    Added:
    Nov 8, 2023
    Days on Market:
    939
    Last Refresh:
    May 13 at 8:11 pm

    Property Features for 3900 Market St

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Property subtype
    Office

    Building Details

    Year Built
    2022

    We can help!

    Listing Contact
    Leslie St. John

    Listing agent Leslie St. John License #RS290000

    Listing office Coldwell Banker Reality

    Listing date Nov 8, 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 Coldwell Banker Reality

    HighLights

    • Prime location on Market Street in Camp Hill, PA, offering high visibility and easy access.
    • New, contemporary, architecturally chic building built in 2022.
    • Fully leased with a 3.04% CAP rate, including rent bumps, providing immediate income.
    • Suitable for office, medical, or light retail use with flexible layouts and a minimum of 1500SF available per floor.
    • Permitted commercial limited use allows for daycare, medical/dental offices, financial services, and personal services.
    • Stunning views of the Conodoguinet Creek from rear spaces.

    Overview

    Located on Market Street in Camp Hill, PA, this fully leased property offers a 3.04% CAP rate, which will include rent bumps. The new contemporary building features an architecturally chic design with ample natural light. Each floor includes a restroom, and the reception area has a coffee bar. The building is designed to suit occupants, with different layouts available to view to an array of needs. Rear spaces offer views of the Conodoguinet Creek. The property is suitable for office, medical, or light retail use in a prime location. Available space to be leased is a minimum of 1500 square feet on each floor, with a total of 4500 square feet. The location benefits from a vast range of local demographics, traffic counts, visibility, and easy access on and off of Market Street. Commercial limited use allows for daycare, professional offices such as medical and dental, financial services, and personal services. Many other retailers and office buildings are in the vicinity on the Carlisle Pike, and the property is close to Penn State Health at Holy Spirit and Pinnacle Health Services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Law Firm Real Estate Agency 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
    Camp Hill
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9498621
    Latitude
    40.2388146

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    FAQs

    What type of property is this?
    Office building - Fully leased commercial property on Market Street in Camp Hill.
    Where is this office building located?
    The property is located at 3900 Market St Camp Hill, PA.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Prime location on Market Street in Camp Hill, PA, offering high visibility and easy access.; New, contemporary, architecturally chic building built in 2022.; Fully leased with a 3.04% CAP rate, including rent bumps, providing immediate income.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Leslie St. John
    Real Estate License ID: RS290000
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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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