Sign Up Successful!
You now have access to more from Realmo!
    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

    403 Richardson Rd Middletown, PA 17057

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

    1.6-acre commercial lot, prime location.

    Lot size:
    69,696 SF

    Property Features for 403 Richardson Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    69,696 SF

    Spaces For Lease

    at 403 Richardson Rd, Middletown, PA 17057 Contact us

    We can help!

    Listing Contact
    Bradley Rohrbaugh
    Bradley Rohrbaugh

    Listing Agency: Bennett Williams Commercial Listing Agent: Bradley Rohrbaugh

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 1.6-acre commercial land parcel presents a unique investment opportunity in the thriving Middletown, Pennsylvania market. Located at 403 Richardson Road, this property boasts a highly desirable Commercial Highway zoning designation, allowing for a wide range of commercial uses. The site's strategic location offers excellent visibility and accessibility, situated near major employers such as TE Connectivity, Tyco Solutions, and Dauphin Highlands, ensuring high traffic volume and strong potential for business growth. Convenient access from South Eisenhower Boulevard (14,000 vehicles per day) provides easy ingress and egress for customers and employees. The property's size and zoning make it ideal for a variety of commercial ventures, including retail establishments, service businesses, or general commercial developments. This is an exceptional chance to establish a presence in a dynamic and growing market. The Dauphin County parcel (APN: 36-007-073-000-0000) offers significant potential for developers and businesses seeking a strategic location with high visibility and convenient access. The single-tenant zoning provides flexibility for a variety of development plans. This property is ready for your vision. The zip code is 17057.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.7960839
    Latitude
    40.22463

    Nearby Similar for Lease

    • Contact for pricing
      70,840 SF

      High Bay Industrial Complex

      Multi-tenant industrial complex with flexible design and abundant loading docks.
      1011 Aip Dr, Middletown, PA 17057
      View Details
    • Contact for pricing
      82,500 SF

      High Bay Warehouse Space Available

      Well-located warehouse for last mile delivery needs, available Q2 2022.
      310 Fulling Mill Rd, Middletown, PA 17057
      View Details
    • $17 SF/Yr
      13,008 SF

      Middletown Office Space For Rent

      13,008 SF office space ideal for medical, education, engineering.
      4000 Vine St, Middletown, PA 17057
      View Details
    • Contact for pricing
      418,608 SF

      Middletown Warehouse and Distribution Facility

      418,608 SF warehouse and distribution facility in Middletown, PA.
      Rosedale Ave, Middletown, PA 17057
      View Details
    • Contact for pricing
      24,000 SF

      Flex Warehouse in Stoneridge Park

      Build-to-suit flex warehouse project in established business park.
      L3 Park Dr, Middletown, PA 17057
      View Details
    • Contact for pricing
      32,000 SF

      Warehouse Space Near Major Routes

      32,000 SF warehouse with easy access to major routes.
      2700 Commerence Dr, Middletown, PA
      View Details
    • Contact for pricing
      75,918 SF

      Modern Warehouse Space Available

      75,918 SF warehouse with convenient highway access in Middletown, PA.
      1011 Rosedale Ave, Middletown, PA 17057
      View Details
    • Contact for pricing
      60,894 SF

      Functional Flex Warehouse Near Turnpike

      Flex warehouse with easy highway access and abundant parking.
      2802 S Tpke Dr, Middletown, PA
      View Details
    • Contact for pricing
      29,700 SF

      Climate Controlled Warehouse Near Turnpike

      Climate-controlled warehouse with easy access to major transportation corridors.
      1501 Fulling Mill Rd, Middletown, PA 17057
      View Details
    • Contact for pricing
      3,398 SF

      Office Building Near Harrisburg Airport

      59,900 SF office building with easy highway access.
      1201 Fulling Mill Rd, Middletown, PA 17057
      View Details
    • Contact for pricing
      54,800 SF

      Capital Valley Business Center

      Modern Industrial Space for Lease
      0 Kreider Dr, Middletown, PA 17057
      View Details
    • Contact for pricing
      15,000 SF

      Middletown Industrial Warehouse For Lease

      15,000 SF Warehouse, Excellent Location
      170 Fulling Mill Rd, Middletown, PA 17057
      View Details

    FAQs

    What type of property is this?
    Land - 1.6-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 403 Richardson Rd Middletown, PA.
    What are key features of this property?
    This property features: 1.6-acre commercial land parcel in Middletown, PA, offering a unique investment opportunity.; Highly desirable Commercial Highway zoning allows for diverse commercial uses.; Excellent visibility and accessibility near major employers (TE Connectivity, Tyco Solutions, Dauphin Highlands), ensuring high traffic.
    (717) 843-5555 Call to check price and availability
    Request Owner's contact information
    403 Richardson Rd Middletown, PA 17057
    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.
    403 Richardson Rd
    Middletown, PA 17057
    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
    403 Richardson Rd Middletown, PA 17057
    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 Rohrbaugh
    Bradley Rohrbaugh
    Real Estate License ID: RS357432
    (717) 843-5555
    Learn more
    Google sign-in failed. Please try again or use another login method.