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

    0 Metropolitan Way Enola, PA

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

    Land parcels available on Interstate 81 with commercial zoning.

    Type:LAND
    Lot size:
    14.50 Acres
    Added:
    May 16, 2024
    Days on Market:
    717
    Last Refresh:
    Apr 5 at 10:28 pm

    Property Features for 0 Metropolitan Way

    General Information

    Standard status
    Active
    Lot size
    14.50 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Chris Wilsbach

    Listing agent Chris Wilsbach

    Listing office NAI CIR | Lemoyne

    Listing date May 16, 2024

    Source Moodyscre

    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 NAI CIR | Lemoyne

    Overview

    Prime Commercial Land Parcels Available

    Multiple land parcels are available at Capital West at Summerdale in Pennsylvania. This location represents the only remaining commercial land parcel on the Harrisburg Capital Beltway along Interstate 81. The site includes 260 apartments, a WaWa Convenience Store expected to be completed in Spring 2024, four approximately 1-acre sites, and one 14.5-acre site. The 14.5-acre site can be subdivided into lots as small as two acres. The Commercial Park Limited Zoning allows for various opportunities, including restaurants, retail, banking, assisted living, health clubs, daycare facilities, medical, and office use. Capital West at Summerdale offers a 10-year LERTA tax program with Cumberland County, starting with 100% tax relief in Year-1 and reducing to 10% in Year-10. The lots are fully improved with utilities on-site. The location benefits from approximately 66,000 vehicles per day on Interstate 81 at Exit 65 and approximately 18,000 vehicles per day on State Route 11/15. The Commercial Park Limited zoning permits virtually all commercial uses. Lots range from approximately 1.00 to 14.50 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Enola
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9414
    Latitude
    40.2868

    Nearby Similar for Sale

    • $447,500
      2,612 SF

      Updated Multi-Unit Home with Income

      Updated multi-unit home near dining, college, and City Island.
      113 S ENOLA DRIVE, ENOLA, PA 17025
      View Details
    • $450,000
      1,598 SF

      Turn-Key Investment Property in Enola

      Fully occupied, renovated 3-unit property with immediate cash flow.
      222 STATE Street, ENOLA, PA 17025
      View Details
    • $1,999,000
      42,360 SF

      Enola Office Buildings For Sale

      Two office buildings totaling 42,360 SF near major routes.
      123 and 125 N. Enola Drive, Enola, PA 17025
      View Details
    • $27,500

      Waterfront Land in Enola, PA

      0.76 acre waterfront land on Conodoguinet Creek.
      GOOD HOPE Road, ENOLA, PA 17025
      View Details
    • $395,000

      East Pennsboro Commercial Land Parcel

      1.5 acre commercial land in East Pennsboro, Cumberland County.
      325 W Shady Ln, Enola, PA 17025
      View Details
    • $1,199,000

      Enola Apartment Building Opportunity

      Ten-unit apartment building in Enola with value-add potential.
      7 ADAMS STREET, ENOLA, PA 17025
      View Details
    • $82,900

      Land Available in Enola

      Land located at 482 Sample Bridge Road, Enola, PA 17025.
      482 Sample Bridge Rd, Enola, PA 17025
      View Details
    • Contact for pricing
      40,000 SF

      Land in Hampden Marketplace

      Located in Hampden Marketplace, perfect for retail or medical uses.
      4540 Marketplace Way, Enola, PA
      View Details
    • $1,999,000
      42,360 SF

      Two Office Buildings For Sale

      Two office buildings totaling 42,360 SF on the same parcel.
      123-125 N Enola Dr, Enola, PA
      View Details
    • $1,495,000

      Land For Sale Enola

      Land available for sale in Enola, Pennsylvania.
      1706 Good Hope Rd, Enola, PA
      View Details
    • $449,000

      Land For Sale in Enola

      Land available for sale in Enola, Pennsylvania.
      6839 Wertzville Rd, Enola, PA
      View Details
    • Contact for pricing

      Prime Commercial Land Parcels Available

      Commercial land parcels available on Harrisburg Capital Beltway.
      1 Metropolitan Way, Enola, PA 17025
      View Details

    FAQs

    What type of property is this?
    Land - Land parcels available on Interstate 81 with commercial zoning.
    Where is this land located?
    The property is located at 0 Metropolitan Way Enola, PA.
    What are key features of this property?
    This property features: Prime location: The only remaining commercial land parcel on Harrisburg Capital Beltway along Interstate 81.; 10‑Year LERTA tax program with Cumberland County offering significant tax savings.; High traffic volume: +/- 66,000 VPD on Interstate 81 and +/- 18,000 VPD on State Route 11/15.
    (717) 497-3309 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Wilsbach
    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

    Thank You for Inquiry

    0 Metropolitan Way, Enola, PA

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!