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    Airport-Former Industrial Land Parcel Title is generated by Realmo AI

    SUNSET Pike lot 3, Chambersburg, PA 17201

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    Claim this Listing
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    For Sale
    $495,000

    LAND - CHAMBERSBURG, PA

    Lot size:
    9.56 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 4:06 pm

    Property Features for SUNSET Pike lot 3

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    9.56 Acres

    Taxes and HOA fees

    Tax Annual Amount
    644

    We can help!

    Listing Contact
    Tammi M Hennessy

    Listing agent Tammi M Hennessy License #RS193647L

    Listing office RE/MAX Realty Agency, Inc. 1132 Kennebec Drive, Chambersburg, PA

    Listing date Jun 2, 2026

    MLS# PAFL2035152 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 9.56‑acre parcel with frontage on Sunset Pike
    • Location off Route 11 in Chambersburg, PA
    • Mixed‑use zoning includes Highway Commercial and Light Industrial
    • Property formerly an airport, with some old hangars remaining

    Overview

    The offering is a 9.56-acre parcel on Sunset Pike in Chambersburg, PA. The property is described as formerly an airport, and some old hangars remain on site, creating a distinctive improvement profile for an investor or developer. It is categorized as industrial land and related commercial real estate, providing flexibility for a range of industrial and commercial planning scenarios subject to zoning requirements.

    The parcel’s location is just off Route 11, with Sunset Pike frontage providing direct road access and visibility potential from the adjoining roadway. Zoning is described as mixed use, including Highway Commercial and Light Industrial, which can support multiple business concepts within those categories.

    This site is best suited for buyers looking for a larger tract with highway-adjacent frontage and existing airport-era structures that may be incorporated into a redevelopment plan. Because the listing notes remaining hangars and mixed-use zoning, it may appeal to operators or developers targeting light industrial activity or highway commercial uses, subject to all applicable approvals and permitted uses under the current zoning designations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Chambersburg
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.6267968
    Latitude
    39.9817757

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    FAQs

    What type of property is this?
    Industrial land - A 9.56-acre parcel with Sunset Pike frontage and mixed-use zoning suitable for light industrial and highway commercial uses.
    Where is this industrial land located?
    The property is located at SUNSET Pike lot 3 Chambersburg, PA.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 9.56‑acre parcel with frontage on Sunset Pike; Location off Route 11 in Chambersburg, PA; Mixed‑use zoning includes Highway Commercial and Light Industrial
    (717) 816-7346
    We can help!
    Listing Contact
    Tammi M Hennessy
    Real Estate License ID: RS193647L
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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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    SUNSET Pike lot: 3, CHAMBERSBURG, PA 17201
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