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

    US Route 15 Dillsburg, PA 17019

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,500,000

    23.36 acres of raw land with highway commercial zoning.

    Type:Land
    Property size:
    23 SF
    Added:
    Nov 21, 2025
    Days on Market:
    132
    Last Refresh:
    Mar 31 at 12:09 am

    Property Features for US Route 15

    General Information

    Standard status
    Active
    Size
    23 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Laura Martin, CCIM, CPM

    Listing agent Laura Martin, CCIM, CPM License #PA #RM419784

    Listing office

    Listing date Nov 21, 2025

    Source Svn

    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 Laura Martin, CCIM, CPM

    Overview

    Dillsburg Land on Route 15

    This is a great opportunity to purchase approximately 23.36 acres of raw land with 500 feet of frontage, located on Route 15, the gateway into Dillsburg, PA. The current zoning allows a variety of uses including health care, retail, restaurants, hotels, financial institutions, shopping centers, auto-related businesses, day care facilities, and drive-through establishments. Conceptual plans are available upon request. The property is situated among national and local retailers. The average traffic count on Route 15 is 19,402 vehicles per day northbound and 18,113 vehicles per day southbound. The land can be subdivided.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Dillsburg
    County
    York
    State
    Pennsylvania
    Longitude
    -77.0406
    Latitude
    40.1108

    Nearby Similar for Sale

    • $490,000

      Approved Land for Industrial Development

      4.49-acre lot approved for 18,000 SF industrial building.
      771 RANGE END Road, DILLSBURG, PA 17019
      View Details
    • $205,000

      Scenic Land in Dillsburg, PA

      3.81 acre lot for custom home near Messiah University.
      335 N LEWISBERRY ROAD, DILLSBURG, PA 17019
      View Details
    • $230,000

      Land in Dillsburg, PA

      2.84 acre lot near Messiah University and Bowmansdale.
      N LEWISBERRY ROAD lot: 19, DILLSBURG, PA 17019
      View Details
    • $230,000

      Wooded Homesite in Dillsburg, PA

      3.17-acre wooded homesite near Messiah University and Bowmansdale.
      N LEWISBERRY ROAD lot: 18, DILLSBURG, PA 17019
      View Details
    • $189,900

      Dillsburg Land Parcel For Sale

      7-acre parcel near Dillsburg, Mechanicsburg, and York.
      BALTIMORE Street lot: 1, DILLSBURG, PA 17019
      View Details
    • $69,900

      Dillsburg Land Opportunity Awaits

      0.7-acre lot in Dillsburg, ready for your dream home.
      51 OLD YORK Road, DILLSBURG, PA 17019
      View Details
    • $3,500,000

      Raw Land on Route 15

      23.36 acres of raw land with 500' frontage.
      629 N U.S. 15, Dillsburg, PA
      View Details
    • Contact for pricing
      8,000 SF

      Land Available in Dillsburg, PA

      Land with 8000 square feet area in Dillsburg.
      15 Ore Bank Rd, Dillsburg, PA
      View Details
    • $250,000

      Dillsburg Agricultural Land For Sale

      12.72 acre agricultural land parcel in Carroll Township.
      Old York Rd, Dillsburg, PA 17019
      View Details

    FAQs

    What type of property is this?
    Land - 23.36 acres of raw land with highway commercial zoning.
    Where is this land located?
    The property is located at US Route 15 Dillsburg, PA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: High‑traffic location on Route 15 with significant 500’ frontage and high visibility (19,402 VPD North, 18,113 VPD South).; Zoned Commercial Highway, allowing for a wide variety of uses like health care, retail, restaurants, and hotels.; Large +/-23.36 acre raw land parcel offering substantial development opportunity.
    (717) 737-2422
    We can help!
    Listing Contact
    Laura Martin, CCIM, CPM
    Real Estate License ID: PA #RM419784
    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!