Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    50 Kennedy Street Ext Chambersburg, PA 17201

    • Industrial properties
    • 200,000 SF
    • 1.63 lot acres
    For Sale
    View listing
    $1,599,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 50 Kennedy Street Ext

    Year built
    1930
    Lot size
    1.63 lot acres
    Property size
    200,000 SF
    Property type
    Industrial properties

    Description

    This exceptional Chambersburg investment opportunity presents two adjacent industrial warehouses, each spanning 100,000 square feet, situated on a 1.63-acre lot at 50 Kennedy Street. The properties are separated by Falling Springs Creek. One warehouse boasts a complete renovation, including a new roof installed in 2023. This modernized unit is fully compliant with all current building codes and offers five floors, each encompassing 20,000 square feet. Convenient access is provided by two sets of stairs and a substantial 8,000-pound freight elevator. Safety features include a comprehensive fire and smoke alarm system. The warehouse also includes two loading docks, perfectly suited for efficient commercial operations. The property's zoning designation is commercial. The second warehouse presents a unique opportunity for renovation and redevelopment, allowing for potential expansion or customization to meet specific operational needs. This dual-warehouse property offers significant potential for immediate income generation from one unit while simultaneously planning for the future development of the second. The asking price for this exceptional investment is $1,599,900. This is a rare chance to acquire a substantial industrial property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chambersburg
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.6554
    Latitude
    39.9389

    Comparable in this City

    • Value Estimation by Request

      1665 Orch Dr

      INDUSTRIAL (GENERAL)
      1665 Orch Dr, Chambersburg, PA 17201-9206
      View Details
    • Value Estimation by Request
      2.66 Acres

      1660 Orch Dr

      INDUSTRIAL (GENERAL) • 2.66 Acres
      1660 Orch Dr, Chambersburg, PA 17201-9206
      View Details
    • Value Estimation by Request
      37.36 Acres

      1501 Orch Dr

      INDUSTRIAL (GENERAL) • 37.36 Acres
      1501 Orch Dr, Chambersburg, PA 17201-4812
      View Details
    • Value Estimation by Request
      4.10 Acres

      859 Cleveland Ave

      INDUSTRIAL (GENERAL) • 4.10 Acres
      859 Cleveland Ave, Chambersburg, PA 17201-3728
      View Details
    • Value Estimation
      $14,685,000
      10.93 Acres

      1086 Wayne Ave

      INDUSTRIAL (GENERAL) • 10.93 Acres
      1086 Wayne Ave, Chambersburg, PA 17201-2917
      View Details
    • Value Estimation by Request
      6.48 Acres

      1151 Sheffler Dr

      INDUSTRIAL (GENERAL) • 6.48 Acres
      1151 Sheffler Dr, Chambersburg, PA 17201-4844
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      500,500 SF

      Industrial Property in Chambersburg, PA

      500,500 SF industrial property available for sale.
      145 Development Ave, Chambersburg, PA 17201
      View Details
    • Contact for pricing

      77 3Rd St, Chambersburg, PA 17201

      Industrial properties
      77 3Rd St, Chambersburg, PA 17201
      View Details
    • $1,599,900
      200,000 SF

      Chambersburg Industrial Duo

      Two 100,000 sqft warehouses, prime location.
      50 Kennedy Street Ext, Chambersburg, PA 17201
      View Details
    • Contact for pricing
      90,880 SF

      90,000 SF Industrial Facility

      90,000 SF industrial facility with storage yard and loading docks.
      1050 Superior Ave, Chambersburg, PA 17201
      View Details
    • $795,000
      4,000 SF

      Chambersburg Restaurant with Home

      Fully equipped restaurant with home and garages for sale.
      679 S Main St, Chambersburg, PA 17201
      View Details
    • $425,000
      1.52 Acres

      Prime Commercial Land, Chambersburg PA

      1.52 Acres, US Route 30 Access
      1536 Lincoln Way, Chambersburg, PA 17201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      177,600 SF

      Chambersburg Warehouse Space Available

      177,600 square foot warehouse space for lease.
      1440 Sheffler Dr, Chambersburg, PA 17201
      View Details
    • $3 SF/Yr
      360,000 SF

      Patriot Business Park: Chambersburg, PA

      Prime Industrial Space - Flexible Options Available
      2001 Carbaugh Ave, Chambersburg, PA 17201
      View Details
    • $15 SF/Yr
      40,000 SF

      Hub Building: Downtown Chambersburg Flex Space

      Updated Flex Space; Ideal for Retail or Office
      77 3Rd St, Chambersburg, PA 17201
      View Details
    • Contact for pricing
      863,860 SF

      Distribution Facility in Chambersburg, PA

      863,860 SF distribution facility with easy access to Interstate.
      1475 Nitterhouse Dr, Chambersburg, PA 17201
      View Details
    • $6,000 /Mo

      Spacious End Cap Retail Opportunity

      Versatile 3,000-10,000 SF space suitable for various businesses.
      2593 Philadelphia Ave, Chambersburg, PA 17201
      View Details
    • $12,000 /Mo

      Walker Road Commercial Property

      Highly visible commercial property with flexible floor plans for lease.
      440 Walker Rd, Chambersburg, PA 17201
      View Details
    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.
    50 Kennedy Street Ext
    Chambersburg, PA 17201
    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.