Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    115 Erin Ct New Oxford, PA 17350

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 Erin Ct New Oxford, PA 17350

    View on Map
    • Neighborhood centers
    • 8,050 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 115 Erin Ct

    Property size
    8,050 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Shoppes on Erin Court presents a prime retail opportunity in New Oxford, Pennsylvania. This newly constructed 8,050 square-foot strip center is strategically located on Route 30, boasting a high daily traffic volume of 18,189 vehicles. The property offers flexible space, allowing for multiple tenants or a single occupant. One space is currently available. A key feature is the inclusion of a drive-thru in the end cap unit, enhancing convenience and attracting a wider range of businesses. The center benefits from exceptional visibility and exposure due to its prominent Route 30 location. Furthermore, its advantageous position directly in front of Misty Creek Village, a 110-unit luxury apartment and townhome community, provides a built-in customer base. The property is zoned C and situated in Adams County, Pennsylvania, with the full address being 115 Erin Ct, New Oxford, PA 17350. This location offers significant potential for businesses seeking high traffic, convenient access, and a strong residential catchment area. The property's modern construction and flexible layout make it an ideal investment for a variety of retail uses. Contact us today to learn more about this exceptional retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Oxford
    County
    Adams
    State
    Pennsylvania
    Longitude
    -77.0705
    Latitude
    39.8606

    Comparable in this City

    • Value Estimation by Request

      115 Pleasant St

      GAS STATION
      115 Pleasant St, New Oxford, PA 17350-1619
      View Details
    • Value Estimation by Request
      0.18 Acres

      5395 Carlisle Pike

      RESTAURANT • 0.18 Acres
      5395 Carlisle Pike, New Oxford, PA 17350-9629
      View Details
    • Value Estimation by Request
      0.22 Acres

      426 Lincoln W Way

      RETAIL STORES (PERSONAL SERVICES) • 0.22 Acres
      426 Lincoln W Way, New Oxford, PA 17350-1006
      View Details
    • Value Estimation by Request
      0.26 Acres

      411 Lincoln W Way

      RETAIL STORES (PERSONAL SERVICES) • 0.26 Acres
      411 Lincoln W Way, New Oxford, PA 17350-1005
      View Details
    • Value Estimation by Request
      1,464 SF

      1281 Red Hl Rd, Unit A

      GAS STATION • 1,464 SF
      1281 Red Hl Rd, New Oxford, PA 17350-8480
      View Details
    • Value Estimation by Request
      2.02 Acres

      6100 York Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 2.02 Acres
      6100 York Rd, New Oxford, PA 17350-9310
      View Details

    Similar Nearby for Sale

    • $295,000
      0.22 Acres

      Prime Commercial Storefront Opportunity

      Spacious storefront on Lincolnway (Route 30) in New Oxford.
      426 Lincoln Way W, New Oxford, PA 17350
      View Details
    • $364,900
      2,916 SF

      Retail Property in New Oxford

      Retail property for sale in New Oxford, Pennsylvania.
      415 Lincoln Way W, New Oxford, PA 17350
      View Details
    • Contact for pricing
      29,500 SF

      Prime Commercial Development Opportunity

      High-visibility commercial land for development in New Oxford, PA.
      6110-6170 York Rd, New Oxford, PA 17350
      View Details
    • New
      $650,000
      36.74 Acres

      Expansive Land in New Oxford

      36.74 acres with woodland, tillable land, and existing infrastructure.
      298 Tapeworm Rd, New Oxford, PA 17350
      View Details
    • Contact for pricing

      Entitled Industrial Site, Rail Capable

      407,680 sq ft industrial site, rail capable, divisible.
      Ridge Ave, Hanover, PA 17350
      View Details
    • $269,000
      2.07 Acres

      Commercial Land in New Oxford

      2.07 acre commercial lot with high visibility.
      1820 York Rd, New Oxford, PA 17350
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      920 SF

      Retail Space in New Oxford

      Retail and office spaces available in a strip center.
      6115 York Rd, New Oxford, PA 17350
      View Details
    • Contact for pricing
      8,050 SF

      New Retail Space on Route 30

      New construction retail space with drive-thru on high-traffic Route 30.
      York Rd, New Oxford, PA 17350
      View Details
    • Contact for pricing

      Office Unit in Municipal Building

      1,326 SF office unit with shared parking.
      124 N Peters St, New Oxford, PA 17350
      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.
    115 Erin Ct
    New Oxford, PA 17350
    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!