Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    375 Floral Ave Chambersburg, PA 17201
    Property profile & analytics

    375 Floral Ave, Chambersburg, PA 17201

    View on Map
    • Office Spaces
    • 9,849 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Noll Counseling / Counselor
    • Ideal Body Weight Loss / Weight Loss Service
    • Pennsylvania MENTOR / Corporate Office
    • Believe Holistic Wellness / Alternative Medicine Practice / Spa & Massage Center
    • Alpha Reinforcing Services / Construction Company

    Property Details for 375 Floral Ave

    Year built
    1987
    Property type
    Office Spaces
    Property subtype
    Coworking space

    Description

    This exceptional office space, located at 375 Floral Avenue in Chambersburg, Pennsylvania, offers a versatile solution for businesses of all sizes. Part of a six-building campus known as "The Avenues," this single-story, 9,849 square foot building boasts a traditional office layout adaptable to executive, medical, creative, or coworking needs. Currently, one 300-square-foot space is immediately available for lease. The property features convenient amenities including ample free off-street parking, meticulously maintained grounds with extensive green space, and easy access to Interstate 81. Its location provides proximity to Chambersburg Area School District, the YMCA, downtown Chambersburg, and the Franklin County Courthouse. The building is ADA compliant and benefits from a high-tech infrastructure with high-speed internet access. Constructed of concrete, the property is well-maintained by a dedicated, full-time maintenance team. The zoning is DCN, and the property is situated in Franklin County. Flexible floor plans and build-to-suit options are available, making this an ideal location for businesses seeking an unbeatable value in a prime Chambersburg location. Three-phase power is available.

    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
    -77.657
    Latitude
    39.9288

    Comparable in this City

    • Value Estimation by Request
      22,500 SF

      Highly Attractive

      Restaurants
      0 Highly Attractive, Chambersburg, PA 17201
      View Details
    • Value Estimation by Request

      5 Main St

      Office Spaces
      5 Main St, Chambersburg, PA 17201
      View Details
    • Value Estimation by Request

      123 Chambers Hl Dr

      Office Spaces
      123 Chambers Hl Dr, Chambersburg, PA 17201
      View Details
    • Value Estimation by Request
      4,588 SF

      131 Mckinley St

      Office Spaces
      131 Mckinley St, Chambersburg, PA 17201
      View Details
    • Value Estimation by Request
      36,000 SF

      5000 Letterkenny Rd

      Office Spaces
      5000 Letterkenny Rd, Chambersburg, PA 17201
      View Details
    • Value Estimation by Request
      0.18 Acres

      155 8th St

      OFFICE BUILDING
      155 8th St, Chambersburg, PA 17201-2723
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      30,000 Sq.Ft Commercial Building

      30,000 Sq.Ft commercial building on 2 acres for sale.
      342 Grant St, Chambersburg, PA 17201
      View Details
    • Contact for pricing

      Versatile Commercial Building in Chambersburg

      Well-maintained commercial building with mixed-use space and high traffic exposure.
      545 W Loudon St, Chambersburg, PA 17201
      View Details
    • $450,000
      4,588 SF

      131 Mckinley St, Chambersburg, PA 17201

      Office Spaces
      131 Mckinley St, Chambersburg, PA 17201
      View Details
    • Contact for pricing

      Chambersburg Office Suite for Lease

      Prime location, customizable space, all utilities included.
      550 Cleveland Ave, Chambersburg, PA 17201
      View Details
    • $799,000
      6,000 SF

      Versatile Commercial Property Near Route 30

      Two buildings offer flexible space for office, retail, or commercial uses.
      1758 Lincoln Way E, Chambersburg, PA 17201
      View Details
    • Contact for pricing

      Chambersburg Office Suite for Lease

      Modern office, customizable space, all utilities included.
      550 Cleveland Ave, Chambersburg, PA 17201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,406 SF

      Chambersburg Professional/Medical Office Space

      Class A office space near WellSpan Health Campus.
      825 5Th Ave, Chambersburg, PA 17201
      View Details
    • $2,200 /Mo
      13,939 SF

      Chambersburg Mixed-Use Commercial Space

      Adaptable mixed-use space suitable for various businesses.
      756 S Main St, Chambersburg, PA 17201
      View Details
    • $1,000 /Mo

      Unique Downtown Chambersburg Office Space

      Charming office with stone walls, exposed beams, and prime location.
      56 S 3Rd St, Chambersburg, PA 17201
      View Details
    • Contact for pricing

      Versatile Commercial Space Available

      376 SF unit suitable for various business uses.
      A-439 Ramsey Ave, Chambersburg, PA 17201
      View Details
    • New
      $520 /Mo
      10,019 SF

      Chambersburg Shared Office Space

      Private offices with shared amenities in prime Chambersburg location.
      417 Phoenix Dr, 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.
    375 Floral Ave
    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

    Thank You for Inquiry
    375 Floral Ave, Chambersburg, PA, 17201
    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!