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    5201 Spg Rd Shermans Dl Shermans Dale, PA 17090
    Property profile & analytics

    5201 Spg Rd Shermans Dl, Shermans Dale, PA 17090

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    • Retail properties & Spaces
    • 57,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 5201 Spg Rd Shermans Dl

    Year built
    1980
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Village Square, located at 5201 Spring Road in Shermans Dale, Pennsylvania, offers exceptional office space opportunities. This three-building complex, totaling 57,000 square feet, boasts a prime location in Perry County (zip code 17090) and sits on a 7.08-acre lot. The property, built in 1980 and classified as Class C, features a two-story design with multiple suites available. Currently, 30,675 square feet of space is vacant, offering flexible options for businesses seeking between 1,500 and 23,675 contiguous square feet. Two immediately available spaces offer 1,950 and 3,040 square feet respectively. The property includes a former bank with a drive-thru facility, adding unique potential. All units are equipped with heat pump HVAC systems, ensuring comfortable year-round climate control. Ample customer parking is available. The property is zoned commercial and benefits from 200+ amp electrical service. The asking rate is $7.50 per square foot, plus $1.50 per square foot for common area maintenance (CAM). This presents a compelling opportunity for businesses seeking versatile and well-maintained office space in a convenient location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shermans Dale
    County
    Perry
    State
    Pennsylvania
    Longitude
    -77.1651
    Latitude
    40.32

    Comparable in this City

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    • Value Estimation by Request
      1,381 SF

      5040 Spg Rd

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      5040 Spg Rd, Shermans Dale, PA 17090-8316
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      0.60 Acres

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      MEDICAL BUILDING
      5200 Spg Rd, Shermans Dale, PA 17090-8540
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      1.10 Acres

      5265 Spg Rd

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    • Value Estimation
      $600,000
      2.50 Acres

      4900 Spg Rd

      RETAIL STORES (PERSONAL SERVICES)
      4900 Spg Rd, Shermans Dale, PA 17090-8314
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    • Value Estimation by Request
      1.11 Acres

      5085 Spg Rd

      BAR, TAVERN
      5085 Spg Rd, Shermans Dale, PA 17090-8317
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    Similar Nearby for Sale

    • $380,000
      3,229 SF

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    • $209,000
      9.49 Acres

      Expansive Land with Picturesque Views

      9.49-acre lot with wooded areas, creek, and mountain views.
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    Shermans Dale, PA 17090
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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.

    More about this property
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