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    1595 Harrisburg Pike Middletown, PA 17057
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    1595 Harrisburg Pike, Middletown, PA 17057

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    • Neighborhood centers
    • 69,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 1595 Harrisburg Pike

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Linden Centre Phase II offers exceptional retail space in a thriving Dauphin County location. This 69,000 square foot strip center, part of a larger development anchored by a major grocery store, features three immediately available spaces ranging from 3,500 to 7,250 square feet. The property sits on a generous 7.58-acre lot and is zoned CH, providing flexibility for a variety of uses. Its strategic location offers unparalleled access to key demographics. The center benefits from its proximity to Harrisburg International Airport, Penn State Harrisburg, and the Pennsylvania Turnpike, ensuring high visibility and convenient access for customers and employees. In addition to the available spaces, the development includes a large big-box space adjacent to the anchor tenant and several pad sites ranging from 1,200 to 30,000 square feet. Ample parking is available along all sides of the building. Ideal for restaurants, medical facilities, or office spaces, this property presents a unique opportunity for businesses seeking to establish or expand their presence in the Middletown market. The existing strong anchor tenant and convenient location create a compelling investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.7574
    Latitude
    40.2

    Comparable in this City

    • Value Estimation
      $1,555,000
      52,600 SF

      450 Main St

      SHOPPING CENTER, STRIP CENTER
      450 Main St, Middletown, PA 17057-2740
      View Details
    • Value Estimation
      $1,015,000
      13,920 SF

      100 Brown St

      SHOPPING CENTER, STRIP CENTER
      100 Brown St, Middletown, PA 17057-1741
      View Details
    • Value Estimation by Request
      2,400 SF

      & Nissley Fulling Mill Rd

      Lifestyle centers
      & Nissley Fulling Mill Rd, Middletown, PA 17057
      View Details
    • Value Estimation by Request

      Cor Of Fulling Ml Rd & Nissley Dr

      Retail properties & Spaces
      0 Cor Of Fulling Ml Rd & Nissley Dr, Middletown, PA 17057
      View Details
    • Value Estimation by Request
      49,249 SF

      300-360 Main St

      Individual retail properties
      300-360 Main St, Middletown, PA 17057
      View Details
    • Value Estimation by Request
      45,632 SF

      300-360 Main St

      Retail properties & Spaces
      300-360 Main St, Middletown, PA 17057
      View Details

    Similar Nearby for Sale

    • $570,000
      3,296 SF

      Middletown Restaurant & Bar for Sale

      Turnkey Restaurant/Bar with Liquor License
      15 Mill St, Middletown, PA 17057
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    • Contact for pricing
      2,480 SF

      Middletown Auto Center Opportunity

      Auto center for sale in growing Middletown location.
      405 Spruce St, Middletown, PA 17057
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    • $60,000
      0.18 Acres

      Land Ready to Build

      Land available for sale or lease in Middletown, PA.
      Shippen St, Middletown, PA 17057
      View Details
    • Contact for pricing
      2,407 SF

      Office Building Near Harrisburg Airport

      59,900 SF office building with easy highway access.
      1201 Fulling Mill Rd, Middletown, PA 17057
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      9.10 acres of commercial land suitable for various uses.
      2771 E Harrisburg Pike, Middletown, PA 17057
      View Details
    • Contact for pricing

      Land Available in Middletown, PA

      Land for sale at 2771 E Harrisburg Pike, Middletown, PA
      2771 E Harrisburg Pike, Middletown, PA 17057
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr

      New Commercial Spaces in Middletown

      New commercial spaces for restaurants, medical, or professional offices.
      Walden Way, Middletown, PA 17057
      View Details
    • Contact for pricing

      Retail Shopping Center in Middletown

      Neighborhood retail center with diverse tenants and high traffic.
      300-360 W Main St, Middletown, PA 17057
      View Details
    • Contact for pricing
      3,580 SF

      Retail Space Near Giant Food

      Community center anchored by Giant Food, high visibility, great accessibility.
      428-444 E Main St, Middletown, PA 17057
      View Details
    • Contact for pricing

      Office Building Near Harrisburg Airport

      59,900 SF office building on 5.01 acres for rent.
      1201 Fulling Mill Rd, Middletown, PA 17057
      View Details
    • Contact for pricing
      418,608 SF

      Middletown Warehouse and Distribution Facility

      418,608 SF warehouse and distribution facility in Middletown, PA.
      900 Rosedale Ave, Middletown, PA 17057
      View Details
    • Contact for pricing
      82,500 SF

      High Bay Warehouse Space Available

      Well-located warehouse for last mile delivery needs, available Q2 2022.
      310 Fulling Mill Rd, Middletown, PA 17057
      View Details
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    Middletown, PA 17057
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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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    1595 Harrisburg Pike, Middletown, PA, 17057
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