Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1021 Cumberland St Lebanon, PA 17042-5147
    Back to Search
    Property profile & analytics

    1021 Cumberland St Lebanon, PA 17042-5147

    View on Map
    • Investment properties
    • 7,702 SF
    • 0.41 lot acres
    Off-Market
    Last Sale Dec 16, 2025
    $288,400
    Property ID
    US73-3281141
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Biaggio's Premium Italian Hoagies / Take-out & Catering
    • Northside Truck Center and Truck Caps / Auto Parts Store / Big Box & Wholesale Store

    Property Details for 1021 Cumberland St

    Year built
    1950
    Lot size
    0.41 lot acres
    Property size
    7,702 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    03-2336824-369220-0000
    APU
    323368243692200000

    Description

    This 6,686 square foot freestanding building presents a unique opportunity in Lebanon, Pennsylvania's Central Business District. Located on Cumberland Street, this property boasts excellent visibility and accessibility. The building's flexible design caters to a variety of uses, encompassing retail, office, and industrial needs. The interior features 15-foot ceilings throughout, providing ample vertical space, and includes two 14-foot high dock doors for convenient loading and unloading. The 0.41-acre lot offers ample off-street parking. The Central Business District zoning allows for a wide range of permitted uses, including bakeries, restaurants, microbreweries, distilleries, convenience stores, contractor's offices, retail, office, and medical facilities, among others. The property also includes attached storage units, offering potential for additional income streams. Currently vacant, this building is priced at $350,000, with a price per square foot of $52.35. This is an ideal owner-occupant facility with significant potential for growth and profitability. The property is situated on Route 422, offering easy access to major transportation routes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.4287
    Latitude
    40.3393
    CBSA code
    30140
    CBSA name
    LEBANON, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,250
    $51,900
    $216,900
    $268,800
    -
    $53,285
    $222,689
    $275,974

    Comparable in this City

    • Value Estimation by Request
      4,802 SF

      9 22nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,802 SF
      9 22nd St, Lebanon, PA 17042-2557
      View Details
    • Value Estimation by Request
      4,782 SF

      41 Cumberland St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,782 SF
      41 Cumberland St, Lebanon, PA 17042-5428
      View Details
    • Value Estimation by Request
      9,485 SF

      740 Cumberland St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,485 SF
      740 Cumberland St, Lebanon, PA 17042-5278
      View Details
    • Value Estimation by Request
      3,624 SF

      15 Poplar St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,624 SF
      15 Poplar St, Lebanon, PA 17042-6330
      View Details
    • Value Estimation by Request
      2,700 SF

      1029 Quentin Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,700 SF
      1029 Quentin Rd, Lebanon, PA 17042-6931
      View Details
    • Value Estimation by Request
      5,289 SF

      122 Cumberland St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,289 SF
      122 Cumberland St, Lebanon, PA 17042
      View Details

    Similar Nearby for Sale

    • $449,000

      Mixed-Use Property on Cumberland Street

      3,006 SF mixed-use property with commercial and residential units.
      429 E Cumberland St, Lebanon, PA 17042
      View Details
    • $900,000
      1.69 Acres

      Lebanon Commercial Land Opportunity

      Prime Lebanon location, Wawa-anchored development.
      2500 Quentin Rd Unit, Lebanon, PA 17042
      View Details
    • $2,095,000
      17,547 SF

      Prime Lebanon Retail & Office Building

      High-traffic location, excellent income potential.
      701 Cumberland St, Lebanon, PA 17042
      View Details
    • Contact for pricing

      Vacant Land For Development

      Five acre vacant parcel suitable for various commercial uses.
      N 15Th Ave, Lebanon, PA 17042
      View Details
    • Contact for pricing

      Prime Pad Site For Lease

      Pad site available for lease adjacent to Weis Markets.
      1651 East Cumberland St, Lebanon, PA 17042
      View Details
    • Contact for pricing

      Retail Property Near Weis Markets

      Retail property anchored by Weis Markets with high foot traffic.
      800 S 12Th St, Lebanon, PA 17042
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Development in Lebanon County

      Mixed-use development with retail, residential, and commercial components.
      Quentin Rd, Lebanon, PA 17042
      View Details
    • $9 SF/Yr
      4,920 SF

      Downtown Lebanon Restaurant Space

      Prime location, 4900+ sq ft, immediate lease.
      1000 Cumberland St, Lebanon, PA 17042
      View Details
    • Contact for pricing

      Lebanon Distribution Warehouse For Lease

      68,204 SF climate-controlled warehouse space in established industrial hub.
      225 N 16Th St, Lebanon, PA 17042
      View Details
    • $7 SF/Yr
      176,848 SF

      Warehouse/Distribution Facility in Lebanon

      176,848 SF warehouse/distribution facility with expansion potential.
      25 Keystone Dr, Lebanon, PA 17042
      View Details
    • Contact for pricing
      4,635 SF

      Retail Space in Anchored Center

      Neighborhood shopping center space, ideal for various business types.
      467-481 W Penn Ave, Cleona, PA 17042
      View Details
    • Contact for pricing
      4,635 SF

      Retail Space on High-Traffic Corridor

      Grocery-anchored retail space suitable for various businesses.
      435-465 W Penn Ave, Cleona, PA 17042
      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.
    1021 Cumberland St
    Lebanon, PA 17042-5147
    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
    1021 Cumberland St, Lebanon, PA, 17042
    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!