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    1029 Mumma Rd Wormleysburg, PA 17043-1166
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    Property profile & analytics

    1029 Mumma Rd, Wormleysburg, PA 17043-1166

    View on Map
    • Office buildings
    • 13,224 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US73-2134313
    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
    $2,160,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 1029 Mumma Rd

    Lot size
    1.00 lot acres
    Property type
    Office buildings
    APN
    47-19-1590-107
    APU
    47191590107

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 22, 2018 $1,100,000 Integral Properties LLC Pennsylvania Coupon Redemption Serv Warranty Deed $1.2M · Mid Penn Bank

    Description

    This exceptional office property at 1029 Mumma Road in Wormleysburg, Pennsylvania, offers a unique leasing opportunity. The three-building complex, situated on one acre of land, totals 16,434 square feet, with 4,843 square feet currently available for lease. Built in 1967 and extensively renovated in 2020, the property boasts modern upgrades while maintaining its character. The available spaces range from 887 to 3,828 square feet, providing flexibility for various business needs. Each space features a 7'9" ceiling height. The property's convenient location along the West Shore Business Corridor ensures easy access to major business hubs on both the East and West Shores. Ample on-site parking is provided, with a total of 64 spaces available for tenants and their clients. The property's APN is 47-19-1590-107, and it is located in Cumberland County, Pennsylvania, zip code 17043. This well-maintained property presents an excellent opportunity for businesses seeking modern, functional office space in a highly accessible location. The multiple tenancy structure allows for a diverse range of businesses to thrive within this thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,985,000
      6.5%
      $2,755,000
      7%
      $2,560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,059,000
      Market price range: $1.15M - $2.35M
      AI Estimate
      $1,667,000
      Market price range: $395k - $2.01M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,780,000
      Current use
      COMMERCIAL (GENERAL)
      $2,015,000
      Change: +13% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,675,000
      Change: -6% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,535,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wormleysburg
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9121
    Latitude
    40.256
    CBSA code
    25420
    CBSA name
    HARRISBURG-CARLISLE, 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
    $29,662
    $300,000
    $1,176,500
    $1,476,500
    -
    $300,000
    $1,176,500
    $1,476,500

    Comparable in this City

    • Value Estimation
      $3,735,000
      22,890 SF

      500 12th St

      OFFICE BUILDING
      500 12th St, Lemoyne, PA 17043-1241
      View Details
    • Value Estimation
      $2,300,000
      15,123 SF

      645 12th St

      OFFICE BUILDING
      645 12th St, Lemoyne, PA 17043-1219
      View Details
    • Value Estimation by Request
      0.23 Acres

      26 9th St

      OFFICE BUILDING
      26 9th St, Lemoyne, PA 17043-1458
      View Details
    • Value Estimation by Request
      1,004 SF

      502 Market St

      OFFICE BUILDING
      502 Market St, Lemoyne, PA 17043-1511
      View Details
    • Value Estimation
      $535,000
      4,701 SF

      356 Market St

      OFFICE BUILDING
      356 Market St, Lemoyne, PA 17043
      View Details
    • Value Estimation
      $3,035,000
      31,991 SF

      1300 Market St

      OFFICE BUILDING
      1300 Market St, Lemoyne, PA 17043-1420
      View Details

    Similar Nearby for Sale

    • $399,999
      0.14 Acres

      Wormleysburg Office with River Views

      Professional office with Susquehanna River views in Wormleysburg, PA.
      318 N Front St, Wormleysburg, PA 17043
      View Details
    • Contact for pricing
      8,000 SF

      Freestanding Office Building in Lemoyne

      8,000 SF office building with excellent access and parking.
      426 S 3Rd St, Lemoyne, PA 17043
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    • Contact for pricing
      24,400 SF

      West Shore Office Building For Sale

      24,400 SF office building in Wormleysburg, PA for sale.
      1011 Mumma Rd, Wormleysburg, PA 17043
      View Details
    • Contact for pricing
      32,724 SF

      West Shore Office Building For Sale

      Office building in desirable location with good visibility and renovations.
      1300 Market St, Lemoyne, PA 17043
      View Details
    • New
      $409,900
      0.33 Acres

      Mixed-Use Building with Office and Apartments

      Spacious office suite plus two 1-bedroom units with full kitchens and baths, offering flexible owner-user or investor income potential.
      300-302 Market St, Lemoyne, PA 17043
      View Details
    • Contact for pricing

      Lemoyne Mixed-Use Investment Opportunity

      13-unit mixed-use property with residential and commercial spaces.
      304 Market St, Lemoyne, PA 17043
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Camp Hill Corporate Center Office

      Colonial-style office building with suites available for rent.
      1035 Mumma Rd, Wormleysburg, PA 17043
      View Details
    • Contact for pricing

      West Shore Office Space Available

      Office building with modern upgrades and ample parking for lease.
      1029 Mumma Rd, Lemoyne, PA 17043
      View Details
    • Contact for pricing

      Colonial Brick Multi-Tenant Office Building

      Three-story office building with multiple suites available for rent.
      1013 Mumma Rd, Lemoyne, PA 17043
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office building with convenient access and renovated parking.
      20 Erford Rd, Lemoyne, PA 17043
      View Details
    • $1,900 /Mo

      Wormleysburg Waterfront Class B Office

      Class B office space with river views and private parking.
      730 N Front St, Wormleysburg, PA 17043
      View Details
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    Wormleysburg, PA 17043-1166
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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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