Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    144 Reno Ave New Cumberland, PA 17070

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    144 Reno Ave New Cumberland, PA 17070

    View on Map
    • Commercial real estate
    • 11,994 SF
    • 0.37 lot acres
    For Lease
    $535,000
    View Listing →
    Versatile Flex Space in New Cumberland For Lease
    $535,000
    8,300 SF

    Versatile Flex Space in New Cumberland

    Flex space with offices and warehouse, convenient highway access.

    144 Reno Ave, New Cumberland, PA 17070
    View Listing
    Property ID
    US73-1921541
    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

    • Commercial real estate

    Property Details for 144 Reno Ave

    Lot size
    0.37 lot acres
    Property size
    11,994 SF
    Property type
    Commercial real estate
    APN
    25-25-0006-383
    APU
    25250006383

    Description

    This exceptional 8,300-square-foot flex space presents a unique opportunity in New Cumberland, Pennsylvania. Situated on a 0.37-acre lot, this single-tenant property offers a compelling blend of office and warehouse space, perfect for a variety of businesses. The building, constructed in 1950, is a single-story structure with a 15'6" ceiling height. Approximately 3,000 square feet are dedicated to flexible office space, encompassing private offices, an open area suitable for a conference table or cubicles, and ample storage. The remaining 5,300 square feet comprise warehouse/storage space, conveniently accessed via a 14-foot drive-in door. The property boasts 15+ parking spaces and is equipped with 220-volt, 3-phase power. Its mixed-use zoning provides flexibility for various business operations. The strategic location in New Cumberland offers easy access to major transportation arteries, including I-83 and the Pennsylvania Turnpike (I-76), ensuring convenient commutes and efficient logistics. The property's features, combined with its prime location, make it an attractive option for businesses seeking a versatile and well-situated space. The APN is 25-25-0006-383, located in Cumberland County. No elevators are present on the property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $593,000
      Market price range: $593k - $2.08M
      AI Estimate
      $732,000
      Market price range: $733k - $2.34M

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

    Location Insight

    • Map
    • Local Demand
    City
    New Cumberland
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.8635
    Latitude
    40.2235
    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
    $6,922
    $40,600
    $301,200
    $341,800
    -
    $40,600
    $301,200
    $341,800

    Comparable in this City

    • Value Estimation by Request
      0.02 Acres

      110 Meadowbrook Rd

      COMMERCIAL (GENERAL) • 0.02 Acres
      110 Meadowbrook Rd, New Cumberland, PA 17070
      View Details
    • Value Estimation by Request
      0.24 Acres

      Pne Tree Dr

      COMMERCIAL (GENERAL) • 0.24 Acres
      Pne Tree Dr, New Cumberland, PA 17070
      View Details
    • Value Estimation by Request
      2,900 SF

      22 8th St

      SHOW ROOM, WAREHOUSE • 2,900 SF
      22 8th St, New Cumberland, PA 17070-1678
      View Details
    • Value Estimation by Request
      2,500 SF

      99 15th St

      COMMERCIAL (GENERAL) • 2,500 SF
      99 15th St, New Cumberland, PA 17070-1102
      View Details
    • Value Estimation by Request
      0.74 Acres

      110 Limekiln Rd

      COMMERCIAL CONDOMINUIM • 0.74 Acres
      110 Limekiln Rd, New Cumberland, PA 17070-2475
      View Details
    • Value Estimation by Request
      6.17 Acres

      1201 Market St

      COMMERCIAL (GENERAL) • 6.17 Acres
      1201 Market St, New Cumberland, PA 17070-1602
      View Details

    Similar Nearby for Sale

    • $1,500,000
      20,000 SF

      Downtown New Cumberland Anchor Property

      Two buildings with off-street parking in a desirable location.
      300 Bridge St, New Cumberland, PA 17070
      View Details
    • Contact for pricing

      Cleared Land Ready for Development

      Two parcels of land available for multiple commercial uses.
      110 Meadowbrook Rd, New Cumberland, PA 17070
      View Details
    • Contact for pricing

      Commercial Land Near Interstate 83

      6.19 acre commercial land parcel near I-83.
      Old York Rd, New Cumberland, PA 17070
      View Details
    • $411,500

      Eight-Acre Development Site I-83 Frontage

      Eight-acre development site with frontage on I-83 and Pleasant View Road.
      360 Pleasantview Rd, New Cumberland, PA 17070
      View Details
    • Contact for pricing

      22.19 Acres with Expansion Potential

      22.19 acres with ability to add 50,000 SF building.
      700 Shawnee Ct, New Cumberland, PA 17070
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Flex Space in New Cumberland

      Flex space with offices and warehouse, convenient highway access.
      144 Reno Ave, New Cumberland, PA 17070
      View Details
    • Contact for pricing

      New Cumberland Land Lease Opportunity

      4.04 acre land for lease in New Cumberland, PA.
      Old York Rd, New Cumberland, PA 17070
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      Retail space with drive-thru and ample parking available for rent.
      105 Old York Rd, New Cumberland, PA 17070
      View Details
    • $8 SF/Yr

      Harrisburg Restaurant and Retail Space

      Restaurant and retail space in modern apartment community.
      148 Sheraton Dr, New Cumberland, PA 17070
      View Details
    • $12 SF/Yr
      10,000 SF

      New Cumberland Creative Office Space

      Prime Downtown Office, 10,000 SF
      300 Bridge St, New Cumberland, PA 17070
      View Details
    View Listing
    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.
    144 Reno Ave
    New Cumberland, PA 17070
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!