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    1706 Good Hope Rd Enola, PA 17025

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    1706 Good Hope Rd Enola, PA 17025

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    • Commercial land
    For Sale
    $1,500,000
    View Listing →
    Land Investment Opportunity For Sale
    $1,500,000

    Land Investment Opportunity

    6.78 AC land ideal for senior living and offices.

    1706 Good Hope Rd, Enola, PA 17025
    View Listing
    Property ID
    US73-1371025
    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 land

    Property Details for 1706 Good Hope Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Excellent Land Investment With Visibility Along Interstate-81. 6.78 Ac of Land, Ideal for Senior Living and Offices. Site is Surrounded by Top-tier Medical Practices in the Upmc and Penn State Health Systems and Within One Mile is the Penn State Health Hampden Center Hospital, Which Opened in October 2021 and the Upmc West Shore Hospital and Hillman Cancer Center on Technology Parkway

    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
    Enola
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9867315
    Latitude
    40.2788025

    Comparable in this City

    • Contact for pricing

      East Pennsboro Commercial Land Parcel

      1.5 acre commercial land in East Pennsboro, Cumberland County.
      325 W Shady Ln, Enola, PA 17025
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      40,000 SF

      Land in Hampden Marketplace

      Located in Hampden Marketplace, perfect for retail or medical uses.
      4540 Marketplace Way, Enola, PA 17025
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      Prime Commercial Land Parcels Available

      Land parcels available on Harrisburg Capital Beltway along Interstate 81.
      West At Summerdale, Enola, PA 17025
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      Prime Commercial Land Parcels Available

      Commercial land parcels available on Harrisburg Capital Beltway.
      1 Metropolitan Way, Enola, PA 17025
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    • $1,999,000
      42,360 SF

      Two Office Buildings For Sale

      Two office buildings totaling 42,360 SF on the same parcel.
      123-125 N Enola Dr, Enola, PA 17025
      View Details
    • $1,999,000

      Enola Office Buildings For Sale

      Two office buildings totaling 42,360 SF near major routes.
      123 N Enola Dr, Enola, PA 17025
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      East Pennsboro Commercial Land Parcel

      1.5 acre commercial land in East Pennsboro, Cumberland County.
      325 W Shady Ln, Enola, PA 17025
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    • Contact for pricing
      40,000 SF

      Land in Hampden Marketplace

      Located in Hampden Marketplace, perfect for retail or medical uses.
      4540 Marketplace Way, Enola, PA 17025
      View Details
    • Contact for pricing

      Prime Commercial Land Parcels Available

      Land parcels available on Harrisburg Capital Beltway along Interstate 81.
      West At Summerdale, Enola, PA 17025
      View Details
    • Contact for pricing

      Prime Commercial Land Parcels Available

      Commercial land parcels available on Harrisburg Capital Beltway.
      1 Metropolitan Way, Enola, PA 17025
      View Details
    • $1,999,000

      Enola Office Buildings For Sale

      Two office buildings totaling 42,360 SF near major routes.
      123 N Enola Dr, Enola, PA 17025
      View Details
    • $1,999,000
      42,360 SF

      Two Office Buildings For Sale

      Two office buildings totaling 42,360 SF on the same parcel.
      123-125 N Enola Dr, Enola, PA 17025
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,250 SF

      Enola Restaurant and Pub Space

      3,250 SF pub and restaurant space for lease.
      104 Market St, Enola, PA 17025
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      Restaurant Space in West Fairview

      3,250 SF restaurant space appealing to West and East Shore.
      104 Market St, West Fairview, PA 17025
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      Enola Bank with Drive-Thru Lanes

      3,710 SF vacant bank with drive-thru for lease.
      730 Wertzville Rd, Enola, PA 17025
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      New Retail Development Opportunity

      New commercial development opportunity for lease in Enola, PA.
      4545 Marketplace Way, Enola, PA 17025
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      Convenience-Based Shopping Center For Rent

      141,451 SF shopping center with high traffic and visibility.
      429 N Enola Rd, Enola, PA 17025
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    • $427 /Mo

      Renovated Office Building Near Highways

      Recently renovated office building with space available for lease.
      125 N Enola Dr, Enola, PA 17025
      View Details
    View Listing
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    1706 Good Hope Rd
    Enola, PA 17025
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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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