Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1958 Spring Rd Carlisle, PA 17013
    Back to Search
    Property profile & analytics

    1958 Spring Rd, Carlisle, PA 17013

    View on Map
    • Community centers
    • 2.13 lot acres
    For Lease
    $650,000
    View Listing →
    Retail and Restaurant Spaces Available For Lease
    $650,000

    Retail and Restaurant Spaces Available

    Former bank and restaurant spaces for lease on Spring Rd.

    1958 Spring Rd, Carlisle, PA 17013
    View Listing
    Property ID
    US73-2587228
    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
    $650,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Community centers

    Property Details for 1958 Spring Rd

    Lot size
    2.13 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    29-16-1094-192
    APU
    29161094192

    Description

    This exceptional 2,240-square-foot retail space, situated at 1958 Spring Road in Carlisle, Pennsylvania, presents a compelling investment opportunity. Previously occupied by a bank and a restaurant, this single-tenant property boasts a highly visible location directly on Spring Road, benefiting from an estimated 8,000 vehicles passing daily. The 2.13-acre lot provides ample parking for customers and employees, ensuring convenient access. Its strategic location near the Carlisle exit of the Pennsylvania Turnpike and the Carlisle Fair Grounds guarantees significant foot traffic and exposure to a large customer base. The property's proximity to established national retailers like Karns, Family Dollar, and Rite Aid further enhances its appeal and potential for success. This versatile space is ideal for a variety of retail uses, office spaces, or even a restaurant, offering a unique blend of accessibility, visibility, and established commercial presence within a thriving community in Cumberland County. The property's size and location make it an attractive option for businesses seeking a prominent presence in a high-traffic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $680,000
      ML approach
      $680,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Carlisle
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.1804
    Latitude
    40.2353
    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
    $9,855
    $306,200
    $182,800
    $489,000
    -
    $306,200
    $182,800
    $489,000

    Comparable in this City

    • Value Estimation
      $2,475,000
      336,694 SF

      800 High St

      MINI-MALL
      800 High St, Carlisle, PA 17013-2663
      View Details
    • Value Estimation by Request
      369,233 SF

      299 Westminster Dr

      Lifestyle centers
      299 Westminster Dr, Carlisle, PA 17013
      View Details
    • Value Estimation by Request
      15,030 SF

      2 Baltimore St

      MINI-MALL
      2 Baltimore St, Carlisle, PA 17013-3807
      View Details
    • Value Estimation by Request
      384,004 SF

      10 Noble Blvd

      MINI-MALL
      10 Noble Blvd, Carlisle, PA 17013-4113
      View Details
    • Value Estimation
      $17,450,000
      12.19 Acres

      235 Spg Gdn St

      REGIONAL SHOPPING CENTER, MALL
      235 Spg Gdn St, Carlisle, PA 17013-2565
      View Details
    • Value Estimation by Request
      25,880 SF

      221 Penrose Pl

      REGIONAL SHOPPING CENTER, MALL
      221 Penrose Pl, Carlisle, PA 17013-4014
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,930 SF

      Carlisle Borough Free-Standing Building

      Two-story concrete building with parking in Carlisle Borough.
      254 E North St, Carlisle, PA 17013
      View Details
    • Contact for pricing
      11 SF

      Prime Commercial Land for Sale

      11.71 acre commercial parcel with redevelopment potential in Carlisle, PA.
      800 East High St, Carlisle, PA 17013
      View Details
    • Contact for pricing

      Commercial Land on Spring Road

      One-acre commercial property with high visibility and multiple access points.
      1602 Spring Rd, Carlisle, PA 17013
      View Details
    • $14,200,000

      Truck Towing and Recovery Portfolio

      Portfolio of truck towing and recovery facilities in Pennsylvania for sale.
      1220 Newville Rd, Carlisle, PA 17013
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Carlisle Plaza

      Neighborhood center anchored by Karns Grocery and Family Dollar.
      1706 Spring Rd, Carlisle, PA 17013
      View Details
    • Contact for pricing

      Prime Retail/Commercial Leasing Opportunity

      Exceptional space for retail or commercial tenants in Carlisle, PA.
      34 South Hanover St, Carlisle, PA 17013
      View Details
    • Contact for pricing
      1,198 SF

      Retail Space in Carlisle Crossing

      Retail space available in a Target and Kohl’s anchored center.
      202 Westminster Dr, Carlisle, PA 17013
      View Details
    • Contact for pricing
      2,335 SF

      Retail Space in Carlisle Crossing

      Retail space available in a Target and Kohl’s anchored center.
      299 Westminster Dr, Carlisle, PA 17013
      View Details
    • Contact for pricing
      6,492 SF

      Retail Space in Carlisle Plaza

      Retail space available in a neighborhood shopping center.
      1706 Spring Rd, Carlisle, PA 17013
      View Details
    • Contact for pricing

      Grocery-Anchored Shopping Center For Rent

      High-volume shopping center with excellent visibility and accessibility.
      100 Noble Blvd, Carlisle, PA 17013
      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.
    1958 Spring Rd
    Carlisle, PA 17013
    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
    1958 Spring Rd, Carlisle, PA, 17013
    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!