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    2010 State Rd Camp Hill, PA 17011-5953
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    Property profile & analytics

    2010 State Rd Camp Hill, PA 17011-5953

    View on Map
    • Office buildings
    • 2.39 lot acres
    Off-Market
    Last Sale Dec 20, 2024
    $83,000
    Property ID
    US73-1196505
    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

    • Office buildings

    Property Details for 2010 State Rd

    Lot size
    2.39 lot acres
    Property type
    Office buildings
    APN
    13-22-0536-055
    APU
    13220536055

    Description

    This exceptional Camp Hill, Pennsylvania office property, located at 2010 State Road, offers a unique opportunity for businesses seeking flexible and creative workspace. The building, situated on a high-traffic area of State Road (with 11,000 vehicles passing daily) and near Hummel Avenue, comprises 6,000 square feet across two stories. The property is currently configured as a multi-tenant building with two suites, offering a minimum divisible space of 3,000 square feet and a maximum contiguous space of 6,000 square feet. Currently, 3,000 square feet of office space is immediately available. The building's classification includes Creative Office, Professional, and Traditional office space, making it suitable for a variety of businesses. Located in Cumberland County, with a zip code of 17011, this property presents a strategic location for businesses seeking high visibility and convenient access. The property's single building structure provides a cohesive and efficient work environment. This is an excellent opportunity to establish a presence in a thriving Camp Hill commercial district. The high daily traffic count on State Road ensures significant exposure for your business. Contact us today to learn more about this exceptional office space opportunity.

    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
    Camp Hill
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9151
    Latitude
    40.2332
    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
    $20,100
    $255,600
    $736,900
    $992,500
    -
    $255,600
    $736,900
    $992,500

    Comparable in this City

    • Value Estimation by Request
      508,952 SF

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    • Value Estimation
      $2,215,000
      11,252 SF

      3920 Market St

      OFFICE BUILDING • 11,252 SF
      3920 Market St, Camp Hill, PA 17011-4202
      View Details
    • Value Estimation
      $3,465,000
      17,612 SF

      3500 Market St

      OFFICE BUILDING • 17,612 SF
      3500 Market St, Camp Hill, PA 17011-4354
      View Details
    • Value Estimation
      $3,765,000
      1.48 Acres

      3314 Market St

      OFFICE BUILDING • 1.48 Acres
      3314 Market St, Camp Hill, PA 17011-4465
      View Details
    • Value Estimation
      $1,200,000
      6,089 SF

      4665 Trindle Rd

      OFFICE BUILDING • 6,089 SF
      4665 Trindle Rd, Shiremanstown, PA 17011
      View Details
    • Value Estimation
      $520,000
      0.64 Acres

      3510 Trindle Rd

      OFFICE BUILDING • 0.64 Acres
      3510 Trindle Rd, Camp Hill, PA 17011-4439
      View Details

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      Camp Hill Contemporary Office Building

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      Class A Office Space Available

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      Camp Hill Commercial Space Available

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    Similar Nearby for Lease

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      Camp Hill Office Building For Lease

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    • $12 SF/Yr

      West Shore Office Space Available

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      Class-A Office Space Available

      Class-A office space for lease in Camp Hill, PA.
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      Renovated Office Building For Lease

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      Professional Office Building on Carlisle

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      View Details
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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.

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