Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2020 Technology Pkwy Mechanicsburg, PA 17050

    • Office Properties & Spaces
    • 20.33 lot acres
    For Lease
    View listing
    Last Sale
    Feb 02, 2022
    $45,000,000
    Value Estimations
    $46,565,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1555871
    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.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 2020 Technology Pkwy

    Lot size
    20.33 lot acres
    Property type
    Office Properties & Spaces
    APN
    10-14-0839-022
    APU
    10140839022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $49,700,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicsburg
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9787
    Latitude
    40.2847
    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
    $516,332
    $5,082,500
    $31,322,500
    $36,405,000
    -
    $5,082,500
    $31,322,500
    $36,405,000

    Comparable in this City

    • Value Estimation by Request
      24,990 SF

      Waterford Dr

      Medical offices • 24,990 SF
      0 Waterford Dr, Mechanicsburg, PA 17050
      View Details
    • Value Estimation by Request

      6483 Carlisle Pike, Unit 5

      CONDOMINIUM OFFICES
      6483 Carlisle Pike, Mechanicsburg, PA 17050-2346
      View Details
    • Value Estimation by Request

      5008 Lenker St

      CONDOMINIUM OFFICES
      5008 Lenker St, Mechanicsburg, PA 17050-1925
      View Details
    • Value Estimation by Request

      5010 Lenker St

      CONDOMINIUM OFFICES
      5010 Lenker St, Mechanicsburg, PA 17050-3204
      View Details
    • Value Estimation
      $1,000,000

      6483 Carlisle Pike, Unit 1

      CONDOMINIUM OFFICES
      6483 Carlisle Pike, Mechanicsburg, PA 17050-2346
      View Details
    • Value Estimation by Request
      1.00 Acre

      5006 Trindle Rd, Unit U-201

      CONDOMINIUM OFFICES • 1.00 Acre
      5006 Trindle Rd, Mechanicsburg, PA 17050-3647
      View Details

    Similar Nearby for Sale

    • $4,750,000
      38,000 SF

      First-class Office Building in the Beautiful Bent Creek Office Park, in Mechanicsburg, PA.

      First-class Office Building in the Beautiful Bent Creek Office Park, in Mechanicsburg, PA.
      1000 Bent Creek Boulevard, Mechanicsburg, PA 17050
      View Details
    • Contact for pricing
      1,800 SF

      Carlisle Pike Retail/Office Space

      Retail and office suites available on Carlisle Pike in Mechanicsburg.
      4702-4704 Carlisle Pike, Mechanicsburg, PA 17050
      View Details
    • Contact for pricing

      Retail Space on Carlisle Pike

      Retail space available with dedicated entrance and shared parking.
      6100 Carlisle Pike, Mechanicsburg, PA 17050
      View Details
    • $895,000

      Land on Carlisle Pike Corridor

      Land with full approvals on high-traffic retail corridor.
      Silver Spring Rd, Mechanicsburg, PA 17050
      View Details
    • $800,000

      Mechanicsburg, PA 17050

      Investment properties
      Mechanicsburg, PA 17050
      View Details
    • Contact for pricing
      28,380 SF

      Mechanicsburg Retail Center

      High-traffic shopping center, 28,380 SF
      4713 Carlisle Pike, Mechanicsburg, PA 17050
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      36,239 SF

      Sterling Place: Build-to-Suit Office

      Premier Class A office space, Mechanicsburg, PA
      400 Sterling Pkwy, Mechanicsburg, PA 17050
      View Details
    • $14 SF/Yr
      2,210 SF

      Mechanicsburg Office Building For Lease

      Prime Office Space, High Visibility, Flexible Layout
      352 S. Sporting Hill Road Mechanicsburg, PA 17050, Mechanicsburg, PA 17050
      View Details
    • Contact for pricing
      3,455 SF

      Mechanicsburg New Construction Office Space

      New Class-A office/commercial space in Mechanicsburg, PA for rent.
      19 Waterford Dr, Mechanicsburg, PA 17050
      View Details
    • $19 SF/Yr
      4,250 SF

      Mechanicsburg Medical Office Suite

      Class A medical office suite in Mechanicsburg's Waterford Building.
      21 Waterford Dr, Mechanicsburg, PA 17050
      View Details
    • $18 SF/Yr
      510 SF

      Refurbished Office Suites on Trindle

      Versatile office spaces with monument signage and ample parking.
      5021-5023 E Trindle Rd, Mechanicsburg, PA 17050
      View Details
    • $18 SF/Yr
      38,000 SF

      Mechanicsburg Office Space Available

      First-class office space for lease in Mechanicsburg, Pennsylvania.
      1000 Bent Creek Blvd, Mechanicsburg, PA 17050
      View Details
    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.
    2020 Technology Pkwy
    Mechanicsburg, PA 17050
    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.