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    Property profile & analytics

    2028 Market St Camp Hill, PA 17011-4703

    • Office buildings
    • 2,506 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Sep 15, 2023
    $800,000
    Value Estimations
    $675,000
    Show details
    Cap Rate Potential
    5%
    Office buildings
    Location Intelligence
    Property ID
    US73-2666546
    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

    • Dana Carvell Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • Little Lion Photography LLC / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 2028 Market St

    Lot size
    0.21 lot acres
    Property size
    2,506 SF
    Property type
    Office buildings
    APN
    01-21-0271-404
    APU
    1210271404

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $680,000
      ML approach
      $720,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $565,000
      6.5%
      $520,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $523,000
      Market price range: $218k - $524k
      AI Estimate
      $432,000
      Market price range: $120k - $433k

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

    Location Insight

    • Map
    • Local Demand
    City
    Camp Hill
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9196
    Latitude
    40.2403
    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
    $15,447
    $91,800
    $533,100
    $624,900
    -
    $91,800
    $533,100
    $624,900

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      3819 Market St

      OFFICE BUILDING • 1,000 SF
      3819 Market St, Camp Hill, PA 17011-4328
      View Details
    • Value Estimation
      $1,450,000
      0.67 Acres

      1525 Cedar Clf Dr

      OFFICE BUILDING • 0.67 Acres
      1525 Cedar Clf Dr, Camp Hill, PA 17011-7707
      View Details
    • Value Estimation
      $1,455,000
      2.09 Acres

      1513 Cedar Clf Dr

      OFFICE BUILDING • 2.09 Acres
      1513 Cedar Clf Dr, Camp Hill, PA 17011-7721
      View Details
    • Value Estimation by Request
      2.00 Acres

      1845 Ctr St

      OFFICE BUILDING • 2.00 Acres
      1845 Ctr St, Camp Hill, PA 17011-1703
      View Details
    • Value Estimation by Request
      1,876 SF

      48 Central Blvd

      OFFICE BUILDING • 1,876 SF
      48 Central Blvd, Camp Hill, PA 17011-4211
      View Details
    • Value Estimation by Request
      1,003 SF

      3414 Chestnut St

      OFFICE BUILDING • 1,003 SF
      3414 Chestnut St, Camp Hill, PA 17011-4414
      View Details

    Similar Nearby for Sale

    • $1,550,000
      6,400 SF

      Camp Hill Office Building

      6,400 SF office building for sale in Camp Hill.
      3912 Trindle Rd, Camp Hill, PA 17011
      View Details
    • New
      $945,000
      0.53 Acres

      Turn Key Medical/Office Building

      Camp Hill medical/office building, partially leased, convenient location.
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    • $1,500,000

      New Contemporary Office Building

      Architecturally striking, newly constructed office building on Market Street in Camp Hill.
      3860 Market St, Camp Hill, PA 17011
      View Details
    • Contact for pricing
      60,000 SF

      Class A Office Space Available

      Class A office building with on-site amenities and ample parking.
      200 Corporate Center Dr, Camp Hill, PA 17011
      View Details
    • $1,950,000

      Camp Hill Office Building For Sale

      Three-story office building with move-in ready space in Camp Hill.
      3820 Market St, Camp Hill, PA 17011
      View Details
    • $1,850,000

      Leased Office/Retail Building For Sale

      Fully leased office/retail building in prime Camp Hill location.
      3900 Market St, Camp Hill, PA 17011
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      10,000 SF

      West Shore Office Space Available

      Aesthetically pleasing office building in the heart of West Shore.
      3507 Market St, Camp Hill, PA 17011
      View Details
    • $2,000 /Mo
      1,344 SF

      Camp Hill Office Building For Lease

      Single-tenant office building with parking in Camp Hill, PA.
      23 W Main St, Camp Hill, PA 17011
      View Details
    • $1,500 /Mo
      1,800 SF

      Turn-Key Office Building For Rent

      Recently renovated office building in Camp Hill, PA for rent.
      3623 Gettysburg Rd, Camp Hill, PA 17011
      View Details
    • $171,514
      12,251 SF

      Class A Office Sublease

      Class A office space available for sublease in Camp Hill.
      425 North 21St St, Camp Hill, PA 17011
      View Details
    • $15 SF/Yr
      82,380 SF

      Professional Office Building on Carlisle

      Professional office building with unmatched visibility and convenient location.
      4242 Carlisle Pike, Camp Hill, PA 17011
      View Details
    • $19 SF/Yr
      58,593 SF

      Grandview Corporate Place Office Suites

      Prestigious Camp Hill Executive Offices, 7 Suites Available
      205 Grandview Ave, Camp Hill, PA 17011
      View Details
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    2028 Market St
    Camp Hill, PA 17011-4703
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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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