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

    2234 Market St Mechanicsburg, PA 17055-5549

    • Gas stations
    • 3.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1821080
    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

    • Gas stations

    Property Details for 2234 Market St

    Lot size
    3.60 lot acres
    Property type
    Gas stations
    APN
    42-29-2454-285
    APU
    42292454285

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicsburg
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9836
    Latitude
    40.1742
    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
    $20,521
    $360,000
    $610,600
    $970,600
    -
    $360,000
    $610,600
    $970,600

    Comparable in this City

    • Value Estimation by Request
      1,769 SF

      114 York St

      SERVICE STATION (FULL SERVICE) • 1,769 SF
      114 York St, Mechanicsburg, PA 17055
      View Details
    • Value Estimation by Request
      2,640 SF

      700 Simpson St

      SERVICE STATION (FULL SERVICE) • 2,640 SF
      700 Simpson St, Mechanicsburg, PA 17055-3476
      View Details
    • Value Estimation by Request
      4.82 Acres

      145 Gettysburg Pike

      SERVICE STATION (FULL SERVICE) • 4.82 Acres
      145 Gettysburg Pike, Mechanicsburg, PA 17055-5605
      View Details
    • Value Estimation by Request
      2,079 SF

      138 Main St

      SERVICE STATION (FULL SERVICE) • 2,079 SF
      138 Main St, Mechanicsburg, PA 17055-6229
      View Details
    • Value Estimation by Request
      2,860 SF

      18 Gettysburg Pike

      VEHICLE SALES, RENTALS • 2,860 SF
      18 Gettysburg Pike, Mechanicsburg, PA 17055-5601
      View Details
    • Value Estimation by Request
      0.88 Acres

      90 Cumberland Pkwy

      CAR WASH • 0.88 Acres
      90 Cumberland Pkwy, Mechanicsburg, PA 17055-5614
      View Details

    Similar Nearby for Sale

    • $1,699,000
      3,790 SF

      Mechanicsburg Commercial Property For Sale

      Mechanicsburg commercial property featuring 3,790 SF building on 7.1 acres.
      1554 Williams Grove Rd, Mechanicsburg, PA 17055
      View Details
    • $1,100,000
      16,450 SF

      Historic Bank Building on Square

      Landmark Mechanicsburg bank and office building for sale.
      2 E Main St, Mechanicsburg, PA 17055
      View Details
    • $1,450,000
      16,450 SF

      Prime Mechanicsburg Executive Offices

      Historic Landmark, 16,450 SF, 47 Parking Spaces
      2 Main St, Mechanicsburg, PA 17055
      View Details
    • Contact for pricing

      Railroad Ave Retail Space, Mechanicsburg PA

      Downtown Mechanicsburg Retail Opportunity
      19 Railroad Ave, Mechanicsburg, PA 17055
      View Details
    • $2,590,000
      2,888 SF

      Historic Mechanicsburg Estate

      39-Acre Estate, 4BR Farmhouse
      1435 Williams Grove Rd, Mechanicsburg, PA 17055
      View Details
    • Contact for pricing
      3.30 Acres

      Mechanicsburg Office Space - 2 Units

      Two-unit office space, ample land. Ideal for business expansion.
      4940 Ritter Rd, Mechanicsburg, PA 17055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      111,028 SF

      Parkway Plaza Retail Center

      Mechanicsburg, PA Strip Mall - 11,180 SF Available
      235 Cumberland Pkwy, Mechanicsburg, PA 17055
      View Details
    • $1,499 /Mo
      17,860 SF

      Mechanicsburg Retail Space For Lease

      Retail space available for lease in Mechanicsburg, Pennsylvania.
      8 W Allen St, Mechanicsburg, PA 17055
      View Details
    • $22 SF/Yr
      10,000 SF

      Railroad Flats: Mechanicsburg Office Space

      10,000 SF Creative Office, Retail & Restaurant
      19 Railroad Ave, Mechanicsburg, PA 17055
      View Details
    • $1,500 /Mo
      17,860 SF

      Mechanicsburg Retail Space For Lease

      Retail space available for lease in Mechanicsburg, Pennsylvania.
      2-8 W Allen St, Mechanicsburg, PA 17055
      View Details
    • $17 SF/Yr
      9,820 SF

      Prime Office Suite in Cumberland County

      1,540 SF Office, Newly Renovated
      2 Kacey Ct, Mechanicsburg, PA 17055
      View Details
    • Contact for pricing
      871,200 SF

      Prime 20-Acre Agricultural Land

      Mechanicsburg, PA farmland with improvements
      1206 Market St, Mechanicsburg, PA 17055
      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.
    2234 Market St
    Mechanicsburg, PA 17055-5549
    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.