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    Property profile & analytics

    243 15th St Camp Hill, PA 17011

    • Retail space
    • 4,000 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Jan 17, 2023
    $660,000
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    6.9%
    Retail space
    Location Intelligence
    Property ID
    US73-2604869
    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

    • Retail space

    Property Details for 243 15th St

    Lot size
    0.33 lot acres
    Property size
    4,000 SF
    Property type
    Retail space
    APN
    01-22-0826-093
    APU
    1220826093

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $560,000
      ML approach
      $590,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $640,000
      6.5%
      $590,000
      7%
      $550,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $370,000
      Current use
      OFFICE BUILDING
      $615,000
      Change: +66% Conversion: Easy
      COMMERCIAL (GENERAL)
      $615,000
      Change: +66% Conversion: Easy
      AUTO REPAIR, GARAGE
      $465,000
      Change: +25% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Camp Hill
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9074
    Latitude
    40.2386
    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
    $8,212
    $132,000
    $200,200
    $332,200
    -
    $132,000
    $200,200
    $332,200

    Comparable in this City

    • Value Estimation
      $315,000
      6,320 SF

      2139 Market St

      RETAIL STORES (PERSONAL SERVICES) • 6,320 SF
      2139 Market St, Camp Hill, PA 17011-4707
      View Details
    • Value Estimation by Request

      91 Erford Rd

      RETAIL STORES (PERSONAL SERVICES)
      91 Erford Rd, Camp Hill, PA 17011-2309
      View Details
    • Value Estimation
      $630,000
      3,621 SF

      3804 Gettysburg Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,621 SF
      3804 Gettysburg Rd, Camp Hill, PA 17011-6808
      View Details
    • Value Estimation
      $320,000
      2,604 SF

      5 High St

      RETAIL STORES (PERSONAL SERVICES) • 2,604 SF
      5 High St, Shiremanstown, PA 17011-6306
      View Details
    • Value Estimation
      $340,000
      19,800 SF

      3435 Simpson Fry Rd

      RETAIL STORES (PERSONAL SERVICES) • 19,800 SF
      3435 Simpson Fry Rd, Camp Hill, PA 17011-6404
      View Details
    • Value Estimation
      $6,125,000
      20,000 SF

      25 32nd St

      RETAIL STORES (PERSONAL SERVICES) • 20,000 SF
      25 32nd St, Camp Hill, PA 17011-2901
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,500 SF

      Camp Hill Retail Suite For Sale

      1,500 SF build-to-suit commercial suite in Camp Hill, PA.
      1400 Market St, Camp Hill, PA 17011
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    • $995,000
      3,800 SF

      Camp Hill Restaurant/Retail Building

      Prime restaurant/retail building for sale or lease in Camp Hill.
      3608 Market St, Camp Hill, PA 17011
      View Details
    • Contact for pricing

      Stand-Alone Retail Building in Camp Hill

      Retail/commercial building in Camp Hill, PA, near mixed-use development.
      29 Hunter Ln, Camp Hill, PA 17011
      View Details
    • $2,306,000
      3.50 Acres

      New Panera Bread NNN Lease

      New NNN leased Panera Bread in Camp Hill, PA.
      701 Poplar Church Panera Rd, Camp Hill, PA 17011
      View Details
    • $225,000
      1,400 SF

      Camp Hill Pizza Business Sale

      Established Pizzeria, Prime Location, High Demand
      32 Erford Rd, Camp Hill, PA 17011
      View Details
    • $250,000

      Turnkey Restaurant Business Opportunity

      Profitable Indian restaurant for sale in Camp Hill, Pennsylvania.
      Camp Hill, PA 17011
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      4,000 SF

      Camp Hill Retail Space Available

      Retail space available for lease in Camp Hill, Pennsylvania.
      225 S 19Th St, Camp Hill, PA 17011
      View Details
    • $15 SF/Yr
      3,750 SF

      Retail Space in Camp Hill

      Retail space available for lease in Camp Hill, PA.
      2202 Gettysburg Rd, Camp Hill, PA 17011
      View Details
    • $5,198 /Mo
      1,400 SF

      Retail Space in Camp Hill

      Retail space in a well-traveled Camp Hill shopping center.
      1104 Carlisle Rd, Camp Hill, PA 17011
      View Details
    • $15 SF/Yr
      3,500 SF

      Camp Hill Retail Space Available

      Retail suite in Camp Hill with high foot traffic.
      3730-3730 Market St, Camp Hill, PA 17011
      View Details
    • $16 SF/Yr
      2,575 SF

      Camp Hill Commercial Space Available

      Office, retail, and medical spaces for lease in Camp Hill.
      405 Saint Johns Church Rd, Camp Hill, PA 17011
      View Details
    • Contact for pricing
      118,514 SF

      South Hampden Retail Center Opportunity

      High-traffic retail space available in Camp Hill, PA
      3433 Simpson Ferry Rd, Camp Hill, PA 17011
      View Details
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    243 15th St
    Camp Hill, PA 17011
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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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