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

    3 Garland Dr Carlisle, PA 17013-4453

    • Turn key restaurants
    • 2.26 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2102112
    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

    • Cracker Barrel Old Country Store / American Restaurant / Breakfast Restaurant

    Property Details for 3 Garland Dr

    Lot size
    2.26 lot acres
    Property type
    Turn key restaurants
    APN
    03-23-0598-002
    APU
    3230598002

    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
    Carlisle
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.1904
    Latitude
    40.1869
    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
    $25,363
    $626,000
    $482,900
    $1,108,900
    -
    $626,000
    $482,900
    $1,108,900

    Comparable in this City

    • Value Estimation
      $570,000
      3,723 SF

      1111 Spg Rd

      RESTAURANT • 3,723 SF
      1111 Spg Rd, Carlisle, PA 17013-1587
      View Details
    • Value Estimation by Request
      2,585 SF

      330 Hanover St

      RESTAURANT • 2,585 SF
      330 Hanover St, Carlisle, PA 17013-3915
      View Details
    • Value Estimation by Request
      3,031 SF

      853 Hanover St

      RESTAURANT • 3,031 SF
      853 Hanover St, Carlisle, PA 17013-1539
      View Details
    • Value Estimation by Request
      0.18 Acres

      530 High St

      RESTAURANT • 0.18 Acres
      530 High St, Carlisle, PA 17013-2811
      View Details
    • Value Estimation by Request
      10,195 SF

      60 Pne St

      RESTAURANT • 10,195 SF
      60 Pne St, Carlisle, PA 17013-3136
      View Details
    • Value Estimation by Request
      2,200 SF

      1007 Ritner Hwy

      RESTAURANT • 2,200 SF
      1007 Ritner Hwy, Carlisle, PA 17013-1749
      View Details

    Similar Nearby for Sale

    • $850,000
      5,070 SF

      Historic Carlisle Mixed-Use Building

      Prime downtown location, 5,070 sq ft, vacant.
      26 High St, Carlisle, PA 17013
      View Details
    • $995,000
      6,381 SF

      Turnkey Distillery, Bar & Restaurant

      Fully renovated distillery, bar, and restaurant in downtown Carlisle.
      137 N Hanover St, Carlisle, PA 17013
      View Details
    • $935,000

      Prime Commercial Land Opportunity

      1.85 acres with office/garage, ideal for retail or warehousing.
      1832 W Trindle Rd, Carlisle, PA 17013
      View Details
    • $3,500,000
      12 SF

      Commercial Land on Route 11

      12.79 acres of commercial land on heavily traveled Route 11.
      Carlisle, PA 17013
      View Details
    • $1,575,000
      4,402 SF

      Operating Car Wash with Apartments

      Car wash with self-serve bays and apartment building.
      400 S Hanover St, Carlisle, PA 17013
      View Details
    • Contact for pricing
      30,927 SF

      Carlisle Plaza Retail Center

      Prime Carlisle location, high-traffic retail opportunity
      800 High St, Carlisle, PA 17013
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,240 SF

      Prime Carlisle Retail Space

      High-traffic location, 2,240 sq ft.
      1958 Spring Rd, Carlisle, PA 17013
      View Details
    • Contact for pricing
      3,669 SF

      Carlisle Retail Pad Site - Prime Location

      3,669 SF Bank Building, Drive-Thru, High Traffic
      20 Noble Blvd, Carlisle, PA 17013
      View Details
    • $18 SF/Yr
      1,198 SF

      Retail Space in Carlisle Crossing

      Retail space available in a Target and Kohl’s anchored center.
      202 Westminster Dr, Carlisle, PA 17013
      View Details
    • Contact for pricing

      Prime Retail/Commercial Leasing Opportunity

      Exceptional space for retail or commercial tenants in Carlisle, PA.
      34 South Hanover St, Carlisle, PA 17013
      View Details
    • Contact for pricing
      9,738 SF

      Carlisle Commons Retail Space

      Prime Carlisle retail, highway access.
      100 Noble Blvd, Carlisle, PA 17013
      View Details
    • Contact for pricing
      6,492 SF

      Retail Space in Carlisle Plaza

      Retail space available in a neighborhood shopping center.
      1706 Spring Rd, Carlisle, PA 17013
      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.
    3 Garland Dr
    Carlisle, PA 17013-4453
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.