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

    429 Enola Rd Enola, PA 17025

    • Community centers
    • 122,068 SF
    • 9.39 lot acres
    For Lease
    View listing
    Last Sale
    Feb 07, 2025
    $15,150,000
    Value Estimations
    $15,730,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1676223
    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

    • PennDOT Driver's License Center / Driver'S License Office
    • Summerdale Plaza / Shopping Mall
    • T-Mobile Authorized Retailer / Telecommunications Service Provider / Cell Phone Store

    Property Details for 429 Enola Rd

    Lot size
    9.39 lot acres
    Property size
    122,068 SF
    Property type
    Community centers
    APN
    09-13-1003-046
    APU
    9131003046

    Description

    Summerdale Plaza, located at 429 N Enola Rd in Enola, Pennsylvania (zip code 17025), offers exceptional medical and retail office space for lease. This multi-tenant property boasts a total of 141,451 square feet, with a significant amount of immediately available space totaling 27,716 square feet. The building is situated in Cumberland County and provides flexible leasing options, accommodating businesses needing anywhere from 5,000 to 22,716 contiguous square feet. The property's diverse layout caters to a variety of medical and retail tenants, offering opportunities for both large and small businesses to establish a presence in this thriving Enola community. The address is easily accessible, providing convenient access for patients and clients. Three spaces are currently available, ranging in size to meet diverse business needs. This prime location presents a unique opportunity for businesses seeking high-visibility space in a well-established commercial center. Interested parties should inquire about available space and lease terms. The property's convenient location and ample square footage make it an ideal choice for businesses seeking to expand or establish a new presence in the Enola market. The building's design and layout are well-suited for a variety of medical and retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $19,050,000
      ML approach
      $9,925,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $20,985,000
      6.5%
      $19,370,000
      7%
      $17,985,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $20,700,000
      OFFICE BUILDING
      $14,135,000
      AUTO REPAIR, GARAGE
      $13,440,000
      RESTAURANT
      $13,180,000
      MEDICAL BUILDING
      $13,110,000
      APARTMENT HOUSE (5+ UNITS)
      $11,040,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Enola
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.929
    Latitude
    40.3001
    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
    $128,407
    $2,347,500
    $4,247,100
    $6,594,600
    -
    $2,347,500
    $4,247,100
    $6,594,600

    Comparable in this City

    • Value Estimation
      $17,850,000
      5.65 Acres

      463 Enola Rd

      REGIONAL SHOPPING CENTER, MALL • 5.65 Acres
      463 Enola Rd, Enola, PA 17025-2128
      View Details
    • Value Estimation
      $720,000
      13.57 Acres

      308 Penn Dr

      REGIONAL SHOPPING CENTER, MALL • 13.57 Acres
      308 Penn Dr, Enola, PA 17025
      View Details
    • Value Estimation by Request
      0.05 Acres

      27 Enola Dr

      PARKING LOT • 0.05 Acres
      27 Enola Dr, Enola, PA 17025-2708
      View Details
    • Value Estimation by Request
      0.19 Acres

      600 Enola Rd

      PARKING LOT • 0.19 Acres
      600 Enola Rd, Enola, PA 17025-3013
      View Details
    • Value Estimation by Request
      1.66 Acres

      4300 Marketplace Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.66 Acres
      4300 Marketplace Way, Enola, PA 17025-2461
      View Details
    • Value Estimation by Request
      0.19 Acres

      333 State St

      VEHICLE SALES, RENTALS • 0.19 Acres
      333 State St, Enola, PA 17025-3118
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Pad Site Available

      Pad site available in high-volume, anchored shopping center.
      Vly Rd & Wertzville Rd, Enola, PA 17025
      View Details
    • Contact for pricing
      3,250 SF

      Restaurant Space in West Fairview

      3,250 SF restaurant space appealing to West and East Shore.
      West Fairview, PA 17025
      View Details
    • $2,195,000
      42,360 SF

      Enola Office Buildings For Sale

      Two office buildings totaling 42,360 SF near major routes.
      123 N Enola Dr, Enola, PA 17025
      View Details
    • $2,295,000
      42,360 SF

      Two Office Buildings For Sale

      Two office buildings totaling 42,360 SF on the same parcel.
      123-125 N Enola Dr, Enola, PA 17025
      View Details
    • $1,290,000
      17.51 Acres

      17.51 Acres Enola Development Land

      Prime Enola land, diverse zoning, ideal location.
      6873 Wertzville Rd, Enola, PA 17025
      View Details
    • Contact for pricing
      20 SF

      Prime Commercial Land Parcels Available

      Land parcels available on Harrisburg Capital Beltway along Interstate 81.
      West At Summerdale, Enola, PA 17025
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,355 SF

      Retail Spaces in Community Center

      Retail spaces available in well-established Enola community center.
      308 E Penn Dr, Enola, PA 17025
      View Details
    • New
      $2,200 /Mo
      15,246 SF

      Enola, PA Commercial Kitchen Space

      Commercial kitchen space available for lease in Enola, Pennsylvania.
      1100 2Nd St, Enola, PA 17025
      View Details
    • Contact for pricing
      68,395 SF

      Valley Road Retail Pad Site

      High-traffic location, lease opportunity.
      0 Undefined Pa, Enola, PA 17025
      View Details
    • Contact for pricing
      3,250 SF

      Enola Restaurant and Pub Space

      3,250 SF pub and restaurant space for lease.
      104 Market St, Enola, PA 17025
      View Details
    • Contact for pricing
      39,135 SF

      Enola Retail Space Available

      Prime Enola retail space, 1,600-3,710 SF.
      730 Wertzville Rd, Enola, PA 17025
      View Details
    • Contact for pricing
      5,000 SF

      Enola Retail Space: New Development

      5,000 sq ft retail space in thriving Enola, PA.
      4545 Marketplace Way, Enola, PA 17025
      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.
    429 Enola Rd
    Enola, PA 17025
    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.