Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    515 Main St Mechanicsburg, PA 17055-3244
    Back to Search
    Property profile & analytics

    515 Main St, Mechanicsburg, PA 17055-3244

    View on Map
    • Investment properties
    • 2,188 SF
    • 0.25 lot acres
    Off-Market
    Property ID
    US73-1406089
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 515 Main St

    Year built
    1900
    Lot size
    0.25 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    20-23-0567-007
    APU
    20230567007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 5, 2025 — Keith A Shively — Deed · related $132k · New Cumberland FCU
    Aug 26, 2024 — Keith A Shively — Deed · related $100k · New Cumberland FCU
    May 17, 2022 — Keith A Shively — Deed · related $40k · New Cumberland FCU
    Oct 26, 2021 — Keith A Shively — Deed · related $196k · Wells Fargo Bank NA
    Oct 1, 2019 $210,000 Keith A Shively Kevin J Roth Warranty Deed $200k · Residential Mortgage Ser INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicsburg
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.0185
    Latitude
    40.2099
    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
    $4,174
    $38,000
    $145,700
    $183,700
    -
    $38,000
    $145,700
    $183,700

    Comparable in this City

    • Value Estimation by Request
      1,784 SF

      2530 Brad St

      OFFICE/RESIDENTIAL (MIXED USE)
      2530 Brad St, Bowmansdale, PA 17055-6091
      View Details
    • Value Estimation by Request
      1,258 SF

      23 Locust St

      OFFICE/RESIDENTIAL (MIXED USE)
      23 Locust St, Mechanicsburg, PA 17055-3839
      View Details
    • Value Estimation by Request
      1,324 SF

      1286 Brandt Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      1286 Brandt Rd, Mechanicsburg, PA 17055-9720
      View Details
    • Value Estimation by Request
      2,741 SF

      893 Hawthorne Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      893 Hawthorne Ave, Mechanicsburg, PA 17055-5732
      View Details
    • Value Estimation by Request
      2,417 SF

      1125 Lisburn Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      1125 Lisburn Rd, Mechanicsburg, PA 17055-5932
      View Details
    • Value Estimation by Request
      3,803 SF

      21 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      21 Main St, Mechanicsburg, PA 17055
      View Details

    Similar Nearby for Sale

    • New
      $294,900
      0.14 Acres

      Mixed-Use Retail and Residential Building

      Three-story, tenant-occupied property with first-floor technology retail and residential apartments plus rear alley access parking.
      107 E Main St, Mechanicsburg, PA 17055
      View Details
    • Contact for pricing
      6.46 Acres

      Mechanicsburg Office Building, 6.46 Acres

      Prime Mechanicsburg office space, ample land.
      5020 Richard Ln, Mechanicsburg, PA 17055
      View Details
    • $1,695,000

      Three-Story Office Building For Sale

      Three-story office building with elevator, basement, and penthouse suite.
      600 Wilson Ln, Mechanicsburg, PA 17055
      View Details
    • $399,900
      6.01 Acres

      Expansive Homesite in Mowery Orchards

      Rare 6-acre homesite with preserved open space and walking trail.
      281 N Lewisberry Rd, Mechanicsburg, PA 17055
      View Details
    • $172,500
      0.41 Acres

      Land in Private Mechanicsburg Community

      Residential land in Mechanicsburg, PA, with mountain views and trails.
      Pennington Dr, Mechanicsburg, PA 17055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      49,311 SF

      Mechanicsburg Flex Space Available

      Class A flex space, 4,126 sq ft, Upper Allen Twp.
      381 Independence Ave, Mechanicsburg, PA 17055
      View Details
    • $9 SF/Yr

      Mechanicsburg Office/Flex Suites Available

      Adaptable office and flex suites in well-maintained Mechanicsburg business park.
      5095 Ritter Rd, Mechanicsburg, PA 17055
      View Details
    • Contact for pricing

      Mechanicsburg Build-to-Suit Land For Rent

      Land suitable for flex building with permitted uses.
      5041 Richard Ln, Mechanicsburg, PA 17055
      View Details
    • $9 SF/Yr

      Mechanicsburg Industrial Space For Lease

      Class A industrial building in Rossmoyne Business Center.
      5065-73 Ritter Rd, Mechanicsburg, PA 17055
      View Details
    • Contact for pricing
      2,500 SF

      Mechanicsburg Medical Office Space

      Turnkey medical office space in a prime Mechanicsburg location.
      200 Cumberland Pkwy, 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.
    515 Main St
    Mechanicsburg, PA 17055-3244
    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

    Thank You for Inquiry
    515 Main St, Mechanicsburg, PA, 17055
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!