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

    6 State Rd Mechanicsburg, PA 17050-7957

    • Super regional malls
    • 39,318 SF
    • 4.63 lot acres
    OFF-MARKET
    Last Sale
    Jul 22, 2024
    $2,300,000
    Value Estimations
    $2,080,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1346516
    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

    • Super regional malls

    Property Details for 6 State Rd

    Lot size
    4.63 lot acres
    Property size
    39,318 SF
    Property type
    Super regional malls
    APN
    38-23-0569-004
    APU
    38230569004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,300,000
      ML approach
      $2,300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,422,000
      Market price range: $239k - $2.66M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,595,000
      Current use
      RESTAURANT
      $3,795,000
      Change: +138% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,700,000
      Change: +132% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,695,000
      Change: +131% Conversion: Difficult
      WAREHOUSE, STORAGE
      $3,025,000
      Change: +90% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicsburg
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.0297
    Latitude
    40.2081
    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
    $43,476
    $656,600
    $2,179,100
    $2,835,700
    -
    $656,600
    $2,179,100
    $2,835,700

    Comparable in this City

    • Value Estimation
      $445,000
      3.99 Acres

      5202 Simpson Fry Rd

      REGIONAL SHOPPING CENTER, MALL • 3.99 Acres
      5202 Simpson Fry Rd, Mechanicsburg, PA 17050-3566
      View Details
    • Value Estimation
      $1,065,000
      61,087 SF

      5103 Carlisle Pike

      REGIONAL SHOPPING CENTER, MALL • 61,087 SF
      5103 Carlisle Pike, Mechanicsburg, PA 17050-2400
      View Details
    • Value Estimation
      $340,000
      1.85 Acres

      825 Hogestown Rd

      REGIONAL SHOPPING CENTER, MALL • 1.85 Acres
      825 Hogestown Rd, Mechanicsburg, PA 17050-2639
      View Details
    • Value Estimation
      $540,000
      8.84 Acres

      5216 Simpson Fry Rd

      REGIONAL SHOPPING CENTER, MALL • 8.84 Acres
      5216 Simpson Fry Rd, Mechanicsburg, PA 17050-3514
      View Details
    • Value Estimation
      $350,000
      5,796 SF

      6500 Carlisle Pike

      REGIONAL SHOPPING CENTER, MALL • 5,796 SF
      6500 Carlisle Pike, Mechanicsburg, PA 17050-5242
      View Details
    • Value Estimation
      $3,965,000
      28,908 SF

      4713 Carlisle Pike

      REGIONAL SHOPPING CENTER, MALL • 28,908 SF
      4713 Carlisle Pike, Mechanicsburg, PA 17050-7714
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,380 SF

      Mechanicsburg Retail Center

      High-traffic shopping center, 28,380 SF
      4713 Carlisle Pike, Mechanicsburg, PA 17050
      View Details
    • $600,000
      1,100 SF

      Mechanicsburg QSR/Restaurant Sale

      Established eatery, high traffic area. Excellent investment.
      5155 Simpson Ferry Rd, Mechanicsburg, PA 17050
      View Details
    • $850,000
      1,100 SF

      Established Corner Retail/Restaurant Opportunity

      Corner retail/restaurant for sale with high traffic volume.
      5155 Simpson Ferry Rd, Mechanicsburg, PA 17050
      View Details
    • Contact for pricing

      Retail Space on Carlisle Pike

      Retail space available with dedicated entrance and shared parking.
      6100 Carlisle Pike, Mechanicsburg, PA 17050
      View Details
    • Contact for pricing
      1,800 SF

      Carlisle Pike Retail/Office Space

      Retail and office suites available on Carlisle Pike in Mechanicsburg.
      4702-4704 Carlisle Pike, Mechanicsburg, PA 17050
      View Details
    • $5,500,000
      3.83 Acres

      Carlisle Pike Development Opportunity

      3.83 Acres, High-Traffic Location
      6230 Carlisle Pike, Mechanicsburg, PA 17050
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,707 SF

      Retail Space in Windsor Park

      Retail space available in established Mechanicsburg shopping center.
      5280-5284 Simpson Ferry Rd, Mechanicsburg, PA 17050
      View Details
    • Contact for pricing
      276,733 SF

      Hampden Commons Retail Space

      Mechanicsburg, PA: Prime Retail Outparcel
      5950 Carlisle Pike, Mechanicsburg, PA 17050
      View Details
    • Contact for pricing
      243,000 SF

      Hampden Centre Retail Spaces Available

      Mechanicsburg retail center; two spaces available.
      4900 Carlisle Pike, Mechanicsburg, PA 17050
      View Details
    • Contact for pricing
      569,000 SF

      Silver Spring Square Retail Space

      Mechanicsburg, PA shopping center space available
      6416 Carlisle Pike Rte 11, Mechanicsburg, PA 17050
      View Details
    • Contact for pricing
      4,518 SF

      Prime Retail Space on Carlisle Pike

      High-traffic retail space in Silver Spring Square.
      6416 Carlisle Pike, Mechanicsburg, PA 17050
      View Details
    • Contact for pricing
      11,707 SF

      Mechanicsburg Retail Space Available

      Retail spaces for lease in high-visibility Mechanicsburg shopping center.
      5202-5260 Simpson Ferry Rd, Mechanicsburg, PA 17050
      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.
    6 State Rd
    Mechanicsburg, PA 17050-7957
    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.