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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    748 State St Lemoyne, PA 17043-1536

    • Investment properties
    • 1,986 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Oct 03, 2023
    $186,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1910481
    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

    • Investment properties

    Property Details for 748 State St

    Year built
    1923
    Lot size
    0.09 lot acres
    Property size
    1,986 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    12-21-0267-365
    APU
    12210267365

    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
    Lemoyne
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9001
    Latitude
    40.2428
    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
    $3,611
    $28,600
    $151,200
    $179,800
    -
    $28,600
    $151,200
    $179,800

    Comparable in this City

    • Value Estimation
      $600,000
      3,531 SF

      325 Hummel Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,531 SF
      325 Hummel Ave, Lemoyne, PA 17043-1980
      View Details
    • Value Estimation
      $720,000
      0.32 Acres

      322 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.32 Acres
      322 Frnt St, Wormleysburg, PA 17043-1340
      View Details
    • Value Estimation by Request
      2,960 SF

      329 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,960 SF
      329 Frnt St, Wormleysburg, PA 17043-1306
      View Details
    • Value Estimation by Request
      0.20 Acres

      200 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.20 Acres
      200 Frnt St, Lemoyne, PA 17043-1335
      View Details
    • Value Estimation by Request
      2,346 SF

      344 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,346 SF
      344 Frnt St, Wormleysburg, PA 17043-1112
      View Details
    • Value Estimation by Request
      0.13 Acres

      300 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.13 Acres
      300 Frnt St, Wormleysburg, PA 17043-1352
      View Details

    Similar Nearby for Sale

    • $1,570,000
      10,300 SF

      Lemoyne Mixed-Use Investment Property

      High-yield 13-unit building, prime location.
      304 Market St, Lemoyne, PA 17043
      View Details
    • New
      $429,900
      5,000 SF

      Mixed-Use Property in Lemoyne, PA

      Mixed-use property with commercial space and two apartments in Lemoyne.
      300-302 Market St, Lemoyne, PA 17043
      View Details
    • $675,000
      7,500 SF

      Lemoyne Industrial/Flex Property For Sale

      7,500 SF industrial/flex property on 0.24 acre in Lemoyne.
      670 Willow Ave, Lemoyne, PA 17043
      View Details
    • $4,100,000
      36,268 SF

      Multi-Tenant Industrial Flex Property

      Well-located industrial flex property with stable tenants and strong cashflow.
      1031-1051 Columbus Ave, Lemoyne, PA 17043
      View Details
    • $400,000
      0.89 Acres

      Prime Lot in White Oaks

      Rare 0.89-acre lot for custom home in prestigious neighborhood.
      4 Westwind Dr, Lemoyne, PA 17043
      View Details
    • $595,000
      4,500 SF

      Lemoyne Retail Flex Property

      NNN leased commercial flex property for sale in Lemoyne, PA.
      1002 Market St, Lemoyne, PA 17043
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      45,350 SF

      Jefferson Center Office Space

      Class A Office Suites in Lemoyne, PA
      20 Erford Rd, Lemoyne, PA 17043
      View Details
    • Contact for pricing
      218,859 SF

      Lemoyne Retail Center Investment

      High-traffic Lemoyne retail space available
      1200 Market St, Lemoyne, PA 17043
      View Details
    • Contact for pricing
      68,795 SF

      Lemoyne, PA Class A Office Space

      Modern Medical/Office Suites Available
      3 Walnut St, Lemoyne, PA 17043
      View Details
    • $17 SF/Yr
      2,700 SF

      Camp Hill Corporate Center Office

      Office suites available in Camp Hill Corporate Center.
      1035-1043 Mumma Rd, Lemoyne, PA 17043
      View Details
    • $19 SF/Yr
      19,241 SF

      Lemoyne Retail/Office/Medical Suites Available

      Two suites available in Lemoyne, ideal for office, retail, or medical.
      717 Market St, Lemoyne, PA 17043
      View Details
    • $18 SF/Yr
      14,827 SF

      Updated Office Suite in Lemoyne

      Updated office suite with private offices and excellent window lines.
      600 N 12Th St, Lemoyne, PA 17043
      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.
    748 State St
    Lemoyne, PA 17043-1536
    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.