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    Property profile & analytics

    829 State St Lemoyne, PA 17043

    • Super regional malls
    • 2.60 lot acres
    For Lease
    View listing
    $26,400
    Last Sale
    Apr 25, 2022
    $4,080,000
    Value Estimations
    $4,505,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1535817
    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 829 State St

    Lot size
    2.60 lot acres
    Property type
    Super regional malls
    APN
    12-21-0267-323
    APU
    12210267323

    Description

    This exceptional 1,232 square foot retail space, located in a bustling Lemoyne plaza within the Camp Hill submarket cluster, presents a unique opportunity for a discerning business. Situated at 829 State St, Lemoyne, PA 17043, this Class A property boasts a "like-new" condition and a thoughtfully designed layout, perfect for a variety of uses. Currently configured as a showroom for a kitchen cabinet designer, the space features attractive LVT flooring and ample storage. The turnkey nature of this property eliminates the need for significant upfront investment, allowing a new tenant to focus on business operations immediately. The inviting storefront offers excellent visibility and accessibility, making it ideal for businesses showcasing high-end products or services. The space is well-suited for retailers of jewelry, fine goods, or other niche businesses requiring a sophisticated and functional showroom. The larger building totals 44,500 square feet and is classified as Retail, Office, and Special Purpose, with a Traditional Office and Creative Office subtype. The property is available for multiple tenants. This is a truly exceptional opportunity in a high-traffic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,505,000
      ML approach
      $4,475,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemoyne
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9019
    Latitude
    40.2425
    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
    $53,218
    $676,000
    $1,974,000
    $2,650,000
    -
    $676,000
    $1,974,000
    $2,650,000

    Comparable in this City

    • Value Estimation
      $1,140,000
      149,067 SF

      1200 Market St

      REGIONAL SHOPPING CENTER, MALL • 149,067 SF
      1200 Market St, Lemoyne, PA 17043-1418
      View Details
    • Value Estimation
      $415,000
      17,012 SF

      1001 Market St

      REGIONAL SHOPPING CENTER, MALL • 17,012 SF
      1001 Market St, Lemoyne, PA 17043-1414
      View Details
    • Value Estimation
      $470,000
      0.76 Acres

      1137 Market St

      WHOLESALE OUTLET, DISCOUNT STORE • 0.76 Acres
      1137 Market St, Lemoyne, PA 17043-1416
      View Details
    • Value Estimation
      $2,965,000
      19,741 SF

      717 Market St

      MINI-MALL • 19,741 SF
      717 Market St, Lemoyne, PA 17043-1581
      View Details
    • Value Estimation
      $340,000
      0.92 Acres

      1 Lemoyne Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.92 Acres
      1 Lemoyne Dr, Lemoyne, PA 17043-1226
      View Details
    • Value Estimation
      $260,000
      4,040 SF

      316 Frnt St

      PARKING LOT • 4,040 SF
      316 Frnt St, Wormleysburg, PA 17043
      View Details

    Similar Nearby for Sale

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      Lemoyne Retail Flex Property

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    • $4,100,000
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      Multi-Tenant Industrial Flex Property

      Well-located industrial flex property with stable tenants and strong cashflow.
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    • $400,000
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      Prime Lot in White Oaks

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    Similar Nearby for Lease

    • $17 SF/Yr
      14,480 SF

      Retail Space in Hetley Plaza

      Retail space for lease in Lemoyne's commercial corridor.
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      View Details
    • Contact for pricing
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      Lemoyne Retail Center Investment

      High-traffic Lemoyne retail space available
      1200 Market St, Lemoyne, PA 17043
      View Details
    • Contact for pricing
      216,484 SF

      1200 Market St

      Community centers • 216,484 SF
      1200 Market St, Lemoyne, PA 17043
      View Details
    • $26,400
      5,232 SF

      State Street Office Space, Lemoyne PA

      Prime Lemoyne office space, 2 suites available.
      829 State St, Lemoyne, PA 17043
      View Details
    • $17 SF/Yr
      3,954 SF

      Retail Space in Lemoyne Plaza

      Vanilla shell retail space available in Lemoyne's commercial corridor.
      1001-1013 Market St, Lemoyne, PA 17043
      View Details
    • $21 SF/Yr
      19,241 SF

      Lemoyne Medical Office Space

      Prime Lemoyne location, two suites available.
      717 Market St, Lemoyne, PA 17043
      View Details
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    829 State St
    Lemoyne, PA 17043
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    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
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