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    Property profile & analytics

    875 Lincoln Way Chambersburg, PA 17202

    • Retail space
    • 7.95 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Last Sale
    May 12, 2022
    $2,840,000
    Value Estimations
    $2,855,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3252272
    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

    • Surplus City / Home Decor Store / Department Store
    • China One / Restaurant
    • Jai Thai Restaurant / Restaurant
    • Brother's Pizza Radio hill / Restaurant
    • Better Days Thrift Store / Discount Store

    Property Details for 875 Lincoln Way

    Lot size
    7.95 lot acres
    Property type
    Retail space
    APN
    11-E13-77A
    APU
    11E1377A

    Description

    This exceptional 2,000 square foot medical office space is situated within the thriving Westside Plaza Shopping Center, a Class A property built in 2001. The center boasts high visibility from a major roadway and benefits from strong anchor tenants, including a popular Surplus City discount hardware store and a Wendy's restaurant, generating significant foot traffic. This contributes to a high-demand location, evidenced by the largely occupied space with only this suite currently available for lease. The entire building encompasses 57,400 square feet, with multiple tenants currently operating successfully. The space is immediately available and offers a minimum divisible space of 2,000 square feet, with a maximum contiguous space of 2,000 square feet. The existing tenant mix includes a diverse range of businesses, such as Holiday Hair, an Italian restaurant, Liberty Tax, a smoke shop, and a billiards establishment, creating a vibrant and bustling atmosphere. This presents a unique opportunity for a medical practice seeking a well-located, high-traffic space within an established and successful shopping center. The property is well-maintained and offers excellent visibility, making it an ideal location for attracting patients and establishing a thriving practice.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,610,000
      ML approach
      $2,880,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Chambersburg
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.6822
    Latitude
    39.9373
    CBSA code
    16540
    CBSA name
    CHAMBERSBURG, PA MICROPOLITAN 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
    $56,193
    $48,750
    $306,450
    $355,200
    -
    $48,750
    $306,450
    $355,200

    Comparable in this City

    • Value Estimation by Request
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      4.47 Acres

      2685 Spg Rd

      RETAIL STORES (PERSONAL SERVICES) • 4.47 Acres
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      25,540 SF

      1235 Lincoln Way

      Neighborhood centers • 25,540 SF
      1235 Lincoln Way, Chambersburg, PA 17202
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      17.80 Acres

      2151 Wayne Rd

      RETAIL STORES (PERSONAL SERVICES) • 17.80 Acres
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    • Value Estimation by Request

      5234 Philadelphia Ave

      RETAIL STORES (PERSONAL SERVICES)
      5234 Philadelphia Ave, Chambersburg, PA 17202-8945
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    • Value Estimation
      $585,000
      1.75 Acres

      2116 Lincoln E Way

      RETAIL STORES (PERSONAL SERVICES) • 1.75 Acres
      2116 Lincoln E Way, Chambersburg, PA 17202-3356
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail space with high visibility and traffic count available for rent.
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      Chambersburg Executive Office Space

      Prime Chambersburg location, 7,125 sq ft available.
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    • Contact for pricing

      Retail Center with Anchor Tenants

      174,047 sqft retail center with excellent access and visibility.
      1300 Lincoln Way E, Chambersburg, PA 17202
      View Details
    • $23 SF/Yr
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      Lincoln Highway Retail Space

      Prime Chambersburg Retail Opportunity
      1363 Lincoln Hwy, Chambersburg, PA 17202
      View Details
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    875 Lincoln Way
    Chambersburg, PA 17202
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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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