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

    Gettysburg Pike Mechanicsburg, PA 17055

    • Medical offices
    • 3.78 lot acres
    OFF-MARKET
    Last Sale
    May 15, 2020
    Value Estimations
    $400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3056185
    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

    • Medical offices

    Property Details for Gettysburg Pike

    Lot size
    3.78 lot acres
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    42-28-2419-138
    APU
    42282419138

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicsburg
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9902
    Latitude
    40.1811
    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
    $34,984
    $457,400
    $1,197,300
    $1,654,700
    -
    $457,400
    $1,197,300
    $1,654,700

    Comparable in this City

    • Value Estimation
      $490,000
      16,865 SF

      120 Filbert St

      MEDICAL BUILDING • 16,865 SF
      120 Filbert St, Mechanicsburg, PA 17055-6593
      View Details
    • Value Estimation by Request

      1001 Market St Ste A

      MEDICAL BUILDING
      1001 Market St Ste A, Mechanicsburg, PA 17055-4748
      View Details
    • Value Estimation
      $340,000
      1.13 Acres

      161 Old Schoolhouse Ln

      MEDICAL BUILDING • 1.13 Acres
      161 Old Schoolhouse Ln, Mechanicsburg, PA 17055-5684
      View Details
    • Value Estimation
      $340,000
      1.95 Acres

      200 Cumberland Pkwy

      MEDICAL BUILDING • 1.95 Acres
      200 Cumberland Pkwy, Mechanicsburg, PA 17055-5663
      View Details
    • Value Estimation
      $490,000
      6,266 SF

      880 Century Dr

      MEDICAL BUILDING • 6,266 SF
      880 Century Dr, Mechanicsburg, PA 17055-4375
      View Details
    • Value Estimation
      $360,000
      2,871 SF

      6 Market Plz Way

      MEDICAL BUILDING • 2,871 SF
      6 Market Plz Way, Mechanicsburg, PA 17055-5659
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,800 SF

      Mechanicsburg Medical Office Investment Asset

      Single tenant medical office building leased by UPMC for sale.
      950 Woodland St, Mechanicsburg, PA 17055
      View Details
    • Contact for pricing
      3.30 Acres

      Mechanicsburg Office Space - 2 Units

      Two-unit office space, ample land. Ideal for business expansion.
      4940 Ritter Rd, Mechanicsburg, PA 17055
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    • $1,450,000
      16,450 SF

      Prime Mechanicsburg Executive Offices

      Historic Landmark, 16,450 SF, 47 Parking Spaces
      2 Main St, Mechanicsburg, PA 17055
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    • Contact for pricing
      7.15 Acres

      Rossmoyne Business Center Office Suites

      Prime Office Space, 7.15 Acres
      5010 Ritter Rd, Mechanicsburg, PA 17055
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    • Contact for pricing
      5.13 Acres

      Executive Office Suite in Mechanicsburg

      Furnished Office, All-Inclusive Rent, PA
      5000 Ritter Rd, Mechanicsburg, PA 17055
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    • Contact for pricing
      59,477 SF

      Rossmoyne Office Space - 59,477 SF

      Prime Mechanicsburg office space, ideal for large businesses.
      5000 Ritter Rd, Mechanicsburg, PA 17055
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      30,800 SF

      Mechanicsburg Office Space - 30,800 SF

      Multi-tenant office building, 135 parking spaces.
      5020 Ritter Rd, Mechanicsburg, PA 17055
      View Details
    • Contact for pricing
      7,500 SF

      Mechanicsburg Office Building

      7,500 SF Office/Flex Space, 1.5 Acres
      4 Kacey Ct, Mechanicsburg, PA 17055
      View Details
    • $24 SF/Yr
      2,500 SF

      Mechanicsburg Medical Office Space

      Turnkey medical office space in a prime Mechanicsburg location.
      200 Cumberland Pkwy, Mechanicsburg, PA 17055
      View Details
    • $17 SF/Yr
      9,820 SF

      Prime Office Suite in Cumberland County

      1,540 SF Office, Newly Renovated
      2 Kacey Ct, Mechanicsburg, PA 17055
      View Details
    • $16 SF/Yr
      8,700 SF

      Mechanicsburg Office Space for Lease

      Premium Office, 1,152 SF Available
      5 Kacey Ct, Mechanicsburg, PA 17055
      View Details
    • $18 SF/Yr
      48,000 SF

      Westport Business Center: Mechanicsburg, PA

      Class A Office Space, 7,088 SF Available
      4550 Lena Dr, Mechanicsburg, PA 17055
      View Details
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    Gettysburg Pike
    Mechanicsburg, PA 17055
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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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