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    1140 MATHIAS Road Littlestown, PA 17340

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    For Lease
    $2,000 /Mo

    CommercialLease - LITTLESTOWN, PA

    Type:Office
    Property size:
    900 SF
    Lot size:
    1.22 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 24 at 6:06 am

    Property Features for 1140 MATHIAS Road

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    4
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    900 SF
    Lot size
    1.22 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2000
    Number of units
    1
    Building materials
    Stick Built

    We can help!

    Listing Contact
    Loree W Foster
    Loree W Foster

    Listing agent Loree W Foster License #AB067943

    Listing office Berkshire Hathaway HomeServices Homesale Realty 880 Carlisle Street, Lancaster, PA

    Listing date Apr 22, 2026

    MLS# PAAD2023032

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Charming Commercial Space Near PA/MD

    This 900 sq. ft. commercial space is located in a countryside setting near the PA/Maryland border. The space features vaulted ceilings and skylights, creating an open and airy atmosphere. It is suitable for home-based business transitions, wellness professionals, boutique service providers, and small agricultural-adjacent businesses. The unit includes a private restroom and offers build-to-suit flexibility by the owner, allowing for customization. A private off-street parking lot accommodates approximately 4-5 vehicles. This space may be suitable for retail, pet grooming, health and wellness services, professional offices, massage or studio space, and specialty food-related uses. There is also possible farmland available for rent for gardening or crop use, suitable for businesses seeking an agricultural or homestead-style component. The property is situated on a 1.22-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kitchen Tradition, LLC Hardware & Home Improvement

    Suggested Use

    Auto Repair Shop Kitchen & Bath Showroom Food Market Storage Facility Grocery & Convenience Store Garden Center Clothing & Fashion Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Littlestown
    County
    Adams
    State
    Pennsylvania
    Longitude
    -77.0559259
    Latitude
    39.7310331

    Nearby Similar for Lease

    • Contact for pricing

      Corner Parcel in Littlestown, PA

      1.82 acre corner parcel available for ground lease.
      530 N. Queen Street, Littlestown, PA 17340
      View Details
    • Contact for pricing

      Retail Building in Littlestown Corridor

      Freestanding 1,500 SF retail building in main retail corridor.
      425 N Queen St, Littlestown, PA 17340
      View Details
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      Corner Parcel in Littlestown, PA

      1.82 acre parcel available for ground lease.
      530 N Queen St, Littlestown, PA
      View Details

    FAQs

    What type of property is this?
    Office units - 900 sq ft commercial space near PA/MD border.
    Where is this office units located?
    The property is located at 1140 MATHIAS Road Littlestown, PA.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Prime countryside location near the PA/MD border.; 900 sq. ft. commercial space with vaulted ceilings and skylights.; Build‑to‑suit flexibility offered by the owner.
    (717) 253-2987
    We can help!
    Listing Contact
    Loree W Foster
    Loree W Foster
    Real Estate License ID: AB067943
    Learn More
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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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