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    Lancaster Mixed-Use Commercial Space Title is generated by Realmo AI

    117 S WEST END Avenue, Lancaster, PA 17603

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    Claim this Listing
    For Lease
    $25,800

    CommercialLease - LANCASTER, PA

    Type:Office
    Lot size:
    2.97 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    67
    Last Refresh:
    Jun 1 at 12:06 pm

    Property Features for 117 S WEST END Avenue

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    81
    Parking features
    On Street, Parking Lot
    Standard status
    Active
    Lot size
    2.97 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1928
    Number of units
    36
    Building materials
    Brick, Masonry

    We can help!

    Listing Contact
    Kevin Sanchez

    Listing agent Kevin Sanchez

    Listing office Cavalry Realty LLC 1580 Robinhood Drive, Etters, PA

    Listing date Mar 27, 2026

    MLS# PALA2084610

    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.

    HighLights

    • Expansive loft‑style commercial space with exposed beams, soaring ceilings, and abundant natural light.
    • Highly flexible open floor plan suitable for diverse uses.
    • Prime location in the heart of Lancaster with convenient access to downtown amenities.
    • Features private rooms, restroom, utility room, and welcoming foyer entry.
    • Gorgeous hardwood floors complement the building's industrial character.
    • Historic Slaymaker Building, built in 1928, blending character with modern functionality.

    Overview

    This mixed-use commercial space is located in the heart of Lancaster at the Slaymaker Building. This expansive loft-style suite features exposed beams, soaring ceilings, and large windows that provide natural light. The open floor plan offers flexibility for a variety of uses, including creative offices, studio space, showroom, wellness services, or collaborative workspaces. Hardwood floors complement the building's industrial character while maintaining a professional atmosphere. The layout includes a large open office area with private rooms suitable for an office or meeting space, a restroom, a utility room, and a welcoming foyer entry. The main area provides ample room for workstations, creative production, or client-facing operations. Located in a vibrant area with convenient access to downtown amenities, this commercial space blends historic character with modern functionality. The property is located in Lancaster, PA 17603, and the lot size is 2.97 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Slaymaker Lock Factory Industrial Manufacturer POSH Bridal Lancaster Clothing & Fashion Store Williams Forrest (Bike/Boat/Book/etc) Store Statco-DSI Process Systems Engineering Consultant Pa Guardianship Association Association / Organization

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.3237969
    Latitude
    40.0367146

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    FAQs

    What type of property is this?
    Mixed-use property - Stunning loft-style suite with exposed beams and natural light.
    Where is this mixed-use property located?
    The property is located at 117 S WEST END Avenue Lancaster, PA.
    What is the lease rate?
    The lease rate is $25,800.
    What are key features of this property?
    This property features: Expansive loft‑style commercial space with exposed beams, soaring ceilings, and abundant natural light.; Highly flexible open floor plan suitable for diverse uses.; Prime location in the heart of Lancaster with convenient access to downtown amenities.
    (717) 606-5599
    We can help!
    Listing Contact
    Kevin Sanchez
    Request Owner's contact information
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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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