Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    118 W Airport Rd Lititz, PA 17543

    View on Map
    Sponsored
    For Lease
    $35,000

    CommercialLease - LITITZ, PA

    Type:Office
    Lot size:
    2.50 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 5 at 11:06 pm

    Property Features for 118 W Airport Rd

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    28
    Parking features
    Special Needs, Parking Lot
    Lot size
    2.50 Acres

    Utilities

    Heating system
    Forced Air, Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1989
    Building materials
    Masonry, Brick

    We can help!

    Listing Contact
    Toni Thomas

    Mountain Realty ERA Powered (717) 572-7423

    Listing agent Toni Thomas (717) 390-8701 License #RS373192

    Listing date Mar 3, 2026

    MLS# PALA2083916

    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.

    Learn more

    Property Insight Report

    Overview

    Stand-Alone Office Building For Lease

    This stand-alone office building is located for a combination of Lancaster and Lititz accessibility. It features a private ground floor entrance, abundant natural light, large perimeter offices with windows, a bullpen area, and on-site parking for employees and clients. The owner is willing to work with prospective tenants on improvements and changes. The property is situated on a 2.5-acre lot. The building is also available as a 5,000 square foot full floor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lititz
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.30858342
    Latitude
    40.11695986

    Nearby Similar for Lease

    • New
      $70,000
      108,900 SF

      Stand-Alone Office Building For Lease

      Stand-alone office building with accessibility to Lancaster and Lititz.
      118 W Airport Rd, Lititz, PA 17543
      View Details
    • $180,024
      65,340 SF

      Medical Office Space Available

      7,501 SF medical office space for lease in Lititz, PA.
      640 E Oregon Rd, Lititz, PA 17543
      View Details
    • $7,146 /Mo
      23,087 SF

      Office Space in Lititz

      Office space for lease in a charming business center.
      1398 E Oregon Rd, Lititz, PA 17543
      View Details
    • Contact for pricing
      2,267,298 SF

      Tapestrie: Flexible Commercial Development Opportunity

      50-acre development site suitable for medical, office, and light industrial.
      495 E Oregon Rd, Lititz, PA 17543
      View Details
    • Contact for pricing
      2,267,298 SF

      50-Acre Development in Lititz, PA

      50-acre development for medical, educational, office, and flex/light industrial tenants.
      495 E Oregon Rd, Lititz, PA 17543
      View Details
    • Contact for pricing
      2,267,298 SF

      Tapestrie: Flexible Commercial Development Opportunity

      50-acre development site suitable for medical, office, and light industrial tenants.
      495 E Oregon Rd, Lititz, PA 17543
      View Details
    • Contact for pricing
      2,267,298 SF

      50-Acre Development in Manheim Township

      50-acre development seeking medical, educational, professional office, and flex tenants.
      495 E Oregon Rd, Lititz, PA 17543
      View Details
    • $1,700 /Mo

      Lititz Office Space For Lease

      Two-story office space with wood floors near Route 222.
      135 Rothsville Station Rd, Lititz, PA 17543
      View Details
    • $282,488
      1,145,628 SF

      Class A Office Space Available

      High-end office space with gym, cafe, and ample parking.
      100 W Millport Rd, Lititz, PA 17543
      View Details
    • $149,402
      1,145,628 SF

      Class A Office Space

      Class A office space for lease in landmark Lititz building.
      100 W Millport Rd, Lititz, PA 17543
      View Details
    • $133,086
      1,145,628 SF

      Class A Office Space

      Class A office space in landmark building with superior finishes.
      100 W Millport Rd, Lititz, PA 17543
      View Details
    • $82,943
      1,145,628 SF

      Class A Office Space Available

      High-end office space with gym, cafe, and ample parking.
      100 W Millport Rd, Lititz, PA 17543
      View Details

    FAQs

    What type of property is this?
    Office building - Stand-alone office building with accessibility to Lancaster and Lititz.
    Where is this office building located?
    The property is located at 118 W Airport Rd Lititz, PA.
    What is the lease rate?
    The lease rate is $35,000.
    What are key features of this property?
    This property features: - Ideal location providing easy access to both Lancaster and Lititz.; - Stand-alone building offering privacy and a productive workspace.; - Abundant natural light throughout the building.
    (717) 951-5064
    Request Owner's contact information
    118 W Airport Rd Lititz, PA 17543
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    118 W Airport Rd
    Lititz, PA 17543
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    118 W Airport Rd Lititz, PA 17543
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Toni Thomas
    Real Estate License ID: RS373192
    (717) 951-5064 (717) 390-8701
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!