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    Lancaster Office Suite Sublease Title is generated by Realmo AI

    802 NEW HOLLAND Avenue, Lancaster, PA 17602

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    For Lease
    $136,932 SF/Yr $157,038,182/Mo (calc)

    CommercialLease - LANCASTER, PA

    Type:Office
    Property size:
    13,762 SF
    Added:
    Mar 24, 2026
    Days on Market:
    57
    Last Refresh:
    May 19 at 3:06 pm

    Property Features for 802 NEW HOLLAND Avenue

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    36
    Standard status
    Active
    Size
    13,762 SF

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2006
    Building materials
    Masonry, Dryvit

    We can help!

    Listing Contact
    Deepa Balepur
    Deepa Balepur

    Listing agent Deepa Balepur License #RM425415

    Listing office Compass Real Estate, LLC 320 Granite Run Drive, Lancaster, PA

    Listing date Mar 24, 2026

    MLS# PALA2085152

    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

    • Sublease a premier office suite with approximately 13,762 SF, including 1,800 SF on the 1st floor.
    • Highly accessible location near Route 30, downtown Lancaster, and the Lancaster Amtrak Station.
    • Attractive lease rate of $9.95/SF MODIFIED GROSS.
    • Contemporary design with abundant natural light and flexible layouts.
    • Conveniently located adjacent to Grandview Plaza and between Rossmere and Grandview Heights neighborhoods.
    • Extensive nearby amenities and medical neighbors.

    Overview

    This sublease opportunity features a premier office suite at 802 New Holland Ave, Suite 200, in Lancaster, PA. The space offers approximately 13,762 square feet, primarily on the second floor, with an additional 1,800 square feet on the first floor. The suite features a contemporary design and abundant natural light. The flexible layouts are ideal for a professional office environment. The property is conveniently located on the northeast edge of Lancaster City, adjacent to Grandview Plaza and between the Rossmere and Grandview Heights neighborhoods. It is approximately one mile from Route 30, downtown Lancaster, and the Lancaster Amtrak Station. Extensive nearby amenities and medical neighbors enhance daily convenience for staff and clients. The lease rate is $9.95 per square foot, modified gross.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kely Reese Pediatrician Dr. Emily M. ... Physician Dorozynsky Leo G ... Physician Dr. Karla M. ... Pediatrician Dr. Kathleen C. ... Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.2876057
    Latitude
    40.051308

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    FAQs

    What type of property is this?
    Office units - Premier office suite available for sublease in Lancaster, PA.
    Where is this office units located?
    The property is located at 802 NEW HOLLAND Avenue Lancaster, PA.
    What is the lease rate?
    The lease rate is $136,932.
    What are key features of this property?
    This property features: Sublease a premier office suite with approximately 13,762 SF, including 1,800 SF on the 1st floor.; Highly accessible location near Route 30, downtown Lancaster, and the Lancaster Amtrak Station.; Attractive lease rate of $9.95/SF MODIFIED GROSS.
    (717) 808-3531
    We can help!
    Listing Contact
    Deepa Balepur
    Deepa Balepur
    Real Estate License ID: RM425415
    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.

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    802 NEW HOLLAND Avenue, LANCASTER, PA 17602
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