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Property profile & analytics
FOR LEASE
Medical Office Space
Ste-120-1555 Highlands Dr Lititz, PA
Individually Owned
20-yr Hold
Free & Clear
Property ID
US73-2940836
For Lease
1 / 6
$18,322/Mo
Ste-120-1555 Highlands Dr, Lititz, PA
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Property summary
AI-generated overview
This exceptional 1,047 square foot executive office suite is located at 1555 Highlands Drive, Suite 120, in Lititz, Pennsylvania, 17543. Situated in a single-story building totaling 16,960 square feet, this space offers a convenient and professional environment. The property boasts ample parking with 65 spaces available for tenants and visitors. The suite is part of a multi-tenant building, ideal for businesses seeking a collaborative yet independent workspace. The zoning is (I-2) Campus Industrial, reflecting the area's blend of commercial and industrial uses. This location offers unparalleled convenience, being directly across the street from the Lancaster Hospital campus and adjacent to the Lancaster General Hospital regional medical facility and the Shoppes at Kissel Village shopping center. This prime location provides easy access to a variety of amenities and services, making it an attractive option for businesses of all sizes. The property is located in Lancaster County. This is a rare opportunity to secure a well-located, spacious executive office suite in a thriving area. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
FRAME
Total area
16,796 SF
Lot
3.73 ac (162,479 SF)
Zoning code
I-2
APN
600-24692-0-0000
UPID
US73-2940836
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.77M
Comparable Approach
Comparable
$4.55M
Blend (final)
Blend
$3.76M
Owner & transaction history
1555 Highlands Drive Assocs · 20 yrs held
1555 Highlands Drive Assocs
since 2006
3 recorded transactions
Zoning & alternative use
I-2 · Lititz, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.1M
+21.2%
Restaurant
$3.4M
+0.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lititz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lititz submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,085,000
6.5%
$3,770,000
7%
$3,500,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,385,000
Current use
COMMERCIAL (GENERAL)
$4,100,000
Change: +21% · Conversion: Easy
RESTAURANT
$3,405,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,795,000
Change: -17% · Conversion: Difficult
RETAIL STORES
$2,710,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.76M
Range $3.38M – $4.13M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$224 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$70,100
Tax year 2024
Assessed value
$3,575,700
Assessed 2024
Previous assessed
$3,575,700
+0.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$746,000
Assessed improvement
$2,829,700
Land market value
$746,000
Improvement market value
$2,829,700
Total market value
$3,575,700
Applied tax rate
600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2006
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
16,796 SF
Lot
3.73 ac (162,479 SF)
Zoning code
I-2
APN
600-24692-0-0000
UPID
US73-2940836
Jurisdiction
LANCASTER
Zoning & alternative use
I-2 · Lititz, PAZoning I-2 · permitted uses
I-2 · Lititz, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$4.1M
RESTAURANT
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
3.73 ac
Current owner
From public records · entity-resolved
1555 Highlands Drive Assocs
Individual
Free & Clear · 20 yrs held
Mailing address
1555 HIGHLANDS DR STE #110, LITITZ, PA 17543-2800
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2006
$128,801
1555 Highlands Drive Assocs
Buckhill Farm
Grant Deed
—
—
—
Highlands Drive Associates LP
—
Deed Of Trust
related
$2,560,000 · National Penn Bank
—
—
1555 Highlands Drive Assocs LP
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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