Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    First-Floor Office Space For Rent Title is generated by Realmo AI

    1681 CROWN AVENUE SUITE 102, Lancaster, PA 17601

    View on Map
    Claim this Listing
    For Lease
    $12,000/Mo $288 SF/Yr (calc)

    Bright, accessible office space in established business park.

    Type:Rental
    Property size:
    500 SF
    Lot size:
    0.90 Acres
    Added:
    Oct 24, 2024
    Days on Market:
    590
    Last Refresh:
    May 20 at 1:31 am

    Property Features for 1681 CROWN AVENUE SUITE 102

    General Information

    Standard status
    Active
    Size
    500 SF
    Lot size
    0.90 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Corinn Kirchner
    Corinn Kirchner

    Listing agent Corinn Kirchner License #RM425642

    Listing office PPM Real Estate, Inc.

    Listing date Oct 24, 2024

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of PPM Real Estate, Inc.

    HighLights

    • Convenient first‑floor location within Ridgeview Executive Park, offering easy access.
    • Features two large private offices plus an open reception area.
    • Office with French doors providing abundant natural light.
    • Signage opportunities on the building monument, lobby directory, and suite doors.
    • Located right off Route 30.
    • Modified gross rent of $1,000/month.

    Overview

    Suite 102, located within Ridgeview Executive Park, offers approximately 500 square feet of first-floor office space. The suite includes two large offices and an open reception area. A separate office features French doors, allowing natural light. The suite is located near the building’s entrance, providing easy access to a shared restroom. Signage opportunities are available on the building monument sign, lobby directory, and suite doors. The space is suitable for businesses or service use. The location provides accessibility within an established business park near Route 30. Modified gross rent is $1,000 per month, with the tenant responsible for electric, phone/internet, suite janitorial services, and insurance.
    Property Profile Location Intelligence

    Current Use by Public Records

    o Financial Advisor Jamie Minick Counselor Daniel Jensen Counselor Deanna Figueroa Foster Care Service Parenting & Family Solutions Crisis Center

    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
    -76.302282
    Latitude
    40.066022

    Nearby Similar for Lease

    • $1,050/Mo
      675 SF

      Lancaster City Commercial Building Space

      Multi-unit commercial building with flexible space options in Lancaster.
      104 W CHESTNUT Street, LANCASTER, PA 17603
      View Details
    • $950/Mo

      Coworking Space With 24/7 Access

      Flexible private offices and desk memberships with high-speed internet, conference room access, and free parking.
      500 DELP Road, LANCASTER, PA 17601
      View Details
    • $136,932 SF/Yr

      Lancaster Office Suite Sublease

      Premier office suite available for sublease in Lancaster, PA.
      802 NEW HOLLAND Avenue, LANCASTER, PA 17602
      View Details
    • $120,558 SF/Yr

      Finished Office Space in Lancaster

      Sublease opportunity: 6,043 SF office space in Lancaster City.
      29 E KING Street, LANCASTER, PA 17602
      View Details
    • $42,500 SF/Yr

      Historic Lancaster Masonic Center Suites

      Landmark commercial suites for lease in downtown Lancaster.
      213 W CHESTNUT Street, LANCASTER, PA 17603
      View Details
    • $85,000 SF/Yr

      Historic Lancaster Suites For Lease

      Landmark commercial suites in downtown Lancaster. Redevelopment opportunity.
      213 W CHESTNUT Street, LANCASTER, PA 17603
      View Details
    • $170,000 SF/Yr

      Historic Lancaster Suites For Lease

      Landmark commercial suites in downtown Lancaster. Redevelopment opportunity.
      213 W CHESTNUT Street, LANCASTER, PA 17603
      View Details
    • $340,000 SF/Yr

      Historic Lancaster Suites For Lease

      Landmark commercial suites available in downtown Lancaster.
      213 W CHESTNUT Street, LANCASTER, PA 17603
      View Details
    • $371,250 SF/Yr

      Lancaster Commercial Space For Lease

      Prime leasing opportunity in Lancaster's energetic redevelopment corridor.
      717-723 N PRINCE Street, LANCASTER, PA 17603
      View Details
    • $247,500 SF/Yr

      Lancaster Commercial Space For Lease

      Prime leasing opportunity in Lancaster's energetic redevelopment corridor.
      717-723 N PRINCE Street, LANCASTER, PA 17603
      View Details
    • $123,750 SF/Yr

      Lancaster Commercial Space For Lease

      Prime leasing opportunity in Lancaster's energetic redevelopment corridor.
      717-723 N PRINCE Street, LANCASTER, PA 17603
      View Details
    • $123,750 SF/Yr

      Lancaster Commercial Space For Lease

      Prime leasing opportunity in Lancaster's energetic redevelopment corridor.
      717-723 N PRINCE Street, LANCASTER, PA 17603
      View Details

    FAQs

    What type of property is this?
    Office units - Bright, accessible office space in established business park.
    Where is this office units located?
    The property is located at 1681 CROWN AVENUE SUITE 102 Lancaster, PA.
    What is the lease rate?
    The lease rate is $12,000 /Mo.
    What are key features of this property?
    This property features: Convenient first‑floor location within Ridgeview Executive Park, offering easy access.; Features two large private offices plus an open reception area.; Office with French doors providing abundant natural light.
    (717) 394-3374
    We can help!
    Listing Contact
    Corinn Kirchner
    Corinn Kirchner
    Real Estate License ID: RM425642
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1681 CROWN AVENUE SUITE 102, LANCASTER, PA 17601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!