Second-Floor Office
1755 OREGON PIKE, Lancaster, PA 17601
For Sale
New
Contact for pricing
A move-in-ready suite is available alongside an ongoing NNN tenancy.
Property Size9,527 SF
Price / SF$163.75
Days on Market7
Property Features for 1755 OREGON PIKE
General Information
Standard status
Size
Net Rentable
Elevators
Property subtype
Occupancy
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Floor
Office Units
Property Use
Medical Specialty
Amenities
reception area
conference/training room with wet bar
private offices
kitchenette
conference room
common-area restrooms
Building Details
Tenancy
Owner Occupied
Listing Agency:
ROCK Commercial Real Estate
Listed By:
Patten Mills · License PA RS352792
(717) 854-4287
Source:
Crexi
Added: Nov 4
Changed: Nov 9
Last Checked: Nov 8 at 5:45PM
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 ROCK Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,527 RSF office condominium occupies the second floor and is 75% seller-occupied. The seller, an outpatient behavioral healthcare practice, plans to lease 7,295 SF under a 5-year NNN term, with two 5-year options and annual base rent increases. The remaining 2,232 SF suite is move-in ready and includes a reception area, conference/training room with wet bar, five private offices, kitchenette, and a second conference room or large private office. Four shared restrooms serve the floor.
A cosmetic lobby update is planned, including new furniture, flooring, paint, and a replacement light fixture. The elevator control panel has also been upgraded recently.
A cosmetic lobby update is planned, including new furniture, flooring, paint, and a replacement light fixture. The elevator control panel has also been upgraded recently.
Key Highlights
- 9,527 RSF second‑floor office condominium
- Seller occupies 75% and plans to lease 7,295 SF on a 5‑year NNN term
- Lease includes two 5‑year options and annual base rent increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,026
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,780,520
$2.8M
Cap Rate 7%
$1,986,086
$2.0M
Cap Rate 9%
$1,544,733
$1.5M
Market Conditions
NOI Build-Up for 9,527 SF
Gross rent
$248.1K $26.04/SF
− Vacancy
−$16.4K −$1.72/SF
EGI
$231.7K $24.32/SF
− OpEx
−$92.7K −$9.73/SF
NOI
$139.0K $14.59/SF
Area
Lancaster County, PA
Vacancy
6.60%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,780,520
Cap Rate 7%
$1,986,086
Cap Rate 9%
$1,544,733
Alternative Uses
Best Use
Office B
$2.25M
$1.97M – $2.63M
NOI $157,728 @ 7.0% cap · market cap 10.11%
Second Best
Healthcare Medical
$1.99M
$1.74M – $2.32M
NOI $139,026 @ 7.0% cap · market cap 8.91%
Theoretical Best
Office A
$3.19M
$2.79M – $3.72M
NOI $223,479 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
75%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
Explore this area
Business Placement
Demographics for 17601, PA
55,710
Population
23,126
Households
2.4
Avg Household Size
43
Median Age
48%
College-Educated
94%
High-School Grad
33.5 sq mi
ZIP Area
1,663
Density / Sq Mi
$96,433
Median Household Income
$50,358
Median Earnings
$1,477
Median Rent
$324,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Lancaster, PA
Properties on Market for Office Units in Lancaster
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A move-in-ready suite is available alongside an ongoing NNN tenancy.
Where is this office unit located?
The property is located at 1755 OREGON PIKE Lancaster, PA.
What is the asking price?
The asking price for this property is $1,560,000.
What are key features of this property?
This property features: 9,527 RSF second‑floor office condominium; Seller occupies 75% and plans to lease 7,295 SF on a 5‑year NNN term; Lease includes two 5‑year options and annual base rent increases
