Flex Space with Drive-In
For Sale
Contact for pricing
1861 CHARTER LANE #115, Lancaster, PA 17601
Includes a small warehouse/storage area and drive-in door.
Property Size2,000 SF
Price / SF$14.95
Days on Market96
Property Features for 1861 CHARTER LANE #115
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Additional Details
Drive-In Doors
1
Building Details
Year Built
1982
Listing Agency:
High Associates Ltd.
(717) 293-4477
Listed By:
Michael Bowser · License #RS329231
(717) 293-4553
Source:
Cummingsrealtors
Added: Jul 14
Changed: Oct 16
Last Checked: Oct 16 at 8:39AM
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 High Associates Ltd.
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Investment Insights
Based on property information with market context.
This flex space contains 2000 SF with a small warehouse/storage area and a drive-in door. Built in 1982, the property is located at 1861 Charter Lane #115 in Lancaster, Pennsylvania.
Key Highlights
- 2000 SF flex space
- Small warehouse/storage area
- Drive‑in door and 1982 construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,367
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,340
$207.3K
Cap Rate 7%
$148,100
$148.1K
Cap Rate 9%
$115,189
$115.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$17.3K $8.64/SF
− Vacancy
−$1.3K −$0.67/SF
EGI
$15.9K $7.97/SF
− OpEx
−$5.6K −$2.79/SF
NOI
$10.4K $5.18/SF
Area
Lancaster County, PA
Vacancy
7.70%
Lease Rate
$8.64 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,340
Cap Rate 7%
$148,100
Cap Rate 9%
$115,189
Alternative Uses
Best Use
Industrial
$159.1K
$139.2K – $185.7K
NOI $11,139 @ 7.0% cap · market cap 37.25%
Second Best
Flex RnD
$148.1K
$129.6K – $172.8K
NOI $10,367 @ 7.0% cap · market cap 34.67%
Theoretical Best
Office A
$670.2K
$586.4K – $781.9K
NOI $46,915 @ 7.0% cap · market cap 156.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Includes a small warehouse/storage area and drive-in door.
Where is this flex space located?
The property is located at 1861 CHARTER LANE #115 Lancaster, PA.
What are key features of this property?
This property features: 2000 SF flex space; Small warehouse/storage area; Drive‑in door and 1982 construction
