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 Market95
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.
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
View Realmo Analytics
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
