Medical Office Unit with Exam
For Sale
$149,900
195 Stock Street 307a, Hanover, PA 17331
Medical office unit with two exam rooms and two private offices in a mixed-use professional building.
Property Size923 SF
Price / SF$162.41
Days on Market47
Property Features for 195 Stock Street 307a
General Information
Standard status
Active
Size
923 SF
Elevators
Yes
Amenities
performing arts center
sheltered entrances
Building Details
Year Built
1896
Tenancy
Multi
Listing Agency:
Keller Williams Keystone Realty
Listed By:
Adam W Flinchbaugh · License #RS241100L
(717) 288-7766
Source:
Riverfoxrealty
Added: Sep 4
Changed: Oct 3
Last Checked: Oct 5 at 7:52PM
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 Keller Williams Keystone Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office unit at 195 Stock Street includes two exam rooms and two offices within the Eichelberger Building. The property is suited to healthcare or professional office use and is available for individual purchase or as part of a package of units.
Building amenities include more than 220 parking spaces, two elevators, and sheltered entrances. The Eichelberger Building also contains professional offices, healthcare-related services, and a performing arts center, providing a varied setting for visitors and occupants. Constructed in 1896, the building combines office space with cultural and community-oriented uses.
Building amenities include more than 220 parking spaces, two elevators, and sheltered entrances. The Eichelberger Building also contains professional offices, healthcare-related services, and a performing arts center, providing a varied setting for visitors and occupants. Constructed in 1896, the building combines office space with cultural and community-oriented uses.
Key Highlights
- Two exam rooms and two offices within the unit
- More than 220 parking spaces serving the building
- Two elevators and sheltered entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,580
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$91,600
$91.6K
Cap Rate 7%
$65,429
$65.4K
Cap Rate 9%
$50,889
$50.9K
Market Conditions
NOI Build-Up for 923 SF
Gross rent
$8.1K $8.76/SF
− Vacancy
−$453 −$0.49/SF
EGI
$7.6K $8.27/SF
− OpEx
−$3.1K −$3.31/SF
NOI
$4.6K $4.96/SF
Area
York County, PA
Vacancy
5.60%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$91,600
Cap Rate 7%
$65,429
Cap Rate 9%
$50,889
Alternative Uses
Best Use
Office B
$210.2K
$183.9K – $245.3K
NOI $14,715 @ 7.0% cap · market cap 9.82%
Second Best
Healthcare Medical
$65.4K
$57.3K – $76.3K
NOI $4,580 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$267.2K
$233.8K – $311.8K
NOI $18,707 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17331, PA
55,458
Population
23,528
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
90%
High-School Grad
74.4 sq mi
ZIP Area
745
Density / Sq Mi
$76,661
Median Household Income
$45,168
Median Earnings
$1,127
Median Rent
$228,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Hanover Veterinary Hospital — 323 Broadway, Hanover, PA 17331
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office unit with two exam rooms and two private offices in a mixed-use professional building.
Where is this medical office space located?
The property is located at 195 Stock Street 307a Hanover, PA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two exam rooms and two offices within the unit; More than 220 parking spaces serving the building; Two elevators and sheltered entrances
