Medical Office Suite with Exam
195 STOCK STREET #305 Hanover, PA 17331
For Sale
$299,900
Medical office suite featuring four exam rooms, designated patient areas, and dedicated employee and office space.
Property Size2,230 SF
Price / SF$134.48
Days on Market14
Property Features for 195 STOCK STREET #305
General Information
Standard status
Active
Size
2,230 SF
Property subtype
Commercial
Building Details
Year Built
1896
Listing Agency:
Keller Williams Keystone Realty
(717) 288-7766
Listed By:
Adam W Flinchbaugh
(717) 288-7766
Source:
Cummingsrealtors
Added: Jul 16
Changed: Jul 26
Last Checked: Jul 28 at 5:39AM
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 Keller Williams Keystone Realty
Investment Insights
Based on property information with market context.
This medical office suite is currently configured with four exam rooms, designated patient check-in and check-out areas, and a waiting room for patient visits. The space also includes employee workstations, two private offices, and three restrooms, providing a complete setup for day-to-day operations.
The suite is located within the Eichelberger Building, which merges healthcare, professional services, and the arts. The building offers more than 220 parking spaces, two elevators, and sheltered entrances to support visitor access and comfort.
Units are available for purchase individually or as part of a package, offering flexibility for buyers seeking a single suite or multiple office holdings.
The suite is located within the Eichelberger Building, which merges healthcare, professional services, and the arts. The building offers more than 220 parking spaces, two elevators, and sheltered entrances to support visitor access and comfort.
Units are available for purchase individually or as part of a package, offering flexibility for buyers seeking a single suite or multiple office holdings.
Key Highlights
- Year built 1896 medical office building
- Currently configured with 4 exam rooms and designated patient check‑in and check‑out areas
- Includes waiting room, employee workstations, and 2 private offices
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.5k | $8.76 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $18.4k | $8.27 |
| − OpEx | −$7.4k | −$3.31 |
| NOI | $11.1k | $4.96 |
2,230 SF · lease $8.76/SF/yr · vacancy 5.60% · expense 40.00%
Alternative Uses
Best Use
Office B
$507.9K
$444.4K – $592.6K
NOI $35,553 @ 7.0% cap · market cap 11.85%
Second Best
Healthcare Medical
$158.1K
$138.3K – $184.4K
NOI $11,065 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$645.7K
$565.0K – $753.3K
NOI $45,196 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 suite featuring four exam rooms, designated patient areas, and dedicated employee and office space.
Where is this medical office space located?
The property is located at 195 STOCK STREET #305 Hanover, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Year built 1896 medical office building; Currently configured with 4 exam rooms and designated patient check‑in and check‑out areas; Includes waiting room, employee workstations, and 2 private offices
