Mixed-Use Property With Storage
For Sale
$1,100,000
200 SCHNEIDER Drive, Lebanon, PA 17046
Commercial Sale, LEBANON, PA
Property Size11,080 SF
Lot Size1.97 Acres
Price / SF$99.28
Days on Market299
Property Features for 200 SCHNEIDER Drive
General Information
Property type
Other
Property subtype
Office
Parking
28
Parking features
Parking Lot
Elementary school district
LEBANON
Middle school district
LEBANON
High school district
LEBANON
Standard status
Active
Lot size
1.97 Acres
Taxes and HOA fees
Tax Annual Amount
15938
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2000
Building materials
Vinyl Siding
Listing Agency:
Bennett Williams Realty, Inc.
(717) 843-5555
Listed By:
Joshua Miller · License #RS365967
(717) 383-6647
Added: Nov 13, 2025
Changed: Sep 5
Last Checked: Sep 8 at 9:06AM
MLS# PALN2023706
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use commercial property combines a 5,700-square-foot office building with two storage buildings totaling 5,380 square feet. The storage component includes 26 individual units, while the site also provides a four-car garage and a parking lot. Central heating and central air serve the office building, which was constructed in 2000 with vinyl siding.
Positioned at the corner of Schneider Drive and North 3rd Street in Lebanon, the 1.97-acre parcel has flat topography and room for additional storage sheds or future expansion. Three long-term tenants currently occupy portions of the property, and additional office suites are available for lease or owner occupancy.
Positioned at the corner of Schneider Drive and North 3rd Street in Lebanon, the 1.97-acre parcel has flat topography and room for additional storage sheds or future expansion. Three long-term tenants currently occupy portions of the property, and additional office suites are available for lease or owner occupancy.
Key Highlights
- 5,700‑square‑foot office building
- Two storage buildings totaling 5,380 square feet
- 26 storage units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$95,213
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,904,260
$1.9M
Cap Rate 7%
$1,360,186
$1.4M
Cap Rate 9%
$1,057,922
$1.1M
Market Conditions
NOI Build-Up for 11,080 SF
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.
Gross rent
$146.3K $13.20/SF
− Vacancy
−$10.2K −$0.92/SF
EGI
$136.0K $12.28/SF
− OpEx
−$40.8K −$3.68/SF
NOI
$95.2K $8.59/SF
Area
Lebanon County, PA
Vacancy
7.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,904,260
Cap Rate 7%
$1,360,186
Cap Rate 9%
$1,057,922
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.30M
NOI $137,863 @ 7.0% cap · market cap 12.53%
Second Best
Mixed Use
$1.60M
$1.40M – $1.87M
NOI $112,185 @ 7.0% cap · market cap 10.20%
Theoretical Best
Office A
$2.60M
$2.28M – $3.03M
NOI $182,049 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Explore this area
Business Placement
Demographics for 17046, PA
31,272
Population
13,570
Households
2.3
Avg Household Size
39
Median Age
12%
College-Educated
84%
High-School Grad
38.9 sq mi
ZIP Area
804
Density / Sq Mi
$59,633
Median Household Income
$37,261
Median Earnings
$1,036
Median Rent
$180,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office suites, storage units, and a four-car garage create a flexible commercial configuration.
Where is this mixed-use property located?
The property is located at 200 SCHNEIDER Drive Lebanon, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 5,700‑square‑foot office building; Two storage buildings totaling 5,380 square feet; 26 storage units
