New Holland Net Lease
For Sale
Contact for pricing
220 Orlan Rd, New Holland, PA 17557
Net leased investment opportunity with established tenant, TruckPro.
Property Size21,048 SF
Price / SF$159.16
Days on Market184
Property Features for 220 Orlan Rd
General Information
Standard status
Active
Size
21,048 SF
Class
A
Property subtype
Industrial
Zoning
Industrial
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Net Operating Income
$207,464
Building Details
Year Built
2004
Buildings
1
Stories
1
Units
1
Listing Agency:
Sable Commercial Realty
(717) 399-9361
Listed By:
Justin Geisenberger · License #RS321567
Source:
Crexi
Added: Feb 9
Changed: Aug 8
Last Checked: Aug 11 at 12:44PM
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 Sable Commercial Realty
Investment Insights
Based on property information with market context.
This net lease investment opportunity features TruckPro, a major independent distributor of heavy-duty truck and trailer parts and maintenance services. TruckPro operates in over 150 locations across 33 states and has been a tenant in the property since its construction in 2004. The building offers a blend of showroom, office, and warehouse space. The showroom area measures approximately 6,500 square feet, the office area is approximately 4,500 square feet, and the warehouse provides approximately 10,500 square feet. The property is equipped with three 9' x 9' dock doors and one 12' x 14' drive-in door. The building features ceiling heights ranging from 24 to 26 feet and 3-phase power. The facility is located at the main entrance to the New Design Industrial Park in New Holland, PA.
Key Highlights
- Net Lease investment opportunity with TruckPro as tenant.
- TruckPro is a major independent distributor with 150+ locations.
- Tenant has occupied the property since 2004.
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
$247,701
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
7.39%
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%
$4,954,020
$5.0M
Cap Rate 7%
$3,538,586
$3.5M
Cap Rate 9%
$2,752,233
$2.8M
Market Conditions
NOI Build-Up for 21,048 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
$378.9K $18.00/SF
− Vacancy
−$25.0K −$1.19/SF
EGI
$353.9K $16.81/SF
− OpEx
−$106.2K −$5.04/SF
NOI
$247.7K $11.77/SF
Area
Lancaster County, PA
Vacancy
6.60%
Lease Rate
$18.00 /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%
$4,954,020
Cap Rate 7%
$3,538,586
Cap Rate 9%
$2,752,233
Alternative Uses
Best Use
Office B
$4.98M
$4.36M – $5.81M
NOI $348,468 @ 7.0% cap · market cap 10.40%
Second Best
Retail
$3.54M
$3.10M – $4.13M
NOI $247,701 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$7.05M
$6.17M – $8.23M
NOI $493,732 @ 7.0% cap · market cap 14.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 17557, PA
14,761
Population
5,460
Households
2.7
Avg Household Size
41
Median Age
19%
College-Educated
78%
High-School Grad
32.0 sq mi
ZIP Area
461
Density / Sq Mi
$78,717
Median Household Income
$39,833
Median Earnings
$1,273
Median Rent
$262,100
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?
Flex space - Net leased investment opportunity with established tenant, TruckPro.
Where is this flex space located?
The property is located at 220 Orlan Rd New Holland, PA.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Net Lease investment opportunity with TruckPro as tenant.; TruckPro is a major independent distributor with 150+ locations.; Tenant has occupied the property since 2004.
