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    Elevator-Served Corner Office Suite Title is generated by Realmo AI

    300-354 N Prince St, Lancaster, PA 17603

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    For Lease
    $75,600 SF/Yr $28,072,800/Mo (calc)

    Third-floor suite with 11 offices, conference rooms, private restrooms, and abundant natural light in a highly visible downtown setting.

    Property size:
    4,456 SF
    Added:
    May 20, 2026
    Days on Market:
    17
    Last Refresh:
    Jun 3 at 2:42 am

    Property Features for 300-354 N Prince St

    General Information

    Standard status
    Active
    Size
    4,456 SF

    We can help!

    Listing Contact
    Corinn E. Kirchner
    Corinn E. Kirchner

    Listing agent Corinn E. Kirchner License #RM425642

    Listing office PPM Real Estate, Inc.

    Listing date May 20, 2026

    Source Exprealty

    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 PPM Real Estate, Inc.

    HighLights

    • Downtown Lancaster corner property with frontage on Prince St and Lemon St and on‑site private parking
    • Suite 300 is ±4,456 SF on the third floor with city views (north & south), accessible by stairs and elevator
    • Suite 300 layout includes 11 offices, 2 conference rooms, multiple semi‑private workspaces, and 2 private restrooms
    • Rent for Suite 300 is $6,300/month modified gross, including real estate taxes, CAM, and property insurance
    • Tenant pays electric, gas, internet, and phone; Suite 300 includes 9 free onsite parking spaces
    • Property is zoned CBD and is within walking distance to Southern Market, Central Market, and city and county offices

    Overview

    City Crossings offers Suite 300 on the third floor with approximately ±4,456 square feet and excellent north and south city views. The space is accessible by both stairs and elevator and includes 11 offices, two conference rooms, multiple semi-private workspaces, and two private restrooms. Interior character is a key feature, with exposed brick walls and original wood beams, along with abundant natural light throughout.

    The building is a highly visible corner property with frontage along Prince and Lemon Streets, plus on-site private parking and strong signage opportunities. Located in a CBD setting, it offers an excellent downtown work environment with walkability and proximity to Southern Market, Central Market, and city and county offices.

    This suite is well suited for professional tenants seeking a downtown address with a traditional office layout and dedicated meeting space. With modified gross rent covering real estate taxes, CAM, and property insurance, and tenant responsibility limited to electric, gas, internet, and phone, it can fit cleanly into a managed operating budget. Suite 300 also includes nine free on-site parking spaces, with additional spaces and attached garage parking available for lease.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.30703
    Latitude
    40.032021

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    FAQs

    What type of property is this?
    Office units - Third-floor suite with 11 offices, conference rooms, private restrooms, and abundant natural light in a highly visible downtown setting.
    Where is this office units located?
    The property is located at 300-354 N Prince St Lancaster, PA.
    What is the lease rate?
    The lease rate is $75,600.
    What are key features of this property?
    This property features: Downtown Lancaster corner property with frontage on Prince St and Lemon St and on‑site private parking; Suite 300 is ±4,456 SF on the third floor with city views (north & south), accessible by stairs and elevator; Suite 300 layout includes 11 offices, 2 conference rooms, multiple semi‑private workspaces, and 2 private restrooms
    (717) 394-3374
    We can help!
    Listing Contact
    Corinn E. Kirchner
    Corinn E. Kirchner
    Real Estate License ID: RM425642
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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