Office Units with Daycare
For Sale
Contact for pricing
338 Harris Hill Road, Lancaster, NY 14221
Several suites offer flexible layouts, including space configured for childcare.
Property Size82,667 SF
Price / SF$0.00
Days on Market28
Property Features for 338 Harris Hill Road
General Information
Standard status
Active
Size
82,667 SF
Property subtype
Commercial
Building Details
Year Built
1970
Listing Agency:
Towne Housing Real Estate
(716) 264-4135
Listed By:
Maxwell B Salman · License #10401381265
(716) 628-5377
Source:
Prestigefamilyrealty
Added: Oct 7
Changed: Nov 1
Last Checked: Nov 1 at 1:42AM
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 Towne Housing Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office units built in 1970 are available in multiple configurations, from private offices to larger suites. An existing daycare build-out is also in place, alongside options for layouts and tenant improvements. On-site parking serves the property.
The property is at 338 Harris Hill Road in Lancaster, near Transit Road.
The property is at 338 Harris Hill Road in Lancaster, near Transit Road.
Key Highlights
- Multiple office configurations, from private rooms to larger suites
- Existing daycare build‑out
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$796,381
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,927,620
$15.9M
Cap Rate 7%
$11,376,871
$11.4M
Cap Rate 9%
$8,848,678
$8.8M
Market Conditions
NOI Build-Up for 82,667 SF
Gross rent
$1.49M $18.00/SF
− Vacancy
−$160.7K −$1.94/SF
EGI
$1.33M $16.06/SF
− OpEx
−$530.9K −$6.42/SF
NOI
$796.4K $9.63/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,927,620
Cap Rate 7%
$11,376,871
Cap Rate 9%
$8,848,678
Alternative Uses
Best Use
Office B
$14.80M
$12.95M – $17.26M
NOI $1,035,875 @ 7.0% cap · market cap 6,093,382.35%
Second Best
Healthcare Medical
$11.38M
$9.95M – $13.27M
NOI $796,381 @ 7.0% cap · market cap 4,684,594.12%
Theoretical Best
Office A
$18.07M
$15.81M – $21.08M
NOI $1,265,004 @ 7.0% cap · market cap 7,441,200.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Explore this area
Business Placement
Demographics for 14221, NY
55,275
Population
25,281
Households
2.2
Avg Household Size
48
Median Age
57%
College-Educated
96%
High-School Grad
23.4 sq mi
ZIP Area
2,362
Density / Sq Mi
$101,275
Median Household Income
$58,665
Median Earnings
$1,560
Median Rent
$298,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Several suites offer flexible layouts, including space configured for childcare.
Where is this office unit located?
The property is located at 338 Harris Hill Road Lancaster, NY.
What are key features of this property?
This property features: Multiple office configurations, from private rooms to larger suites; Existing daycare build‑out; On‑site parking
