Office Units with Backup
New
For Sale
Contact for pricing
625 S 5TH AVENUE, Lebanon, PA 17042
The space can be configured in several ways to accommodate smaller office requirements.
Property Size3,880 SF
Price / SF$0.83
Days on Market3
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Property Features for 625 S 5TH AVENUE
General Information
Standard status
Active
Size
3,880 SF
Property subtype
Commercial
Amenities
back-up generator
large conference rooms
open common areas
private offices
secure vault room
movable filing rooms
numerous bathrooms
emergency exits
handicapped accessible
Building Details
Year Built
1980
Listing Agency:
Iron Valley Real Estate
(717) 769-2986
Listed By:
Jocelyn Shay · License #RS323417
(717) 679-7981
Source:
Cummingsrealtors
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 11:18PM
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 Iron Valley Real Estate
Investment Insights
Based on property information with market context.
Office space in a 1980 building includes large conference rooms, shared areas, windowed private offices, a secure vault room, movable filing rooms, multiple bathrooms, and emergency exits. A backup generator serves the entire building, and a side entrance has a ramp for accessible entry.
Off-street parking is available. The space can also be divided into several configurations for smaller occupants.
Off-street parking is available. The space can also be divided into several configurations for smaller occupants.
Key Highlights
- Backup generator serves the entire building
- Office space may be divided into several configurations
- Includes large conference rooms, shared areas, and windowed private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,277
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,540
$965.5K
Cap Rate 7%
$689,671
$689.7K
Cap Rate 9%
$536,411
$536.4K
Market Conditions
NOI Build-Up for 3,880 SF
Gross rent
$81.5K $21.00/SF
− Vacancy
−$17.1K −$4.41/SF
EGI
$64.4K $16.59/SF
− OpEx
−$16.1K −$4.15/SF
NOI
$48.3K $12.44/SF
Area
Lebanon County, PA
Vacancy
21.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,540
Cap Rate 7%
$689,671
Cap Rate 9%
$536,411
Alternative Uses
Best Use
Office B
$689.7K
$603.5K – $804.6K
NOI $48,277 @ 7.0% cap · market cap 1,493.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$910.7K
$796.9K – $1.06M
NOI $63,750 @ 7.0% cap · market cap 1,971.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
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Business Placement
Demographics for 17042, PA
40,618
Population
17,067
Households
2.4
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
67.7 sq mi
ZIP Area
600
Density / Sq Mi
$76,399
Median Household Income
$45,429
Median Earnings
$1,096
Median Rent
$222,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - The space can be configured in several ways to accommodate smaller office requirements.
Where is this office units located?
The property is located at 625 S 5TH AVENUE Lebanon, PA.
What are key features of this property?
This property features: Backup generator serves the entire building; Office space may be divided into several configurations; Includes large conference rooms, shared areas, and windowed private offices
