Medical Office Building with Suite
For Sale
$2,100,000
640 E Oregon Rd, Lititz, PA 17543
Medical office space offers flexible demising, dedicated entrances, substantial parking, and power suitable for imaging equipment.
Property Size7,501 SF
Price / SF$279.96
Days on Market26
Property Features for 640 E Oregon Rd
General Information
Standard status
Active
Size
7,501 SF
Total Parking Spaces
45
Additional Details
Road Access
Yes
Amenities
heavy power
separate entrances
Building Details
Year Built
1978
Listing Agency:
Bennett Williams Realty, Inc.
(717) 471-4153
Listed By:
Jeffrey Christian Herr · License #RS339386
Source:
Soldbypattie
Added: Aug 4
Changed: Aug 28
Last Checked: Aug 28 at 9:12AM
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 Bennett Williams Realty, Inc.
Investment Insights
Based on property information with market context.
This medical office property provides 7,501 square feet that can be configured as three separate suites measuring 3,120 square feet, 2,800 square feet, and 1,581 square feet. Each suite is planned with its own entrance, supporting flexible occupancy within the building. Heavy power is available for imaging and other medical equipment, and approximately 45 parking spaces are provided on site.
The property is located at 640 E Oregon Rd in Lititz, Pennsylvania, with access to Routes 501, 272, and 222. Route 30 is approximately 10 minutes away via Route 222. Built in 1978, the building is offered for sale or lease.
The property is located at 640 E Oregon Rd in Lititz, Pennsylvania, with access to Routes 501, 272, and 222. Route 30 is approximately 10 minutes away via Route 222. Built in 1978, the building is offered for sale or lease.
Key Highlights
- 7,501‑square‑foot medical office property
- Can be divided into suites of 3,120 SF, 2,800 SF, and 1,581 SF
- Separate entrances available for each suite
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
$124,186
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
5.91%
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%
$2,483,720
$2.5M
Cap Rate 7%
$1,774,086
$1.8M
Cap Rate 9%
$1,379,844
$1.4M
Market Conditions
NOI Build-Up for 7,501 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
$192.6K $25.68/SF
− Vacancy
−$27.0K −$3.61/SF
EGI
$165.6K $22.07/SF
− OpEx
−$41.4K −$5.52/SF
NOI
$124.2K $16.56/SF
Area
Lancaster County, PA
Vacancy
14.04%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
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%
$2,483,720
Cap Rate 7%
$1,774,086
Cap Rate 9%
$1,379,844
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.07M
NOI $124,186 @ 7.0% cap · market cap 5.91%
Second Best
Healthcare Medical
$1.56M
$1.37M – $1.82M
NOI $109,461 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,954 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17543, PA
45,320
Population
18,762
Households
2.4
Avg Household Size
45
Median Age
40%
College-Educated
93%
High-School Grad
66.0 sq mi
ZIP Area
687
Density / Sq Mi
$94,609
Median Household Income
$53,146
Median Earnings
$1,347
Median Rent
$321,900
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?
Medical Office Space - Medical office space offers flexible demising, dedicated entrances, substantial parking, and power suitable for imaging equipment.
Where is this medical office space located?
The property is located at 640 E Oregon Rd Lititz, PA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 7,501‑square‑foot medical office property; Can be divided into suites of 3,120 SF, 2,800 SF, and 1,581 SF; Separate entrances available for each suite
