Office or Retail Building with Rear
For Sale
$2,400,000
743 S Broad St, Lititz, PA 17543
Multi-use office building on nearly an acre with rear egress to a Route 501 signal for convenient access and operations.
Property Size9,200 SF
Lot Size0.96 Acres
Price / SF$260.87
Days on Market94
Property Features for 743 S Broad St
General Information
Standard status
Active
Size
9,200 SF
Lot size
0.96 Acres
Property subtype
Office
Zoning
General Business
Site & Location
Traffic Count
23,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Building Size
9,200 SF
Listing Agency:
Bennett Williams Commercial Exton
Listed By:
Jeffrey Herr · License #RS339386
(717) 471-4153
Source:
Bennettwilliams
Added: Jun 3
Changed: Aug 23
Last Checked: Sep 4 at 2:00AM
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 Commercial Exton
Investment Insights
Based on property information with market context.
This offering is a 9,200-square-foot commercial building situated on approximately 0.96 acres, suitable for either office or retail use. The property includes all public utilities and features rear egress that connects to a traffic signal on Route 501, supporting practical inbound and outbound access for customers or tenants.
The building is located on South Broad Street/Route 501 in Lititz, Pennsylvania, where the listing reports approximately 23,000 VPD. The site is immediately adjacent to a Wells Fargo Bank, and the surrounding retail area includes nationally recognized and local brands such as Weis Markets, AutoZone, Domino’s Pizza, Dunkin Donuts, Burger King, and Taco Bell.
For tenants or buyers seeking a flexible, street-oriented location, this property can serve as an office base or as a retail option in a developed retail corridor. The rear egress and signal connection provide an operational benefit for businesses that need dependable vehicular access beyond the primary frontage.
The building is located on South Broad Street/Route 501 in Lititz, Pennsylvania, where the listing reports approximately 23,000 VPD. The site is immediately adjacent to a Wells Fargo Bank, and the surrounding retail area includes nationally recognized and local brands such as Weis Markets, AutoZone, Domino’s Pizza, Dunkin Donuts, Burger King, and Taco Bell.
For tenants or buyers seeking a flexible, street-oriented location, this property can serve as an office base or as a retail option in a developed retail corridor. The rear egress and signal connection provide an operational benefit for businesses that need dependable vehicular access beyond the primary frontage.
Key Highlights
- 9,200 SF office building on 0.96 acres in Lititz, PA
- Located on S Broad St/Route 501 with 23,000 VPD traffic count
- Immediately adjacent to a Wells Fargo Bank
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
$152,314
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
6.35%
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%
$3,046,280
$3.0M
Cap Rate 7%
$2,175,914
$2.2M
Cap Rate 9%
$1,692,378
$1.7M
Market Conditions
NOI Build-Up for 9,200 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
$236.3K $25.68/SF
− Vacancy
−$33.2K −$3.61/SF
EGI
$203.1K $22.07/SF
− OpEx
−$50.8K −$5.52/SF
NOI
$152.3K $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%
$3,046,280
Cap Rate 7%
$2,175,914
Cap Rate 9%
$1,692,378
Alternative Uses
Best Use
Office B
$2.18M
$1.90M – $2.54M
NOI $152,314 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.08M
$2.70M – $3.60M
NOI $215,808 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
23,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
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?
Office building - Multi-use office building on nearly an acre with rear egress to a Route 501 signal for convenient access and operations.
Where is this office building located?
The property is located at 743 S Broad St Lititz, PA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 9,200 SF office building on 0.96 acres in Lititz, PA; Located on S Broad St/Route 501 with 23,000 VPD traffic count; Immediately adjacent to a Wells Fargo Bank
