Building Details

Year Built 1994

Stories 2

Listing Agency: Bering Real Estate Co. r***@beringrealestate.com Show Phone

Listed By: Kimberly Eby · License #AB069152 Show Phone

Source: Cummingsrealtors

Added: Oct 12 Changed: Oct 16 Last Checked: Oct 16 at 2:08PM

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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 Bering Real Estate Co.

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Investment Insights

Based on property information with market context.

This 3,200-square-foot flex space includes a garage, office area, bathroom, and storage, with additional space on the second floor. The building was constructed in 1994.

The property is located at 750 Homestead Lane in Gap, Pennsylvania.

Key Highlights

• 3,200 square feet of flex space
• Garage, office area, bathroom, and storage
• Second‑floor space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,587

Suggested Prices Based on Cap Rates

Cap Rate 5%

$331,740 $331.7K

Cap Rate 7%

$236,957 $237.0K

Cap Rate 9%

$184,300 $184.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,200 SF

Gross rent

$27.6K $8.64/SF

− Vacancy

−$2.1K −$0.67/SF

EGI

$25.5K $7.97/SF

− OpEx

−$8.9K −$2.79/SF

NOI

$16.6K $5.18/SF

Area

Lancaster County, PA

Vacancy

7.70%

Lease Rate

$8.64 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$331,740

Cap Rate 7%

$236,957

Cap Rate 9%

$184,300

Alternative Uses

Best Use

Industrial

$254.6K

$222.8K – $297.0K (±1% cap)

NOI $17,822 @ 7.0% cap · market cap 938.00%

Second Best

Flex RnD

$237.0K

$207.3K – $276.5K (±1% cap)

NOI $16,587 @ 7.0% cap · market cap 873.00%

Theoretical Best

Office A

$1.07M

$938.3K – $1.25M (±1% cap)

NOI $75,064 @ 7.0% cap · market cap 3,950.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Spring Garden Electric Electrical Service

Suggested Use

Top Pick Dental Office Auto Repair Shop Law Firm Building Supply Nail Salon Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 17527, PA

6,550

Population

2,162

Households

3

Avg Household Size

33

Median Age

17%

College-Educated

75%

High-School Grad

21.0 sq mi

ZIP Area

312

Density / Sq Mi

$92,292

Median Household Income

$38,958

Median Earnings

$1,319

Median Rent

$297,700

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Office, storage, a restroom, and a second-floor area complement the garage.

Where is this flex space located?

The property is located at 750 HOMESTEAD LANE Gap, PA.

What are key features of this property?

This property features: 3,200 square feet of flex space; Garage, office area, bathroom, and storage; Second‑floor space