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    1 Outlet Ln Lock Haven, PA 17745

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    For Lease
    $10 SF/Yr

    60,000 SF Office/Retail Plaza, PA

    Lot size:
    60,000 SF

    Property Features for 1 Outlet Ln

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,000 SF
    Class
    B
    Total Rate
    50000

    Building Details

    Year Built
    1993
    Buildings
    3
    Stories
    1

    Spaces For Lease

    at 1 Outlet Ln, Lock Haven, PA 17745 Contact us
    Unit Available Space 5

    $12 /Mo

    Size
    2,500 SF
    Contact us
    Unit Available Space 3

    $12 /Mo

    Size
    4,200 SF
    Contact us
    Unit Available Space 4

    $12 /Mo

    Size
    4,190 SF
    Contact us
    Unit Available Space 1

    $12 /Mo

    Size
    945 SF
    Contact us
    Unit Available Space 2

    $12 /Mo

    Size
    11,000 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Nathan White
    Nathan White

    Listing Agency: Fish Commercial Group Listing Agent: Nathan White

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property, located at 1 Outlet Lane in Lock Haven, Pennsylvania, 17745, offers a unique opportunity for businesses seeking flexible and high-visibility office space. The property comprises three single-story buildings totaling 60,000 square feet, situated on 20.77 acres of land. Built in 1993, the Class B property features a total of 300+ parking spaces, ensuring ample convenience for employees and clients. The property is zoned commercial and enjoys excellent access directly off US-220, near the McElhattan exit, providing exceptional visibility and convenient access for commuters. The space is currently fully vacant and available for lease, offering multiple tenancy options. Suites range in size from a minimum of 900 square feet to a maximum contiguous space of 35,000 square feet, catering to a variety of business needs. The property's strategic location, centered around the UPMC Outpatient Center, provides a strong anchor tenant and significant foot traffic. This versatile property is ideal for traditional office, executive office, or medical office uses. The property's size and layout offer significant potential for a variety of businesses seeking a prominent location in Lock Haven. Contact us today to learn more about this exceptional opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Building Supply Dental Office Hair Salon Pharmacy Department Store Discount Store Furniture & Home Goods Wine and Liquor Store Shopping Center & Mall

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lock Haven
    County
    Clinton
    State
    Pennsylvania
    Longitude
    -77.3572008
    Latitude
    41.151547

    Nearby Similar for Lease

    • $5 SF/Yr
      35,000 SF

      Lock Haven Warehouse Space Available

      Industrial Warehouse, Multiple Units
      1546 Woodward Ave, Lock Haven, PA 17745
      View Details

    FAQs

    What type of property is this?
    Medical office - 60,000 SF Office/Retail Plaza, PA
    Where is this medical office located?
    The property is located at 1 Outlet Ln Lock Haven, PA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: UPMC Outpatient Center-anchored office/retail plaza.; Suites available from 900 to 12,000 square feet.; High-visibility location.
    (570) 326-4067
    Request Owner's contact information
    1 Outlet Ln Lock Haven, PA 17745
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Outlet Ln Lock Haven, PA 17745
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    We can help!
    Listing Contact
    Nathan White
    Nathan White
    Real Estate License ID: 325454
    (570) 326-4067
    Learn more
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