Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    986 Lititz Pike Lititz, PA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space anchored by Target and Giant Food Store.

    Type:RETAIL
    Property size:
    6,500 SF
    Lot size:
    1.47 Acres
    Added:
    Nov 10, 2025
    Days on Market:
    168
    Last Refresh:
    Apr 5 at 10:34 pm

    Property Features for 986 Lititz Pike

    General Information

    Standard status
    Active
    Size
    6,500 SF
    Lot size
    1.47 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 986 Lititz Pike Contact us

    We can help!

    Listing Contact
    Joe Waters

    Listing agent Joe Waters

    Listing office Waters Retail Group

    Listing date Nov 10, 2025

    Source Moodyscre

    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 Waters Retail Group

    Overview

    Retail Space in Lititz Pike

    This retail space is located on Route 501 in a large trade area with minimal competition and within close proximity to UPMC Lititz Medical Center. The property is anchored by a 133,500 square foot Target and a high volume 67,397 square foot GIANT Food Store. The location benefits from strong household incomes and high residential growth. The property offers 6,500 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Shoppes At Kissel Village — 1004 Lititz Pike, Lititz, PA 17543
    • Trolley Center — 820 Lititz Pike, Lititz, PA 17543
    • Coinstar Kiosk | Bitcoin ATM — Giant Carlisle, 1008 Lititz Pike, Lititz, PA 17543

    Location Insight

    • Map
    • Local Demand
    City
    Lititz
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.3049
    Latitude
    40.1281

    Nearby Similar for Lease

    • $35,000 SF/Yr

      Stand-Alone Office Building For Lease

      Stand-alone office building with accessibility to Lancaster and Lititz.
      118 W AIRPORT Road, LITITZ, PA 17543
      View Details
    • $1,700/Mo

      Lititz Office Space For Lease

      Two-story office space with wood floors near Route 222.
      135 ROTHSVILLE STATION Road, LITITZ, PA 17543
      View Details
    • $7,146/Mo

      Office Space in Lititz

      Office space for lease in a charming business center.
      1398 E OREGON Road, LITITZ, PA 17543
      View Details
    • $149,402 SF/Yr

      Class A Office Space

      Class A office space for lease in landmark Lititz building.
      100 W MILLPORT Road, LITITZ, PA 17543
      View Details
    • $133,086 SF/Yr

      Class A Office Space

      Class A office space in landmark building with superior finishes.
      100 W MILLPORT Road, LITITZ, PA 17543
      View Details
    • $282,488 SF/Yr

      Class A Office Space Available

      High-end office space with gym, cafe, and ample parking.
      100 W MILLPORT Road, LITITZ, PA 17543
      View Details
    • Contact for pricing

      Tapestrie: Flexible Commercial Development Opportunity

      50-acre development site suitable for medical, office, and light industrial.
      495 E OREGON Road, LITITZ, PA 17543
      View Details
    • Contact for pricing

      Tapestrie: Flexible Commercial Development Opportunity

      50-acre development site suitable for medical, office, and light industrial tenants.
      495 E OREGON Road, LITITZ, PA 17543
      View Details
    • Contact for pricing

      50-Acre Development in Manheim Township

      50-acre development seeking medical, educational, professional office, and flex tenants.
      495 E OREGON Road, LITITZ, PA 17543
      View Details
    • Contact for pricing

      50-Acre Development in Lititz, PA

      50-acre development for medical, educational, office, and flex/light industrial tenants.
      495 E OREGON Road, LITITZ, PA 17543
      View Details
    • $180,024 SF/Yr

      Medical Office Space Available

      7,501 SF medical office space for lease in Lititz, PA.
      640 E OREGON Road, LITITZ, PA 17543
      View Details
    • $70,000 SF/Yr

      Stand-Alone Office Building For Lease

      Stand-alone office building with accessibility to Lancaster and Lititz.
      118 W AIRPORT Road, LITITZ, PA 17543
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space anchored by Target and Giant Food Store.
    Where is this shopping center located?
    The property is located at 986 Lititz Pike Lititz, PA.
    What are key features of this property?
    This property features: Anchored by Target and GIANT Food Store, offering significant customer draw.; Located in a large trade area with minimal competition.; Proximity to UPMC Lititz Medical Center.
    (610) 388-6600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joe Waters
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!