Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ritterway Lot35 Lebanon, PA 17042
    Back to Search
    Property profile & analytics

    Ritterway Lot35 Lebanon, PA 17042

    View on Map
    • Land
    • 14.42 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Ritterway Lot35

    Lot size
    14.42 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 14.42-acre industrial land parcel, identified as RitterWay, Lot 35, is offered for sale at $1,700,000. Situated within the Lebanon Valley Business Park, a thriving 240-acre mixed-use development, this property boasts a highly desirable I-1 industrial zoning designation. The park features complete infrastructure improvements and off-site enhancements, ensuring seamless development. Benefitting from its strategic location adjacent to a DHL regional hub, this site provides unparalleled access to major transportation arteries, including the Pennsylvania Turnpike, Interstate 81, and Interstate 78. The property's size is ideal for the construction of a substantial building, with the potential to support a structure exceeding 100,000 square feet. An adjoining 54-acre parcel is also available for purchase, presenting an opportunity for significant expansion or consolidation. The property's APN is 30-2352500-353280-0000. This is a rare opportunity to acquire a well-located, sizable industrial land parcel in a thriving business park with excellent access to major transportation networks. The property is located in Cornwall Borough, Lebanon County, Pennsylvania, 17042.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.3733
    Latitude
    40.2974

    Comparable in this City

    • Value Estimation
      $790,000
      32,731 SF

      34 16th St

      PRINTING, PUBLISHING (LIGHT INDUSTRIAL) • 32,731 SF
      34 16th St, Lebanon, PA 17042-4505
      View Details
    • Value Estimation
      $615,000
      35,496 SF

      1621 Willow St

      PRINTING, PUBLISHING (LIGHT INDUSTRIAL) • 35,496 SF
      1621 Willow St, Lebanon, PA 17042-4580
      View Details
    • Value Estimation by Request
      1,036 SF

      986 Quentin Rd

      INDUSTRIAL (GENERAL) • 1,036 SF
      986 Quentin Rd, Lebanon, PA 17042-6927
      View Details
    • Value Estimation by Request
      17.53 Acres

      Quentin Rd

      Farms • 17.53 Acres
      0 Quentin Rd, Lebanon, PA 17042
      View Details
    • Value Estimation by Request

      114 Center St

      Multifamily properties
      114 Center St, Cleona, PA 17042
      View Details
    • Value Estimation by Request
      1.29 Acres

      Cornwall Cmns

      Land • 1.29 Acres
      0 Cornwall Cmns, Lebanon, PA 17042
      View Details

    Similar Nearby for Sale

    • $195,000
      1 SF

      Commercial Land in North Cornwall

      1.18 acres of commercial land near medical facilities.
      Tuck St, Lebanon, PA 17042
      View Details
    • New
      $199,900
      2.06 Acres

      2.06 Acre Lot in Lebanon

      Land with garage, well, septic, and country views.
      993 Mount Wilson Rd, Lebanon, PA 17042
      View Details
    • Contact for pricing

      Vacant Land For Development

      Five acre vacant parcel suitable for various commercial uses.
      N 15Th Ave, Lebanon, PA 17042
      View Details
    • Contact for pricing

      Prime Pad Site For Lease

      Pad site available for lease adjacent to Weis Markets.
      1651 East Cumberland St, Lebanon, PA 17042
      View Details
    • Contact for pricing

      High-Profile Commercial Property on Route 422

      5-acre commercial property on a prime retail corridor.
      10 S 22Nd St, Lebanon, PA 17042
      View Details
    • $975,000
      11.00 Acres

      Commercial Land on Route 72

      11+/- acres of commercial land with high visibility.
      Old Mine Rd, Lebanon, PA 17042
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lebanon Distribution Warehouse For Lease

      68,204 SF climate-controlled warehouse space in established industrial hub.
      225 N 16Th St, Lebanon, PA 17042
      View Details
    • $7 SF/Yr
      176,848 SF

      Warehouse/Distribution Facility in Lebanon

      176,848 SF warehouse/distribution facility with expansion potential.
      25 Keystone Dr, Lebanon, PA 17042
      View Details
    • Contact for pricing

      Industrial Space Available For Rent

      36,600 SF industrial space with loading docks and drive-ins.
      1349 Cumberland St, Lebanon, PA 17042
      View Details
    • $8 SF/Yr
      37,500 SF

      Warehouse/Distribution Facility Available for Lease

      37,500 SF warehouse/distribution facility in Lebanon County, PA.
      1625 Willow St, Lebanon, PA 17042
      View Details
    • Contact for pricing

      New Industrial Warehouse in Lebanon

      161,000 SF new construction warehouse with modern features.
      13 Ritter Way, Lebanon, PA 17042
      View Details
    • Contact for pricing

      Versatile Flex Building For Sale

      6,686 SF retail/industrial flex building with flexible space.
      1021 Cumberland St, Lebanon, PA 17042
      View Details
    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.
    Ritterway Lot35
    Lebanon, PA 17042
    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

    Thank You for Inquiry
    Ritterway Lot35, Lebanon, PA, 17042
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!