Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    2040 Quentin Rd Lebanon, PA 17042-7440

    • Commercial land
    • 1.94 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3474125
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 2040 Quentin Rd

    Lot size
    1.94 lot acres
    Property type
    Commercial land
    APN
    26-2338328-357468-0000
    APU
    2623383283574680000

    Description

    Two retail pads are available at 2040 Quentin Rd, Lebanon, PA 17042, totaling 1.6 acres (69,696 sq ft) in the Harrisburg submarket. This Class A property features 60 parking spaces and is situated at a signalized intersection with excellent access, visibility, and signage. The site boasts multiple ingress/egress points and has completed site work, including storm water management, and a finalized HOP permit. Nearby developments include a future Wellspan Hospital (approved 80,000 sq ft on 10 acres adjacent to the east), a 160-unit townhouse development (final phase), and a 400-unit apartment complex (completion 2024). A Fairfield by Marriott Hotel is also nearby. The area offers strong retail presence with nearby Kohl's, Michael's, TJ Maxx, Target, Lowe's, Staples, Chipotle, Panera Bread, Starbucks, Five Guys, Sheetz, Chic-Fil-A, and Giant Foods. Local amenities include Wellspan and VA Hospitals, Cedar Crest Middle and High Schools, and the Lebanon County Expo Center. The property is zoned HC and has APN 26-2338328-357468. Cross street is Rocherty Road. The property consists of two, one-story buildings.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.4239
    Latitude
    40.3071
    CBSA code
    30140
    CBSA name
    LEBANON, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,741
    $344,000
    $0.00
    $344,000
    -
    $353,182
    $0.00
    $353,182

    Comparable in this City

    • Value Estimation by Request
      8.26 Acres

      Ws Quentin Rd

      VACANT COMMERCIAL LAND • 8.26 Acres
      Ws Quentin Rd, Lebanon, PA 17042
      View Details
    • Value Estimation by Request
      3.19 Acres

      Ns Lehman St

      VACANT COMMERCIAL LAND • 3.19 Acres
      Ns Lehman St, Lebanon, PA 17042
      View Details
    • Value Estimation by Request
      2.10 Acres

      Ns W Oak St

      VACANT COMMERCIAL LAND • 2.10 Acres
      Ns W Oak St, Lebanon, PA 17042
      View Details
    • Value Estimation by Request
      0.30 Acres

      414 Walton St

      VACANT COMMERCIAL LAND • 0.30 Acres
      414 Walton St, Lebanon, PA 17042-5331
      View Details
    • Value Estimation by Request
      0.42 Acres

      557 Cumberland St Rear

      VACANT COMMERCIAL LAND • 0.42 Acres
      557 Cumberland St Rear, Lebanon, PA 17042-8134
      View Details
    • Value Estimation by Request
      0.08 Acres

      423 Cumberland St

      VACANT COMMERCIAL LAND • 0.08 Acres
      423 Cumberland St, Lebanon, PA 17042-8132
      View Details

    Similar Nearby for Sale

    • $1,150,000

      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
    • $1,200,000

      Commercial Land Opportunity Available

      Five commercial sites available for sale.
      2500 Quentin Rd, 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
    • $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
    • $2,900,000
      17.53 Acres

      17 Acres Quentin Road Farm

      Prime Commercial Farmland, Lebanon County, PA
      0 Quentin Rd, Lebanon, PA 17042
      View Details
    • $1,100,000
      10.27 Acres

      Quentin Road Commercial Farm Land

      10 Acres, Commercial Zoning, Prime Location
      0 Quentin Rd, Lebanon, PA 17042
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Rent

      Join established retailers in Lebanon, PA.
      1090 W Crestview Dr, Lebanon, PA 17042
      View Details
    • Contact for pricing
      47,405 SF

      Lebanon Retail Center - Prime Location

      High-traffic retail space, multiple units available.
      1651 Cumberland St, Lebanon, PA 17042
      View Details
    • Contact for pricing
      11,930 SF

      801 Cumberland Street Office Space

      Prime Lebanon County Office, 5,360-11,930 SF
      801 Cumberland St, Lebanon, PA 17042
      View Details
    • Contact for pricing
      42,000 SF

      Lebanon Valley Mall Retail Space

      42,234 SF retail space in Lebanon Valley Mall.
      2299 Cumberland St, Lebanon, PA 17042
      View Details
    • Contact for pricing
      2,894 SF

      Retail Space in Lebanon, PA

      Retail space available for lease in Lebanon, Pennsylvania.
      1125-1301 Quentin Rd, Lebanon, PA 17042
      View Details
    • New
      $15,450 /Mo
      27,878 SF

      Commercial Space in Lebanon, PA

      Six-room commercial space suitable for various business types.
      1402 Quentin Rd Unit, 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.
    2040 Quentin Rd
    Lebanon, PA 17042-7440
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.