Add Listing
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

    3501 Hempland Rd Lancaster, PA 17601-1319

    • Office Properties & Spaces
    • 29,000 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimations
    $3,870,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0313795
    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

    • Transply, Inc. / Factory / Industrial Manufacturer
    • Apple Belting Co / Clothing & Fashion Store

    Property Details for 3501 Hempland Rd

    Year built
    1968
    Construction
    STEEL FRAME
    Lot size
    3.00 lot acres
    Property size
    29,000 SF
    Zone code
    I-2
    Property type
    Office Properties & Spaces
    APN
    290-11232-0-0000
    APU
    2901123200000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,670,000
      Market price range: $2.67M - $9.22M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.4047
    Latitude
    40.0467
    CBSA code
    29540
    CBSA name
    LANCASTER, 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
    $27,843
    $280,000
    $1,008,400
    $1,288,400
    -
    $280,000
    $1,008,400
    $1,288,400

    Comparable in this City

    • Value Estimation
      $19,235,000
      109,434 SF

      2425 New Holland Pike

      OFFICE (GENERAL) • 109,434 SF
      2425 New Holland Pike, Lancaster, PA 17601-5946
      View Details
    • Value Estimation
      $10,745,000
      48,816 SF

      320 Granite Run Dr

      OFFICE (GENERAL) • 48,816 SF
      320 Granite Run Dr, Lancaster, PA 17601-6806
      View Details
    • Value Estimation
      $10,645,000
      62,780 SF

      211 Granite Run Dr

      OFFICE (GENERAL) • 62,780 SF
      211 Granite Run Dr, Lancaster, PA 17601-6805
      View Details
    • Value Estimation
      $6,490,000
      22,984 SF

      250 Valleybrook Dr

      OFFICE (GENERAL) • 22,984 SF
      250 Valleybrook Dr, Lancaster, PA 17601-4618
      View Details
    • Value Estimation
      $16,790,000
      83,728 SF

      1853 William Penn Way

      OFFICE (GENERAL) • 83,728 SF
      1853 William Penn Way, Lancaster, PA 17601-6713
      View Details
    • Value Estimation
      $7,120,000
      32,904 SF

      160 Pointe Blvd

      OFFICE (GENERAL) • 32,904 SF
      160 Pointe Blvd, Lancaster, PA 17601-4134
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lancaster Office Suite - Prime Location

      First-floor corner office, six private offices.
      120 Pointe Blvd, Lancaster, PA 17601
      View Details
    • Contact for pricing

      Lancaster Office Space - Harrisburg Pike

      High-visibility office, ample parking, great location.
      1368 Harrisburg Pike, Lancaster, PA 17601
      View Details
    • $1,950,000
      15,710 SF

      Medical Building Near Residential Community

      Three-story medical building with grade-level entrances and elevator access.
      3045 Marietta Ave, Lancaster, PA 17601
      View Details
    • $500,000
      1.80 Acres

      Versatile Property with Heated Shop

      Two-story residence with heated shop and showroom on 1.8 acres.
      1952 Landis Valley Rd, Lancaster, PA 17601
      View Details
    • $1,500,000
      4,500 SF

      Lancaster Restaurant Opportunity For Sale

      Turnkey restaurant in Lancaster County, renovated in 2023.
      320 Granite Run Dr, Lancaster, PA 17601
      View Details
    • Contact for pricing
      3.59 Acres

      Stony Battery Land - Lancaster, PA

      Prime Lancaster County industrial land for sale/lease
      0 Corporate Blvd And Marietta Ave, Lancaster, PA 17601
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      5,512 SF

      Lancaster Office Building: Prime Location

      Traditional office space, multiple suites available.
      1681 Crown Ave, Lancaster, PA 17601
      View Details
    • $24 SF/Yr
      5,314 SF

      Luxury Lancaster Executive Office

      New Construction, 5,314 sq ft, 57 parking spaces
      40 Roseville Rd, Lancaster, PA 17601
      View Details
    • Contact for pricing
      12,642 SF

      Prime Lancaster Office Sublease

      12,642 SF Professional Office Space
      1693 Crown Ave, Lancaster, PA 17601
      View Details
    • $21 SF/Yr
      4,299 SF

      Lancaster Office Space for Lease

      Prime Lancaster Office, Ample Parking
      1845 William Penn Way, Lancaster, PA 17601
      View Details
    • $13 SF/Yr
      3,000 SF

      Prime Lancaster County Office Space

      5,000 SF Available, Ample Parking
      1851 Charter Ln, Lancaster, PA 17601
      View Details
    • $33,000
      174,240 SF

      Restored Farmhouse for Office Lease

      Unique office space near Penn State Hospital and State Road corridor.
      2860 Yellow Goose Rd, Lancaster, PA 17601
      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.
    3501 Hempland Rd
    Lancaster, PA 17601-1319
    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!