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Property profile & analytics
FOR LEASE
Medical Office Space
802 New Holland Ave Lancaster, PA 17602
Entity Owned
11-yr Hold
Free & Clear
Property ID
US73-5772163
For Lease
1 / 33
$136,932 SF/Yr
802 New Holland Ave, Lancaster, PA 17602
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
FRAME
Total area
19,904 SF
Lot
1.1 ac (47,916 SF)
Zoning code
B-4
APN
390-86116-0-0000
UPID
US73-5772163
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kely Reese Pediatrician Physician
-
Dr. Emily M. Pressley, DO Physician
-
Dorozynsky Leo G MD Physician
-
Dr. Karla M. Campanella, MD Pediatrician Physician
-
Dr. Kathleen C. Dougherty, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.47M
Comparable Approach
Comparable
$5.24M
Blend (final)
Blend
$4.47M
Owner & transaction history
Chct Pennsylvania LLC · 11 yrs held
Chct Pennsylvania LLC
since 2015
3 recorded transactions
Zoning & alternative use
B-4 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.8M
+28.5%
Restaurant
$4.6M
+2.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,840,000
6.5%
$4,470,000
7%
$4,150,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,530,000
Current use
COMMERCIAL (GENERAL)
$5,825,000
Change: +29% · Conversion: Easy
RESTAURANT
$4,635,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$3,675,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$4.47M
Range $4.02M – $4.92M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$225 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$58,317
Tax year 2024
Assessed value
$2,695,200
Assessed 2024
Previous assessed
$2,695,200
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$275,000
Assessed improvement
$2,420,200
Land market value
$275,000
Improvement market value
$2,420,200
Total market value
$2,695,200
Applied tax rate
390.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2006
Construction
FRAME
Heating
YES
Cooling
YES
Stories
2
Total area
19,904 SF
Lot
1.1 ac (47,916 SF)
Zoning code
B-4
APN
390-86116-0-0000
UPID
US73-5772163
Jurisdiction
LANCASTER
Zoning & alternative use
B-4 · Lancaster, PAZoning B-4 · permitted uses
B-4 · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$5.8M
RESTAURANT
Est. value
$4.6M
RETAIL STORES
Est. value
$3.7M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Chct Pennsylvania LLC
Entity
Free & Clear · 11 yrs held
Mailing address
14400 METCALF AVE, OVERLAND PARK, KS 66223-2989
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2015
$3,100,000
Chct Pennsylvania LLC
Eight Hundred Two New Holland
Warranty Deed
—
Sep 12, 2005
—
Hundred Two New Holland Eight
—
Grant Deed
related
$2,690,000 · Susquehanna Bank Pa
Oct 26, 2004
$240,000
Hundred Two New Holland Eight
Lop
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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