Property profile

840 Helen Dr Lebanon, PA 17042

OFF-MARKET
Medical Office Space
Property ID
US73-3361250
8,376 SF 1 ac lot Built 2008
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied, 8,100 square foot medical office building located at 840 Helen Dr, Lebanon, PA 17042. The property boasts a 100% occupancy rate with two (2) established medical tenants: Drayer Physical Therapy and Lebanon Valley Foot & Ankle, ensuring a stable and predictable income stream. The building is situated in Lebanon's medical corridor, benefiting from high visibility and convenient access for patients and staff. This net lease investment offers a compelling return with a current asking price of $1,335,000, translating to $164.81 per square foot. The property features two units within a freestanding building, zoned for Office & Institutional use. The building's strong tenancy, prime location, and stable income make it an ideal addition to any diversified real estate portfolio. This is a rare opportunity to acquire a high-performing medical office building in a thriving market. The property's solid financial performance and strategic location offer significant long-term growth potential. The net lease structure minimizes management responsibilities, making this an attractive investment for both seasoned and new investors seeking a low-maintenance, high-yield asset.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2008
Total area 8,376 SF
Lot 1 ac (43,560 SF)
APN 26-2340446-360126-0000
UPID US73-3361250

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Medical Clinic
  • Physician
  • Physician

Location

840 Helen Dr Lebanon, PA 17042-7456
Lebanon metro Census 3500 LEBANON, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$975k
CAP Approach CAP
by Request
Comparable Approach Comparable
$942k
Blend (final) Blend
$950k

Owner & transaction history

since 2025
Last sale
$1.1M
2 recorded transactions
2025
$1.1M
2019
$1.2M

Zoning & alternative use

Top alternative use upside
Restaurant $1.3M +31.4%
Auto repair, garage $1.2M +18.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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