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Property profile & analytics

941 Wheatland Ave Lancaster, PA 17603

  • Office properties & Spaces
  • 49,456 SF
  • 1.87 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US73-5797892
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

  • Daisy Flour / Big Box & Wholesale Store
  • Wallover Aquatics International LLC / General Contractor
  • Disability Empowerment Center / Social Service Agency
  • David Campbell & Associates / Law Firm
  • Snell Engineering Consultants / Consultant / Engineer

Property Details for 941 Wheatland Ave

Year built
1949
Construction
BRICK
Lot size
1.87 lot acres
Property size
49,456 SF
Zone code
MU
Property type
Office properties & Spaces
APN
335-53915-0-0000
APU
3355391500000

Description

Wheatland Place offers exceptional office space in Lancaster City's desirable Woodlawn neighborhood. This four-story, 75,483 square foot building boasts 110 parking spaces, two elevators (one passenger, one freight), and a convenient 10'x10' drive-in door. The building features a welcoming lobby, shared restrooms on each floor, directory signage, 24/7 key card access, and is fully sprinklered. Suites range from 1,069 to 3,494 contiguous square feet, with ceiling heights of 11.0 to 14.0 feet. All suites have fully operable windows. Current available suites include a second-floor space (approx. 1,635 sq ft) with a reception area, open workspace, kitchenette, and five private offices; a third-floor space (approx. 1,069 sq ft) in turnkey condition with an open workspace, private office, and IT room; another third-floor space (approx. 1,565 sq ft) with a reception area, three private rooms, open workspace, and kitchenette; and a fourth-floor suite (3,494 sq ft) available October 1, 2024, offering seven offices/meeting spaces, a kitchen/breakroom, closets, a large open workspace, and stunning views. The building is conveniently located near Route 462, Route 23, Route 222, Route 30, and the Lancaster Amtrak station, providing easy access to major roadways and public transportation. Nearby amenities include Buchanan Park, numerous restaurants, shops, Franklin & Marshall College, Lancaster Penn Medicine, and Clipper Magazine Stadium. The building is ADA accessible and offers potential synergy with existing professional tenants in fields such as finance, engineering, architecture, and consulting. Lease rates are $11-$15 per square foot, NNN, depending on the suite and tenant requirements. The 1.87-acre property, built in 1950, is zoned for mixed use.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $10,235,000
    6.5%
    $9,450,000
    7%
    $8,775,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $13,692,000
    Market price range: $8.29M - $19.3M
    AI Estimate
    $13,060,000
    Market price range: $5.83M - $19.8M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $12,815,000
    Current use
    MEDICAL BUILDING
    $11,260,000
    Change: -12% Conversion: Easy
    RETAIL STORES
    $10,770,000
    Change: -16% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Lancaster
County
Lancaster
State
Pennsylvania
Longitude
-76.3247
Latitude
40.0402
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
$154,238
$352,200
$3,545,700
$3,897,900
-
$352,200
$3,545,700
$3,897,900
More about this property
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