840 Helen DrLebanon, PA 17042
- Healthcare properties
- 8,376 SF
Property Details for 840 Helen Dr
- Year built
- 2008
- Lot size
- 1.00 AC
- Property size (Sq ft)
- 8,376 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 26-2340446-360126-0000
- APU
- 2623404463601260000
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,292,836
- 6.5%
- $1,193,387
- 7%
- $1,108,145
-
Comparable approach
- Method
- Valuation
- Relative Method
- $642,268
- Geo Method
- $526,934
-
Alternative Use
- Use
- Valuation
- Residential
- $1,479,800
- Hospitality
- $1,355,488
- Educational
- $1,127,750
- Medical
- $1,166,536
- Retail
- $1,754,278
Location Insight
- City
- Lebanon
- County
- Lebanon
- State
- Pennsylvania
- Latitude
- 40.3142
- Longitude
- -76.4161
- CBSA code
- 30140
- CBSA name
- LEBANON, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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