840 Helen DrLebanon, PA 17042

Property Details for 840 Helen Dr

Year built

2008

Lot size

1.00 AC

Property size (Sq ft)

8,376 SF

Property type

Medical offices

Property subtype

Medical centers

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.

• 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

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