840 Helen DrLebanon, PA 17042

  • Healthcare properties
  • 8,376 SF
For Sale
$1,335,000 View listing

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
840 Helen Dr, Lebanon, Pennsylvania

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

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
$22,142
$200,000
$784,000
$984,000
-
$205,338
$804,928
$1,010,266

FAQs

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