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    Property profile & analytics

    85 Main St Leola, PA 17540

    • Distribution centers
    • 5,178 SF
    • 0.42 lot acres
    For Sale
    View listing
    $624,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1652273
    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

    • Domaki Leathers / Leather Goods Store / Leather Repair Service

    Property Details for 85 Main St

    Year built
    1840
    Construction
    FRAME
    Lot size
    0.42 lot acres
    Property size
    5,178 SF
    Zone code
    MU
    Property type
    Distribution centers
    APN
    360-80617-0-0000
    APU
    3608061700000

    Description

    This exceptional mixed-use property located at 85 W Main Street in the vibrant town of Leola, Pennsylvania, presents a unique investment opportunity. The building sits on a 0.42-acre lot and offers a blend of established commercial space and significant upside potential. Currently, the ground floor houses a thriving leather shop, providing immediate rental income. Upstairs, a spacious vacant warehouse awaits its next tenant or a creative conversion. The warehouse features a convenient loading dock, simplifying logistics and operations. The property also boasts ample parking with eight designated spaces, a significant advantage in a busy downtown area. The building is equipped with central air conditioning, ensuring year-round comfort for occupants. This versatile property is ideally suited for a variety of uses, from expanding the existing leather shop to creating additional retail or office space. The combination of a proven income stream and substantial development potential makes this an attractive proposition for savvy investors seeking a strong return on investment in a desirable Pennsylvania location. The property's prime downtown location offers excellent visibility and accessibility, ensuring high foot traffic and easy access for customers and employees. The 0.42-acre lot provides ample space for potential expansion or outdoor amenities. This is a rare opportunity to acquire a well-located, mixed-use property with immediate income and significant long-term growth potential. Don't miss out on this chance to own a piece of Leola's thriving commercial landscape. The asking price is $624,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $296,000
      Market price range: $129k - $525k

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

    Location Insight

    • Map
    • Local Demand
    City
    Leola
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.1906
    Latitude
    40.0876
    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
    $6,345
    $88,600
    $228,900
    $317,500
    -
    $88,600
    $228,900
    $317,500

    Comparable in this City

    • Value Estimation
      $1,740,000
      12,000 SF

      7 Hess Rd

      DISTRIBUTION WAREHOUSE • 12,000 SF
      7 Hess Rd, Leola, PA 17540-9511
      View Details
    • Value Estimation
      $245,000
      5.00 Acres

      Hartman Sta Rd

      DISTRIBUTION WAREHOUSE • 5.00 Acres
      Hartman Sta Rd, Leola, PA 17540
      View Details
    • Value Estimation
      $1,500,000
      96,870 SF

      43 Graybill Rd

      DISTRIBUTION WAREHOUSE • 96,870 SF
      43 Graybill Rd, Leola, PA 17540-1910
      View Details
    • Value Estimation
      $1,135,000
      1.07 Acres

      296 Newport Rd

      DISTRIBUTION WAREHOUSE • 1.07 Acres
      296 Newport Rd, Leola, PA 17540-1826
      View Details
    • Value Estimation
      $880,000
      37,960 SF

      33 Hess Rd

      DISTRIBUTION WAREHOUSE • 37,960 SF
      33 Hess Rd, Leola, PA 17540-9511
      View Details
    • Value Estimation
      $3,385,000
      67,429 SF

      40 Glenbrook Rd

      DISTRIBUTION WAREHOUSE • 67,429 SF
      40 Glenbrook Rd, Leola, PA 17540-1301
      View Details

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      Leola Office Building For Sale

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      Leola Mixed-Use Building, Great Potential

      Downtown Leola, PA - Leather Shop & Warehouse
      85 Main St, Leola, PA 17540
      View Details
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      Leola Pad Site For Sale

      2.147 acre pad site available for sale.
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      Prime Leola Retail Space

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    Similar Nearby for Lease

    • $7 SF/Yr
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      Leola Industrial Opportunity For Rent

      Industrial property with loading docks and ample parking available for rent.
      43 Graybill Rd, Leola, PA 17540
      View Details
    • $650 /Mo
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      Mixed-Use Property with Flexible Suites

      Suites suitable for office, retail, and creative uses.
      266 W Main St, Leola, PA 17540
      View Details
    • Contact for pricing
      2,600 SF

      Leola, PA Retail Opportunity

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      View Details
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    85 Main St
    Leola, PA 17540
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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