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Property profile & analytics
OFF-MARKET
Estimated value
$3,325,000
Other commercial real estate
1009 Prince St Lancaster, PA 17603-2735
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-1034935
Property profile
Verified
Property type
Other commercial real estate
Use group
AUTO REPAIR, GARAGE
Year built
1967
Construction
STEEL FRAME
Total area
21,831 SF
Lot
2.7 ac (117,612 SF)
Zoning code
CM
APN
339-61429-0-0000
UPID
US73-1034935
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
PRR Cork Tower Tour Operator
-
Gibbel Motors Car Dealership
-
Auto Traders International - Body Shop Auto Repair Shop
-
Marine Plus LLC (Bike/Boat/Book/etc) Store
-
Auto Traders International - Service Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.89M
Blend (final)
Blend
$3.33M
Owner & transaction history
Trap Property Holdings LLC · 6 yrs held
Trap Property Holdings LLC
since 2020
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
CM · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.0M
+48.4%
Retail stores
$4.8M
+41.9%
Restaurant
$4.5M
+33.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,655,000
ML approach
$3,630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,350,000
Current use
MEDICAL BUILDING
$4,970,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$4,755,000
Change: +42% · Conversion: Difficult
RESTAURANT
$4,460,000
Change: +33% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,645,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$3.33M
Range $2.99M – $3.66M · ±10% · vs last sale $2.24M (Mar 19 2020)
Last sale anchor
$2.24M
Mar 19 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$152 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$82,447
Tax year 2024
Assessed value
$2,083,600
Assessed 2024
Previous assessed
$2,083,600
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$282,000
Assessed improvement
$1,801,600
Land market value
$282,000
Improvement market value
$1,801,600
Total market value
$2,083,600
Applied tax rate
339.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1967
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
3
Stories
1
Total area
21,831 SF
Lot
2.7 ac (117,612 SF)
Zoning code
CM
APN
339-61429-0-0000
UPID
US73-1034935
Jurisdiction
LANCASTER
Zoning & alternative use
CM · Lancaster, PA
Zoning CM · permitted uses
CM · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$5.0M
RETAIL STORES
Est. value
$4.8M
RESTAURANT
Est. value
$4.5M
WAREHOUSE, STORAGE
Est. value
$3.6M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Lot
2.7 ac
Current owner
From public records · entity-resolved
Trap Property Holdings LLC
Entity
Mailing address
1009 N PRINCE ST, LANCASTER, PA 17603-2735
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
—
Trap Property Holdings LLC
—
Deed
related
$565,000 · Bank Of Bird In Hand
Mar 19, 2020
$2,243,000
Trap Property Holdings LLC
Llm Realty Partners
Grant Deed
—
Feb 15, 2018
—
Llm Realty Partners
—
Deed
related
$500,000 · Peoplesbank/cordorus Vly
Oct 27, 2017
—
Llm Reality Partners
—
Grant Deed
related
$1,100,000 · Peoples Bk
Feb 19, 2013
—
Llm Realty Partners
—
Deed Of Trust
related
$1,100,000 · National Penn Bank
Apr 8, 2010
—
Llm Realty Partners
—
Deed Of Trust
related
$1,000,000 · Fulton Bank
Apr 30, 2004
—
Llm Realty Partners
—
Deed Of Trust
related
$1,000,000 · Bank Of Lancaster County NA
Aug 13, 2001
—
Department Of Transportation
Llm Realty Partners Gp
Grant Deed
related
—
—
—
Llm Realty Partners
—
Deed Of Trust
related
$250,000 · Pnc Bank
—
—
Llm Realty Partners
—
Deed Of Trust
related
$200,000 · National Penn Bank
—
—
Llm Realty Partners
—
Loan Modification
related
$500,000 · Peoplesbank/cordorus Vly
—
—
Llm Reality Partners
—
Deed Of Trust
related
$350,000 · People Bk/pa
—
—
Llm Realty Partners
—
Deed Of Trust
related
$1,000,000 · Fulton Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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