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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail space
345 Main St Leola, PA 17540-2108
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US73-3003174
Property summary
AI-generated overview
Meadowbrook Plaza, located at 345 W Main St, Leacock-Leola-Bareville, PA 17540, presents a compelling investment opportunity in a thriving Pennsylvania market. This retail center comprises two buildings totaling 40,306 square feet, offering 24 individual suites ranging from 251 to 920 square feet. The property is zoned for General Commercial use, making it suitable for a diverse range of businesses. Currently, four spaces are available for lease, providing immediate income potential. Its convenient location along Route 23 in Leola ensures high visibility and accessibility for customers. The multiple-tenancy structure offers diversification and stability for investors. The property's substantial size and the number of available units present a unique opportunity to acquire a well-established retail center with significant growth potential. This is an ideal investment for those seeking a strong return on investment in a prime retail location. The property's existing infrastructure and established tenant base provide a solid foundation for future success. Contact us to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,407 SF
Zoning code
GC
APN
360-94296-1-0202
UPID
US73-3003174
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
-
Leola Cabinet Shop Showroom General Contractor Renovation Specialist
-
Seasons Spa Boutique Spa & Massage Center
-
NovaCare Rehabilitation in collaboration with Wellspan - Leola Medical Clinic
-
Main Street Kitchens (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
-
DaVita Leola Dialysis Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$415k
Blend (final)
Blend
$525k
Owner & transaction history
Meadowbrook Dev Associates LLC · 20 yrs held
Meadowbrook Dev Associates LLC
since 2005
4 recorded transactions
Zoning & alternative use
GC · Leola, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$830,000
+51.5%
Medical building
$685,000
+25.0%
Auto repair, garage
$565,000
+3.3%
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 Leola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leola 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$615,000
7%
$575,000
Alternative Use
Use
Estimation
RETAIL STORES
$550,000
Current use
COMMERCIAL (GENERAL)
$830,000
Change: +51% · Conversion: Easy
MEDICAL BUILDING
$685,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$565,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$154 / 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
$9,400
Tax year 2024
Assessed value
$470,400
Assessed 2024
Previous assessed
$470,400
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed improvement
$470,400
Improvement market value
$470,400
Total market value
$470,400
Applied tax rate
360.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
3,407 SF
Zoning code
GC
APN
360-94296-1-0202
UPID
US73-3003174
Jurisdiction
LANCASTER
Zoning & alternative use
GC · Leola, PA
Zoning GC · permitted uses
GC · Leola, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leola. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$550,000
COMMERCIAL (GENERAL)
Est. value
$830,000
MEDICAL BUILDING
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$565,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Current owner
From public records · entity-resolved
Meadowbrook Dev Associates LLC
Entity
Mailing address
134 W MAIN ST, LEOLA, PA 17540-1799
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2011
—
Meadowbrook Dev Associates LLC
—
Deed Of Trust
related
$3,238,000 · Metropolitan Bank
Sep 23, 2011
—
Meadowbrook Dev Associates LLC
—
Deed Of Trust
related
$3,238,000 · Metropolitan Bank
Sep 26, 2005
$573,985
Meadowbrook Dev Associates LLC
Conestoga Valley Cmnty Center
Grant Deed
$1,476,000 · Sovereign Bank
—
—
Meadowbrook Dev Associates LLC
—
Loan Modification
related
$500,000 · Orrstown Bk
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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