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Property profile & analytics
FOR LEASE
Office Spaces
29 E King St Lancaster, PA 17602
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-0049028
For Lease
1 / 19
$120,558 SF/Yr
29 E King St, Lancaster, PA 17602
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Construction
BRICK
Total area
74,893 SF
Lot
0.43 ac (18,731 SF)
Zoning code
CB1
APN
332-27911-0-0000
UPID
US73-0049028
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.52M
Blend (final)
Blend
$7.62M
Owner & transaction history
29 E King Street LLC · 7 yrs held
29 E King Street LLC
since 2018
4 recorded transactions
Zoning & alternative use
CB1 · Ephrata, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.62M
Range $6.86M – $8.38M · ±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
$102 / 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
$80,128
Tax year 2024
Assessed value
$2,025,000
Assessed 2024
Previous assessed
$2,025,000
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$215,000
Assessed improvement
$1,810,000
Land market value
$215,000
Improvement market value
$1,810,000
Total market value
$2,025,000
Applied tax rate
332.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1900
Construction
BRICK
Heating
YES
Cooling
YES
Stories
4
Total area
74,893 SF
Lot
0.43 ac (18,731 SF)
Zoning code
CB1
APN
332-27911-0-0000
UPID
US73-0049028
Jurisdiction
LANCASTER
Zoning & alternative use
CB1 · Ephrata, PA
Zoning CB1 · permitted uses
CB1 · Ephrata, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ephrata. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
4
Lot
0.43 ac
Current owner
From public records · entity-resolved
29 E King Street LLC
Entity
Mailing address
29 E KING ST LIMITED LIABILITY CO 420TH EAS ST, NEW HOLLAND, PA 17557
Ownership since
2018
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
Apr 27, 2022
—
29 E King Street LLC
—
Deed
related
$1,900,000 · Acnb Bank
Apr 23, 2019
—
29 E King Street LLC
—
Deed
related
$2,970,000 · Peoples Bank
Aug 1, 2018
$1,700,000
29 E King Street LLC
The City Of Philadelphia
Deed
$2,150,000 · Peoples Bank
Sep 22, 2006
$2,460,000
Stephen Girard
Horst,clyde W
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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