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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Retail space
1 Main St, Strasburg, PA 17579-1516
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US73-2084198
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
BRICK
Total area
8,772 SF
Lot
0.21 ac (9,148 SF)
Zoning code
C-1
APN
570-85439-0-0000
UPID
US73-2084198
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
$1.57M
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.48M
Owner & transaction history
Strasburg Properties LLC · 17 yrs held
Strasburg Properties LLC
since 2009
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
C-1 · Strasburg, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+51.5%
Restaurant
$1.8M
+25.7%
Medical building
$1.8M
+25.0%
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 Strasburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Strasburg 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
$1,655,000
ML approach
$1,570,000
CAP Approach
CAP Return
Estimation
6%
$1,720,000
6.5%
$1,590,000
7%
$1,475,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,415,000
Current use
COMMERCIAL (GENERAL)
$2,140,000
Change: +51% · Conversion: Easy
RESTAURANT
$1,780,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$1,765,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,460,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±10% · vs last sale $1.40M (May 29 2025)
Last sale anchor
$1.40M
May 29 2025
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
$169 / 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
$13,759
Tax year 2024
Assessed value
$575,600
Assessed 2024
Previous assessed
$575,600
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$58,900
Assessed improvement
$516,700
Land market value
$58,900
Improvement market value
$516,700
Total market value
$575,600
Applied tax rate
570.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1920
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Total area
8,772 SF
Lot
0.21 ac (9,148 SF)
Zoning code
C-1
APN
570-85439-0-0000
UPID
US73-2084198
Jurisdiction
LANCASTER
Zoning & alternative use
C-1 · Strasburg, PA
Zoning C-1 · permitted uses
C-1 · Strasburg, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Strasburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RESTAURANT
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1920
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Strasburg Properties LLC
Entity
Mailing address
4850 DELTA RD, DELTA, PA 17314-9468
Ownership since
2009
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
May 29, 2009
$1,125,000
Strasburg Properties LLC
Pans LP
Deed
$1,250,000 · Manufacturers & Traders Trust Co
Jun 19, 2006
$900,000
Pans
Gearhart,john E & Joyce E
Grant Deed
$1,425,000 · Susquehanna Bank Pa
—
—
Pans
—
Deed Of Trust
related
$220,000 · Susquehanna Bank Pa
—
—
John E Gearhart
—
Deed Of Trust
related
$600,000 · Waypoint 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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