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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Retail space
10 Market St 1 Lancaster, PA 17603-3812
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-2288658
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
BRICK
Total area
6,950 SF
Zoning code
CB1
APN
331-54689-1-0001
UPID
US73-2288658
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
-
Nicole Schaub, MS Physician
-
Lancaster Sports Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$955k
Owner & transaction history
Bd Real Estate LLC · 2 yrs held
Bd Real Estate LLC
since 2023
7 recorded transactions
Zoning & alternative use
CB1 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+4.5%
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
$615,000
CAP Approach
CAP Return
Estimation
6%
$1,365,000
6.5%
$1,260,000
7%
$1,170,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,515,000
Current use
MEDICAL BUILDING
$1,580,000
Change: +5% · Conversion: Difficult
RESTAURANT
$1,420,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$137 / 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
$14,107
Tax year 2024
Assessed value
$356,500
Assessed 2024
Previous assessed
$356,500
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed improvement
$356,500
Improvement market value
$356,500
Total market value
$356,500
Applied tax rate
331.0000
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
1900
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
6,950 SF
Zoning code
CB1
APN
331-54689-1-0001
UPID
US73-2288658
Jurisdiction
LANCASTER
Zoning & alternative use
CB1 · Lancaster, PA
Zoning CB1 · permitted uses
CB1 · 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
RETAIL STORES Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.4M
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
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
1900
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Current owner
From public records · entity-resolved
Bd Real Estate LLC
Entity
Mailing address
50 W GRANT ST, LANCASTER, PA 17603-3802
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2024
—
Bd Real Estate LLC
—
Deed
related
$1,030,000 · S & T Bank
Dec 20, 2023
—
Bd Real Estate LLC
Hager Arcade Condominium Associatio
Deed
—
Sep 30, 2020
—
Bd Real Estate LLC
Redgreen 1 LLC
Correction Deed
related
—
May 29, 2019
$800,000
Redgreen 1 LLC
50 West Grant LLC
Deed
$980,000 · S & T Bank
—
—
Susan L Cabouli
—
Deed Of Trust
related
$115,000 · Sovereign Bank
—
—
50 West Grant LLC
—
Deed Of Trust
related
$25,000 · M & T Bank
—
—
50 West Grant LLC
—
Deed Of Trust
related
$292,000 · Sovereign Bank
—
—
50 West Grant LLC
—
Deed Of Trust
related
$223,000 · Sovereign Bank
—
—
50 West Grant LLC
—
Deed Of Trust
related
$325,000 · M & T 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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