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Property profile & analytics
OFF-MARKET
Estimated value
$12,640,000
Retail space
10 Prince St Lancaster, PA 17603-3951
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-5847502
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
65,423 SF
Lot
0.56 ac (24,394 SF)
APN
334-22276-0-0000
UPID
US73-5847502
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
-
Stevens House Condominiums Apartment Building
-
10 Prince Apartments Apartment Complex
-
Radiovision Cristiana Inc Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.85M
Comparable Approach
Comparable
$16.65M
Blend (final)
Blend
$12.64M
Owner & transaction history
Royersford Gardens Ltd Partnership · 6 yrs held
Royersford Gardens Ltd Partnership
since 2019
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.0M
+19.0%
Medical building
$14.9M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$12,830,000
6.5%
$11,845,000
7%
$11,000,000
Alternative Use
Use
Estimation
RETAIL STORES
$14,245,000
Current use
COMMERCIAL (GENERAL)
$16,955,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$14,895,000
Change: +5% · Conversion: Difficult
RESTAURANT
$13,365,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$12.64M
Range $11.38M – $13.90M · ±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
$193 / 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
$189,574
Tax year 2024
Assessed value
$4,790,900
Assessed 2024
Previous assessed
$4,790,900
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$280,000
Assessed improvement
$4,510,900
Land market value
$280,000
Improvement market value
$4,510,900
Total market value
$4,790,900
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
1965
Heating
HEAT PUMP
Cooling
YES
Total area
65,423 SF
Lot
0.56 ac (24,394 SF)
APN
334-22276-0-0000
UPID
US73-5847502
Jurisdiction
LANCASTER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.2M
COMMERCIAL (GENERAL)
Est. value
$17.0M
MEDICAL BUILDING
Est. value
$14.9M
RESTAURANT
Est. value
$13.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1965
Heating
HEAT PUMP
Cooling
Yes
Lot
0.56 ac
Current owner
From public records · entity-resolved
Royersford Gardens Ltd Partnership
Entity
Free & Clear · 6 yrs held
Mailing address
950 W VLY RD STE #2500, WAYNE, PA 19087-1846
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2023
—
Royersford Gardens Ltd
—
Deed
related
$11,570,000 · Greystone Servicing Company LLC
Aug 20, 2019
—
Royersford Gardens Ltd Partnership
Royersford Gardens Ltd Partnership
Deed
related
—
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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