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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Manufacturing properties
1005 Willow St Pike, Lancaster, PA 17602-4655
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US73-0067543
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,591 SF
Lot
1.7 ac (74,052 SF)
Zoning code
IM
APN
320-66377-0-0000
UPID
US73-0067543
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
-
Signature Stone General Contractor
-
Hess Group General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$565k
Blend (final)
Blend
$630k
Owner & transaction history
Jeffrey B Hess · 22 yrs held
Jeffrey B Hess
since 2004
7 recorded transactions
Zoning & alternative use
IM · Lancaster, 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
$510,000
CAP Approach
CAP Return
Estimation
6%
$890,000
6.5%
$820,000
7%
$765,000
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$66 / 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
$12,732
Tax year 2024
Assessed value
$575,500
Assessed 2024
Previous assessed
$575,500
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$121,000
Assessed improvement
$454,500
Land market value
$121,000
Improvement market value
$454,500
Total market value
$575,500
Applied tax rate
320.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
9,591 SF
Lot
1.7 ac (74,052 SF)
Zoning code
IM
APN
320-66377-0-0000
UPID
US73-0067543
Jurisdiction
LANCASTER
Zoning & alternative use
IM · Lancaster, PA
Zoning IM · permitted uses
IM · 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.
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Jeffrey B Hess
Individual
Mailing address
2113 MILLCREEK RD, LANCASTER, PA 17602-4748
Ownership since
2004
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
Nov 30, 2020
—
Jeffrey B Hess
—
Deed
related
$452,000 · Acnb Bank
Nov 28, 2017
—
Jeffrey B Hess
—
Deed
related
$233,000 · Fulton Bank NA
Apr 17, 2017
—
Jeffrey B Hess
—
Deed
related
$233,000 · Fulton Bank NA
Jun 16, 2004
$310,000
Jeffrey B Hess
Horn,gerald T & Shirley A
Grant Deed
$160,000 · Fulton Bank
—
—
Jeffrey B Hess
—
Deed Of Trust
related
$200,000 · Fulton Bank
—
—
Jeffrey B Hess
—
Deed Of Trust
related
$100,000 · Fulton Bank
—
—
Jeffrey B Hess
—
Deed Of Trust
related
$100,000 · Fulton Bank
—
—
Jeffrey B Hess
—
Deed Of Trust
related
$150,000 · Fulton Bank
—
—
Jeffrey B Hess
—
Deed Of Trust
related
$200,000 · Edc Financial Corp
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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