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Property profile & analytics
OFF-MARKET
Estimated value
$4,950,000
Retail space
1008 Lancaster Pike Quarryville, PA 17566-9721
Trust Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0113866
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
WOOD FRAME
Total area
19,000 SF
Lot
2.87 ac (125,017 SF)
Zoning code
C/I
APN
170-54833-0-0000
UPID
US73-0113866
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
$5.92M
CAP Approach
CAP
$3.44M
Comparable Approach
Comparable
$4.74M
Blend (final)
Blend
$4.95M
Owner & transaction history
Realty Income Trust 4 · 5 yrs held
Realty Income Trust 4
since 2021
Last sale
$4.8M
5 recorded transactions
Zoning & alternative use
C/I · Quarryville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
VIII Highway Commercial District (C-2) § 420-801 Purpose and general regulations. § 420-802 Uses permitted by right and special exception. § 420-803 Area and bulk regulations. Article IX Commercial/Industrial District (C/I) § 420-901 Purpose and general regulations. § 420-902 Uses permitted by right and special exception. § 420-903 Area and bulk regulations.…
Zone name
Commercial Industrial
General category
INDUSTRIAL
Zone area
206.10 ac
Top alternative use upside
Commercial (general)
$4.6M
+51.5%
Restaurant
$3.9M
+25.7%
Medical building
$3.8M
+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 Quarryville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Quarryville 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
$5,910,000
ML approach
$5,920,000
CAP Approach
CAP Return
Estimation
6%
$3,725,000
6.5%
$3,440,000
7%
$3,195,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,065,000
Current use
COMMERCIAL (GENERAL)
$4,640,000
Change: +51% · Conversion: Easy
RESTAURANT
$3,850,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$3,830,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,165,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$4.95M
Range $4.46M – $5.45M · ±10% · vs last sale $4.85M (May 26 2021)
Last sale anchor
$4.85M
May 26 2021
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
$261 / 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
$33,223
Tax year 2024
Assessed value
$2,066,000
Assessed 2024
Previous assessed
$2,066,000
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$124,900
Assessed improvement
$1,941,100
Land market value
$124,900
Improvement market value
$1,941,100
Total market value
$2,066,000
Applied tax rate
170.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2016
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
19,000 SF
Lot
2.87 ac (125,017 SF)
Zoning code
C/I
APN
170-54833-0-0000
UPID
US73-0113866
Jurisdiction
LANCASTER
Zoning & alternative use
C/I · Quarryville, PAZoning C/I · permitted uses
C/I · Quarryville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
VIII Highway Commercial District (C-2) § 420-801 Purpose and general regulations. § 420-802 Uses permitted by right and special exception. § 420-803 Area and bulk regulations. Article IX Commercial/Industrial District (C/I) § 420-901 Purpose and general regulations. § 420-902 Uses permitted by right and special exception. § 420-903 Area and bulk regulations. Article X Park and Recreation District (PR) § 420-1001 Purpose and general regula
Zone name
Commercial Industrial
General category
INDUSTRIAL
Zone area
206.10 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$4.6M
RESTAURANT
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.2M
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
2016
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
2.87 ac
Current owner
From public records · entity-resolved
Realty Income Trust 4
Trust
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2021
$4,847,457
Realty Income Trust 4
Tkc Clxiv LLC
Special Warranty Deed
—
Mar 6, 2017
—
Tkc Clxiv LLC
—
Deed
related
$2,800,000 · Coastal FCU
Oct 27, 2015
$500,000
Tkc Clxiv LLC
Richard H Wenger
Deed
—
Feb 20, 2002
$115,000
Richard H Wenger
Parke Associates INC
Grant Deed
$103,500 · Parke Associates INC
—
—
Tkc Clxiv LLC
—
Deed Of Trust
related
$2,800,000 · Coastal FCU
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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