1009 Prince St Lancaster, PA 17603-2735
Entity Owned
6-yr Hold
~
Est. High Equity
Estimated value (blended)
$3.33M
Range $2.99M – $3.66M (±10%)
Property ID
US73-1034935
Property profile
Verified
Property type
Other commercial real estate
Use group
AUTO REPAIR, GARAGE
Year built
1967
Construction
STEEL FRAME
Total area
21,831 SF
Lot
2.7 ac (117,612 SF)
Zoning code
CM
APN
339-61429-0-0000
UPID
US73-1034935
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tour Operator
-
Car Dealership
-
Auto Repair Shop
-
(Bike/Boat/Book/etc) Store
-
Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.89M
Blend (final)
Blend
$3.33M
Owner & transaction history
since 2020
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
CM · Lancaster, PA
Top alternative use upside
Medical building
$5.0M
+48.4%
Retail stores
$4.8M
+41.9%
Restaurant
$4.5M
+33.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.33M
Value range
$2.99M – $3.66M
±10% around blend
Estimated value / SF
$152 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$2.99M
blend $3.33M
$3.66M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
21,831 SF
Lot area
2.7 ac
Year built
1967
Stories
1
APN
339-61429-0-0000
Assessed value
$2,083,600
Annual tax
$82,447
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$3.89M
Range $1.90M – $4.78M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.33M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 42 sales
$153
-1%
County 141 sales
$167
-9%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $152/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+48%
vs current-use indication
Retail Stores
Restaurant
Warehouse, Storage
Auto Repair, Garage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.24M
Move the market yield to see immediate price impact.
Value / SF
$103
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$141k
$2.83M
$2.02M
$1.57M
$157k
$3.14M
$2.24M
$1.74M
$173k
$3.45M
$2.47M
$1.92M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$82,447
Tax year 2024
Assessed value
$2,083,600
Assessed 2024
Previous assessed
$2,083,600
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$282,000
Assessed improvement
$1,801,600
Land market value
$282,000
Improvement market value
$1,801,600
Total market value
$2,083,600
Applied tax rate
339.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1967
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
3
Stories
1
Total area
21,831 SF
Lot
2.7 ac (117,612 SF)
Zoning code
CM
APN
339-61429-0-0000
UPID
US73-1034935
Jurisdiction
LANCASTER
Zoning & alternative use
CM · Lancaster, PAZoning CM · permitted uses
CM · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Lot
2.7 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CM
Jurisdiction
Lancaster, PA
Recorded code
CM
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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