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Property profile & analytics
OFF-MARKET
Estimated value
$10,645,000
Office Spaces
1021 Commercial Ave, East Petersburg, PA 17520-1601
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-5077521
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1970
Construction
STEEL FRAME
Total area
52,129 SF
Lot
7.33 ac (319,295 SF)
APN
290-06384-0-0000
UPID
US73-5077521
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
-
Richter Precision Inc Industrial Manufacturer Production Facility
-
EXCELVAC, Inc. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.96M
Comparable Approach
Comparable
$13.10M
Blend (final)
Blend
$10.65M
Owner & transaction history
J Hans Richter · 9 yrs held
J Hans Richter
since 2016
5 recorded transactions
Zoning & alternative use
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 East Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Petersburg 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%
$10,790,000
6.5%
$9,960,000
7%
$9,250,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,730,000
Current use
RESTAURANT
$10,565,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$10,505,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$10.65M
Range $9.58M – $11.71M · ±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
$204 / 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
$94,340
Tax year 2024
Assessed value
$4,365,500
Assessed 2024
Previous assessed
$4,365,500
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$688,000
Assessed improvement
$3,677,500
Land market value
$688,000
Improvement market value
$3,677,500
Total market value
$4,365,500
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
3
Total area
52,129 SF
Lot
7.33 ac (319,295 SF)
APN
290-06384-0-0000
UPID
US73-5077521
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
COMMERCIAL (GENERAL) Current
Est. value
$12.7M
RESTAURANT
Est. value
$10.6M
MEDICAL BUILDING
Est. value
$10.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
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
1970
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Buildings
3
Lot
7.33 ac
Current owner
From public records · entity-resolved
J Hans Richter
Individual
Mailing address
1021 COMMERCIAL AVE, EAST PETERSBURG, PA 17520-1601
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Jun 13, 2024
—
J Hans Richter
—
Deed
related
$2,500,000 · Fulton Bank NA
Dec 8, 2016
—
J Hans Richter
J Hans Richter
Intrafamily Transfer
related
$3,452,175 · First Nat'l Bk/pa
Jun 3, 2013
$925,000
1021 Commercial LLC
Deerwood Property Holdings LP
Grant Deed
$692,750 · Metro Bk
Mar 10, 2010
—
Richter,j Hans & Carolyn M
—
Grant Deed
related
$1,680,000 · Metro Bk
—
—
J Hans
—
Loan Modification
related
$3,452,175 · First Nat'l Bk/pa
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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