Property profile

1023 Ranck Mill Rd Lancaster, PA 17602

FOR LEASE
Auto shops
Property ID
US73-1612219
4,120 SF 0.31 ac lot Built 1966
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,225-square-foot freestanding commercial building presents a rare opportunity. Currently fully vacant, this property offers a versatile blend of warehouse/shop and office/showroom space, ideal for a variety of businesses. The building boasts significant recent improvements completed in 2018, including new roofs, a finished office shell equipped with a new heat pump, an ADA-compliant restroom, and a handicap-accessible ramp. The property features three individual 200-amp electrical services, including 3-phase power, ensuring ample capacity for diverse operational needs. Conveniently located just half a mile from Routes 30 and 222, this location offers excellent accessibility and visibility. The 0.31-acre lot provides ample space, and the property includes 12 parking spaces. The building features 10'11" ceilings and three dock-high doors for efficient loading and unloading. The zoning is CM - Central Manufacturing, allowing for flexible usage. The lease rate is $3,700 NNN monthly, inclusive of real estate taxes, which totaled $7,030.22 for 2024/2025. Utilities include public water and a septic sewer system. This property is zoned CM - Central Manufacturing. The APN is 336-27797-0-0000, located in Lancaster County.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1966
Construction FRAME
Total area 4,120 SF
Lot 0.31 ac (13,504 SF)
Zoning code CM
APN 336-27797-0-0000
UPID US73-1612219

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
  • Hardware & Home Improvement Kitchen & Bath Showroom

Location

1023 Ranck Mill Rd Lancaster, PA 17602
Lancaster metro Census 13400 LANCASTER, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$620k
CAP Approach CAP
by Request
Comparable Approach Comparable
$379k
Blend (final) Blend
$680k

Owner & transaction history

since 2025
Last sale
$575,000
3 recorded transactions
2025
$575,000
2013
$7,763
2008
$440,000

Zoning & alternative use

CM · Lancaster, PA
Zoning description

arger sight triangle for a parking lot. Maximum Height of Fences, Walls and Hedges Height Limitations Measured from Grade Residential Districts R1, R2, R3, R4, RO, MU (feet) Nonresidential Districts C1, C2, C3, CB, CB1,…

General category INDUSTRIAL
Top alternative use upside
Medical building $940,000 +48.4%
Retail stores $760,000 +20.3%
Warehouse, storage $720,000 +14.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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