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Financial
Distress signals
Property profile

1023 Ranck Ml Rd Lancaster, PA 17602

OFF-MARKET
Auto shops
Property ID
US73-1612219
4,120 SF 0.31 ac lot Built 1966
Last sale Feb 2025 · $575,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This industrial property at 1023 Ranck Mill Rd in Lancaster, Pennsylvania is configured as a single-tenant building and contains 4,225 square feet of space. The building is categorized as an industrial specialty property, intended to function as a dedicated facility for an operating business. No further details regarding interior layout, site features, or building systems were provided in the available description.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$7k
Tax billed · 2024
Assessed value$176k
Assessed land$67k
Assessed improvement$109k
Effective rate3.96%

Value estimate

· Oct 2026
$680k
$612k – $748k
AI approach$620k
Submarket $/SF estimate$379k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$153/SF
Submarket average, outlier-cleaned · 42 recorded sales of this use type
Observed band · Q1–Q3$87 – $219
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CM
The CM District includes historical manufacturing or industrial areas of the City, many of which are located in close proximity to reside...
General categoryINDUSTRIAL
JurisdictionLANCASTER

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency41.3
Dental Office36.3
Law Firm27.9

Location

1023 Ranck Ml Rd Lancaster, PA 17602-2519
County assessor Recorded deeds · 3 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
470 Franklin, Lancaster, PA 17602-2409 $795,000 Apr 2025 3,731 SF
1037 Duke, Lancaster, PA 17602 $225,000 Mar 2025 3,500 SF
2089 Lincoln E, Lancaster, PA 17602-3328 $610,000 Jan 2025 3,296 SF
2372 Rockvale, Lancaster, PA 17602-1436 $223,000 Nov 2024 2,978 SF
2070 Lincoln E, Lancaster, PA 17602-3329 $959,000 Nov 2021 3,990 SF
620 Mifflin, Lancaster, PA 17602-3722 $150,000 Feb 2019 3,280 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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