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Property profile & analytics
OFF-MARKET
Estimated value
$9,565,000
Office Spaces
1040 Commerce Dr Lancaster, PA 17601
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-3490385
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2012
Construction
STEEL FRAME
Total area
30,994 SF
Lot
39.98 ac (1,741,529 SF)
APN
290-08263-0-0000
UPID
US73-3490385
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
by Request
CAP Approach
CAP
$5.92M
Comparable Approach
Comparable
$9.85M
Blend (final)
Blend
$9.57M
Owner & transaction history
5100 Main Realty LP · 3 yrs held
5100 Main Realty LP
since 2023
7 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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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%
$6,415,000
6.5%
$5,920,000
7%
$5,500,000
Blend value · Realmo final
$9.57M
Range $8.61M – $10.52M · ±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
$309 / 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
$169,611
Tax year 2024
Assessed value
$7,848,600
Assessed 2024
Previous assessed
$7,848,600
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$4,059,000
Assessed improvement
$3,789,600
Land market value
$4,059,000
Improvement market value
$3,789,600
Total market value
$7,848,600
Applied tax rate
290.0000
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
2012
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
30,994 SF
Lot
39.98 ac (1,741,529 SF)
APN
290-08263-0-0000
UPID
US73-3490385
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
Building & site characteristics
From public records
Year built
2012
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
39.98 ac
Current owner
From public records · entity-resolved
5100 Main Realty LP
Entity
Mailing address
PO BOX 404, EAST PETERSBURG, PA 17520-0404
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2023
—
5100 Main Realty LP
—
Deed
related
$3,000,000 · S & T Bank
Aug 10, 2020
—
Americas Auto Auction Lancast
—
Deed
related
$192,968,125 · Nxt Cap
Mar 26, 2019
—
Americas Auto Auction Lancast
—
Deed
related
$191,200 · Nxt Cap
Mar 31, 2017
—
Americas Auto Auction Lancast
—
Deed
related
$191,200 · Nxt Cap
Feb 6, 2017
—
Americas Auto Auction Lancast
—
Grant Deed
related
$178,700,000 · Nxt Cap
—
—
Americas Auto Auction Lancast
—
Loan Modification
related
$191,200 · Nxt Cap
—
—
5100 Main Realty LP
—
Deed Of Trust
related
$200,000 · Integrity Bank
—
—
Americas Auto Auction Lancast
—
Loan Modification
related
$191,200 · Nxt Cap
—
—
Americas Auto Auction Lancast
—
Loan Modification
related
$192,968,125 · Nxt Cap
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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