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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Office Spaces
1046 Columbia Ave Lancaster, PA 17603-3156
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-5999803
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1924
Construction
BRICK
Total area
1,820 SF
Lot
0.39 ac (16,988 SF)
Zoning code
C-2
APN
340-58896-0-0000
UPID
US73-5999803
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
-
MJD SYStems LLC General Contractor
-
Circle of Trust Daycare Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$710k
Blend (final)
Blend
$725k
Owner & transaction history
Millhouse Solutions LLC · 1 yrs held
Millhouse Solutions LLC
since 2025
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
C-2 · Lancaster, PA
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
$710,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$470,000
Current use
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $600k (Jan 22 2025)
Last sale anchor
$600k
Jan 22 2025
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
$398 / 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
$7,051
Tax year 2024
Assessed value
$244,500
Assessed 2024
Previous assessed
$244,500
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$109,200
Assessed improvement
$135,300
Land market value
$109,200
Improvement market value
$135,300
Total market value
$244,500
Applied tax rate
340.0000
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
1924
Construction
BRICK
Heating
HOT WATER
Stories
2
Rooms
9
Bathrooms
2
Total area
1,820 SF
Lot
0.39 ac (16,988 SF)
Zoning code
C-2
APN
340-58896-0-0000
UPID
US73-5999803
Jurisdiction
LANCASTER
Zoning & alternative use
C-2 · Lancaster, PA
Zoning C-2 · permitted uses
C-2 · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$470,000
COMMERCIAL (GENERAL) Current
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
1924
Construction
BRICK
Heating
HOT WATER
Stories
2
Rooms
9
Bathrooms
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Millhouse Solutions LLC
Entity
Mailing address
241 W HUYARD RD, NEW HOLLAND, PA 17557-9373
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
$600,000
Millhouse Solutions LLC
Jns Group LLC
Deed
$480,000 · The Ephrata National Bank
Aug 5, 2016
$280,000
J N S Group LLC
Robert E Leed III
Deed
$180,000 · Fulton Bank NA
Jul 3, 2006
$285,000
Robert E Leed III
Chung,quyen Q
Warranty Deed
—
Apr 16, 2004
$172,500
Quyen Q Chung
Loss Investors
Grant Deed
$130,000 · Waypoint Bank
Sep 28, 2001
$140,000
Investors Loss
Zimmerl,arthur W
Grant Deed
—
—
—
Investors Loss
—
Deed Of Trust
related
$160,000 · Mellon Bank
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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