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Property profile & analytics
OFF-MARKET
Estimated value
$7,415,000
Distribution centers
107 Pitney Rd Lancaster, PA 17602-2615
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2545656
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1955
Construction
STEEL FRAME
Total area
189,287 SF
Lot
14.13 ac (615,503 SF)
Zoning code
I
APN
310-42655-0-0000
UPID
US73-2545656
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
-
Way Delivery Services Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.60M
Blend (final)
Blend
$7.42M
Owner & transaction history
107 Pitney Road LLC · 3 yrs held
107 Pitney Road LLC
since 2022
Last sale
$6.3M
3 recorded transactions
Zoning & alternative use
I · 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
$7,620,000
ML approach
$8,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.42M
Range $6.67M – $8.16M · ±10% · vs last sale $6.25M (Sep 29 2022)
Last sale anchor
$6.25M
Sep 29 2022
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
$39 / 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
$76,283
Tax year 2024
Assessed value
$3,767,900
Assessed 2024
Previous assessed
$3,767,900
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$1,745,900
Assessed improvement
$2,022,000
Land market value
$1,745,900
Improvement market value
$2,022,000
Total market value
$3,767,900
Applied tax rate
310.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1955
Construction
STEEL FRAME
Heating
STEAM
Cooling
AC.PACKAGE
Stories
1
Total area
189,287 SF
Lot
14.13 ac (615,503 SF)
Zoning code
I
APN
310-42655-0-0000
UPID
US73-2545656
Jurisdiction
LANCASTER
Zoning & alternative use
I · Lancaster, PA
Zoning I · permitted uses
I · 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.
Building & site characteristics
From public records
Year built
1955
Construction
STEEL FRAME
Heating
STEAM
Cooling
Yes
Stories
1
Lot
14.13 ac
Current owner
From public records · entity-resolved
107 Pitney Road LLC
Entity
Mailing address
107 PITNEY RD, LANCASTER, PA 17602-2615
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
$6,250,000
107 Pitney Road LLC
Way Services INC
Deed
$5,000,000 · Wilmington Savings Fund Society Fsb
Feb 1, 2022
$5,300,000
Way Services INC
Pitney Road Industrial LLC
Special Warranty Deed
$5,000,000 · 5100 Main Reality LP
Dec 31, 2020
$2,000,000
Pitney Road Industrial LLC
Flexsteel Industries INC
Deed
$1,000,000 · American 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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