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Property profile & analytics
FOR LEASE
Manufacturing properties
1103 Ranck Mill Rd, Lancaster, PA 17602
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-5786534
For Lease
1 / 3
$6 SF/Yr
1103 Ranck Mill Rd, Lancaster, PA 17602
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1965
Construction
STEEL FRAME
Total area
103,977 SF
Lot
7.87 ac (342,817 SF)
Zoning code
CM
APN
336-84190-0-0000
UPID
US73-5786534
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
-
Ace Rents Inc Hotel & Motel Resort
-
Weinstein Supply Plumbing Service Building Supply
-
Topline Heating & Air HVAC Service General Contractor
-
L&W Supply – Lancaster, PA Big Box & Wholesale Store Building Supply
-
Keystone Garage Door Repairs Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.29M
CAP Approach
CAP
$8.91M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.05M
Owner & transaction history
Ranck Mill Holdings LLC · 4 yrs held
Ranck Mill Holdings LLC
since 2022
Last sale
$6.9M
7 recorded transactions
Zoning & alternative use
CM · 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
$8,355,000
ML approach
$9,290,000
CAP Approach
CAP Return
Estimation
6%
$9,650,000
6.5%
$8,910,000
7%
$8,275,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,900,000
Current use
Blend value · Realmo final
$8.05M
Range $7.25M – $8.86M · ±10% · vs last sale $6.85M (Mar 9 2022)
Last sale anchor
$6.85M
Mar 9 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
$77 / 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
$138,114
Tax year 2024
Assessed value
$3,490,400
Assessed 2024
Previous assessed
$3,490,400
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$712,200
Assessed improvement
$2,778,200
Land market value
$712,200
Improvement market value
$2,778,200
Total market value
$3,490,400
Applied tax rate
336.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1965
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
103,977 SF
Lot
7.87 ac (342,817 SF)
Zoning code
CM
APN
336-84190-0-0000
UPID
US73-5786534
Jurisdiction
LANCASTER
Zoning & alternative use
CM · Lancaster, PA
Zoning CM · permitted uses
CM · 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
INDUSTRIAL (GENERAL) Current
Est. value
$11.9M
INDUSTRIAL (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
1965
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
7.87 ac
Current owner
From public records · entity-resolved
Ranck Mill Holdings LLC
Entity
Mailing address
13 RADIANT HL, LAKEWOOD, NJ 08701-4988
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2022
$6,850,000
Ranck Mill Holdings LLC
Ranck Mill Road Real Estate LLC
Deed
$4,830,000 · Lakeland Bank
Oct 5, 2016
$1,900,000
Ranck Mill Road Real Estate LLC
Allen L Morehead
Deed
$4,480,000 · First National Bank Of Pennsylvania
Apr 7, 2005
—
Allen L Morehead
—
Trustees Deed
related
$800,000 · Union National Community Bank
Mar 19, 2004
$2,000,000
Allen L Morshead
Thomson 60 Casa LLC
Grant Deed
$800,000 · Union National Community Bank
—
—
Allen L Morehead
—
Deed Of Trust
related
$975,000 · Metropolitan Bank
—
—
Allen L Morehead
—
Deed Of Trust
related
$150,000 · Union National Community Bank
—
—
Allen L Morehead
—
Deed Of Trust
related
$150,000 · Union National Community 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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