Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1106 Millersville Pike Lancaster, PA 17603-6612
    Back to Search
    Property profile & analytics

    1106 Millersville Pike, Lancaster, PA 17603-6612

    View on Map
    • Day care centers
    • 4,844 SF
    • 0.40 lot acres
    Off-Market
    Property ID
    US73-5736234
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Big Wash / (Bike/Boat/Book/etc) Store

    Property Details for 1106 Millersville Pike

    Year built
    1974
    Construction
    FRAME
    Lot size
    0.40 lot acres
    Zone code
    C-3
    Property type
    Day care centers
    APN
    340-92519-0-0000
    APU
    3409251900000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 27, 2018 — Ly Mann Lee,tac Grant Deed $312k · Mann Ly
    May 19, 2017 $315,000 Tac Lee Kreuter Kinder LLC Grant Deed —
    Aug 8, 2007 $295,000 Kreuter Kinder LLC Sheriff Of Lancaster County Trustees Deed · related —
    Jun 2, 2004 $350,000 Lancaster Home Team LLC Gianopoulos,constantine A & Leslie Grant Deed $280k · Blue Ball National Bank
    — — Lancaster Home Team LLC — Deed Of Trust · related $100k · Blue Ball National Bank
    — — Lancaster Home Team LLC — Deed Of Trust · related $28k · Blue Ball National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.3236
    Latitude
    40.0289
    CBSA code
    29540
    CBSA name
    LANCASTER, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,427
    $112,000
    $318,900
    $430,900
    -
    $112,000
    $318,900
    $430,900

    Comparable in this City

    • Value Estimation by Request
      1,772 SF

      325 Queen St

      DAY CARE, PRE-SCHOOL
      325 Queen St, Lancaster, PA 17603-5343
      View Details
    • Value Estimation by Request
      6,090 SF

      415 Queen St

      DAY CARE, PRE-SCHOOL
      415 Queen St, Lancaster, PA 17603-5617
      View Details
    • Value Estimation
      $1,950,000
      36,880 SF

      417 Frederick St

      DAY CARE, PRE-SCHOOL
      417 Frederick St, Lancaster, PA 17603-2804
      View Details
    • Value Estimation by Request
      3,379 SF

      146 Queen St

      DAY CARE, PRE-SCHOOL
      146 Queen St, Lancaster, PA 17603
      View Details
    • Value Estimation by Request
      6,624 SF

      150 Queen St

      DAY CARE, PRE-SCHOOL
      150 Queen St, Lancaster, PA 17603-5318
      View Details
    • Value Estimation by Request
      1,976 SF

      9 Eisenhower Blvd

      DAY CARE, PRE-SCHOOL
      9 Eisenhower Blvd, Lancaster, PA 17603-4307
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,928 SF

      Lancaster County NNN Investment Opportunity

      NNN investment property with potential for long-term lease.
      309 Harrisburg Ave, Lancaster, PA 17603
      View Details
    • Contact for pricing
      2,458 SF

      Lancaster Mavis Auto Shop For Sale

      NNN leased Mavis auto shop in Lancaster, Pennsylvania.
      1655 Columbia Ave, Lancaster, PA 17603
      View Details
    • $699,900

      Lancaster Commercial Property for Sale

      Commercial property available on West Orange Street, Lancaster.
      110 W Orange St, Lancaster, PA 17603
      View Details
    • Contact for pricing
      Pending

      Fully Leased Multifamily Property

      Eleven-unit property with apartments and boarding rooms in downtown Lancaster.
      464 Manor St, Lancaster, PA 17603
      View Details
    • $3,525,000
      24,000 SF

      Lancaster Warehouse Property for Sale

      24,000 sqft warehouse property available in Lancaster, Pennsylvania.
      209 Hazel St, Lancaster, PA 17603
      View Details
    • Contact for pricing
      77,294 SF

      Downtown Lancaster Landmark Building

      Iconic 3-story building in the heart of Lancaster City.
      100 N Queen St, Lancaster, PA 17603
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      PA, Lancaster - North Queen St

      Discover many ways to work your way in MO, Ellisville - Manchester Rd
      50-54 Queen St, Lancaster, PA 17603
      View Details
    • $75,600

      Lancaster Commercial Space for Rent

      Commercial space available in Lancaster, Pennsylvania.
      354 N Prince St, Lancaster, PA 17603
      View Details
    • $85,000

      Lancaster Commercial Space For Rent

      Commercial space available on West Chestnut Street in Lancaster, PA.
      213 W Chestnut St, Lancaster, PA 17603
      View Details
    • Contact for pricing

      Commercial Space for Rent

      Commercial space available for rent at 9 West Grant Street.
      9 West Grant St, Lancaster, PA 17603
      View Details
    • $14 SF/Yr
      2,400 SF

      Lancaster Office Suite for Lease

      Prime Lancaster location, 2400 sq ft office
      226 Arch St, Lancaster, PA 17603
      View Details
    • Contact for pricing
      3,500 SF

      Lancaster City Versatile Leasing Opportunity

      Prime property with retail, office, and warehouse spaces for lease.
      220 Hazel St, Lancaster, PA 17603
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1106 Millersville Pike
    Lancaster, PA 17603-6612
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1106 Millersville Pike, Lancaster, PA, 17603
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!