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Property profile & analytics
OFF-MARKET
Estimated value
$2,145,000
Commercial real estate
111 Centerville Rd Lancaster, PA 17603-4005
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-5438946
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1987
Construction
WOOD FRAME
Total area
13,500 SF
Lot
1 ac (43,560 SF)
Zoning code
CC
APN
290-99100-0-0000
UPID
US73-5438946
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
-
EZMarketing Marketing & Advertising (Bike/Boat/Book/etc) Store
-
EZSolution Tech Support Center (Bike/Boat/Book/etc) Store
-
Team First Fed Credit Union Credit Union
-
EZComputer Solutions Tech Support Center (Bike/Boat/Book/etc) Store
-
Previews Property Specialists Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.58M
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$2.15M
Owner & transaction history
East Hempfield Township · 5 yrs held
East Hempfield Township
since 2021
7 recorded transactions
Zoning & alternative use
CC · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,795,000
6.5%
$2,580,000
7%
$2,395,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,500,000
Current use
MEDICAL BUILDING
$3,075,000
Change: -12% · Conversion: Easy
RETAIL STORES
$2,940,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.15M
Range $1.93M – $2.36M · ±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
$159 / 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
$1,714
Tax year 2024
Assessed value
$79,300
Assessed 2024
Previous assessed
$79,300
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$75,000
Assessed improvement
$4,300
Land market value
$75,000
Improvement market value
$4,300
Total market value
$79,300
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1987
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
13,500 SF
Lot
1 ac (43,560 SF)
Zoning code
CC
APN
290-99100-0-0000
UPID
US73-5438946
Jurisdiction
LANCASTER
Zoning & alternative use
CC · Lancaster, PA
Zoning CC · permitted uses
CC · 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
$3.5M
MEDICAL BUILDING
Est. value
$3.1M
RETAIL STORES
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
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
1987
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
East Hempfield Township
Individual
Mailing address
111 CENTERVILLE RD, LANCASTER, PA 17603-4005
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2021
—
East Hempfield Township
Centerville Com Plaza Condo Owners
Deed
—
Sep 19, 2008
$575,000
Ericson & Malesic Holdings LLC
111 Center LLC
Grant Deed
$569,655 · Union National Community Bank
Nov 8, 2006
$1,050,000
111 Center LLC
Slaugh Cooper & Kindbom Partnership
Deed
$1,050,000 · Manufacturers & Traders Trust Co
Sep 24, 2002
$224,900
Steven R Kadsand
Zook,curtis Hc
Grant Deed
—
—
—
Ericson & Malesic Holdings LLC
—
Deed Of Trust
related
$262,000 · Edc Financial Corp
—
—
Cooper Slaugh
—
Deed Of Trust
related
$525,000 · Bank Of Lancaster County NA
—
—
Cooper Slaugh
—
Deed Of Trust
related
$225,000 · Bank Of Lancaster County NA
—
—
Ericson & Malesic Holdings LLC
—
Deed Of Trust
related
$316,475 · 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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