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Property profile & analytics
FOR LEASE
Retail space
1170 Erbs Quarry Rd, Lititz, PA 17543
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-4093798
For Lease
$685,000
1170 Erbs Quarry Rd, Lititz, PA 17543
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Construction
BRICK
Total area
6,678 SF
Lot
1.6 ac (69,696 SF)
Zoning code
R-1
APN
390-78472-0-0000
UPID
US73-4093798
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$724k
Blend (final)
Blend
$685k
Owner & transaction history
Mary Realty LLC · 3 yrs held
Mary Realty LLC
since 2022
Last sale
$598,500
5 recorded transactions
Zoning & alternative use
R-1 · Lititz, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+3.3%
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 Lititz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lititz 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
$780,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,075,000
Current use
AUTO REPAIR, GARAGE
$1,110,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $599k (Oct 27 2022)
Last sale anchor
$599k
Oct 27 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
$103 / 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
$32,352
Tax year 2024
Assessed value
$1,495,200
Assessed 2024
Previous assessed
$1,495,200
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$201,600
Assessed improvement
$1,293,600
Land market value
$201,600
Improvement market value
$1,293,600
Total market value
$1,495,200
Applied tax rate
390.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2014
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
6,678 SF
Lot
1.6 ac (69,696 SF)
Zoning code
R-1
APN
390-78472-0-0000
UPID
US73-4093798
Jurisdiction
LANCASTER
Zoning & alternative use
R-1 · Lititz, PA
Zoning R-1 · permitted uses
R-1 · Lititz, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lititz. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
2014
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.6 ac
Current owner
From public records · entity-resolved
Mary Realty LLC
Entity
Mailing address
760 GOOSE NCK DR, LITITZ, PA 17543-6629
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
$598,500
Mary Realty LLC
Brighton Commercial Limited Partner
Deed
$4,788,000 · Bank Of Bird In Hand
Jan 23, 2020
—
Brighton Village Center LP
—
Deed
related
$2,500,000 · Mid Penn Bank
May 31, 2013
—
Brighton Village Center LP
—
Grant Deed
related
$1,556,000 · Metropolitan Bank
May 17, 2011
$319,600
Brighton Village Center LP
Brighton Land Co
Grant Deed
—
Aug 18, 2004
$205,000
Kleinsasser,ted & Ellen
Regopoulos,paul K III & Terri E
Grant Deed
$143,500 · Alliance Bancorp
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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