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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Warehouses
120 Rider Ave Lancaster, PA 17603-4831
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US73-2560080
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,668 SF
Lot
1.5 ac (65,340 SF)
Zoning code
O/P
APN
340-25171-0-0000
UPID
US73-2560080
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
-
Cambridge Lancaster Medical Clinic
-
Pediatric Specialty Care at Lancaster Medical Clinic
-
Stailey-Sims Mary K DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.22M
Owner & transaction history
120 Rider Avenue LP · 12 yrs held
120 Rider Avenue LP
since 2014
7 recorded transactions
Zoning & alternative use
O/P · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+55.1%
Medical building
$1.7M
+36.3%
Retail stores
$1.7M
+30.4%
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%
$1,225,000
6.5%
$1,130,000
7%
$1,050,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,280,000
Current use
COMMERCIAL (GENERAL)
$1,985,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$1,745,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$1,670,000
Change: +30% · Conversion: Moderate
RESTAURANT
$1,565,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,175,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$158 / 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
$131,653
Tax year 2024
Assessed value
$4,565,000
Assessed 2024
Previous assessed
$4,565,000
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$287,500
Assessed improvement
$4,277,500
Land market value
$287,500
Improvement market value
$4,277,500
Total market value
$4,565,000
Applied tax rate
340.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
3
Total area
7,668 SF
Lot
1.5 ac (65,340 SF)
Zoning code
O/P
APN
340-25171-0-0000
UPID
US73-2560080
Jurisdiction
LANCASTER
Zoning & alternative use
O/P · Lancaster, PA
Zoning O/P · permitted uses
O/P · 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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
3
Lot
1.5 ac
Current owner
From public records · entity-resolved
120 Rider Avenue LP
Entity
Mailing address
120 RIDER AVE LP 500TH SENECA ST STE #100, BUFFALO, NY 14204
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
—
2900 Johnson Street Operating Compa
—
Deed
related
$17,500,000 · Bankwell Bank
Jun 23, 2014
$9,993,370
120 Rider Avenue LP
Cambridge Colonial Properties LP
Deed
—
Dec 29, 2010
—
Cambridge Colonial Props LP
—
Deed Of Trust
related
$4,450,000 · Beneficial Mutual Savings
May 29, 2008
—
Cambridge Colonial Props
—
Deed Of Trust
related
$3,000,000 · Beneficial Mutual Savings
Nov 8, 2006
—
Cambridge Colonial Props
Cambridge Colonial Props
Quit Claim Deed
—
Feb 22, 2005
$1,000,000
Cambridge Colonial Props
Winter Medical Building INC
Grant Deed
$3,000,000 · Beneficial Savings Bank
—
—
Cambridge Colonial Props
—
Deed Of Trust
related
$700,000 · Winter Medical Building INC
—
—
Cambridge Colonial Props
—
Deed Of Trust
related
$1,450,000 · Beneficial Mutual Savings
—
—
Cambridge Colonial Props
—
Deed Of Trust
related
$700,000 · Winter Medical Building INC
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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