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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Office Spaces
120 Shippen St Lancaster, PA 17602-2926
Individually Owned
~
Est. High Equity
Property ID
US73-0311999
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1910
Construction
BRICK
Total area
3,462 SF
Lot
0.15 ac (6,534 SF)
Zoning code
R4
APN
332-49456-0-0000
UPID
US73-0311999
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
-
Reese Samley Wagenseller & Mcm: Longer Janice L M Law Firm
-
Reese Samley Wagenseller Mecum & Longer PC Law Firm Child Welfare Organization
-
Mecum Samuel M Law Firm
-
Wagenseller David E Law Firm
-
CASA of Lancaster and Lebanon Counties Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$952k
Blend (final)
Blend
$890k
Owner & transaction history
Casa Of Lancaster And Lebanon Count
Casa Of Lancaster And Lebanon Count
since 2025
7 recorded transactions
Zoning & alternative use
R4 · 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
$1,010,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$257 / 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
$9,192
Tax year 2024
Assessed value
$232,300
Assessed 2024
Previous assessed
$232,300
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$52,500
Assessed improvement
$179,800
Land market value
$52,500
Improvement market value
$179,800
Total market value
$232,300
Applied tax rate
332.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1910
Construction
BRICK
Heating
HOT WATER
Stories
1
Total area
3,462 SF
Lot
0.15 ac (6,534 SF)
Zoning code
R4
APN
332-49456-0-0000
UPID
US73-0311999
Jurisdiction
LANCASTER
Zoning & alternative use
R4 · Lancaster, PA
Zoning R4 · permitted uses
R4 · 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.
Building & site characteristics
From public records
Year built
1910
Construction
BRICK
Heating
HOT WATER
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Casa Of Lancaster And Lebanon Count
Individual
Mailing address
35 E ORANGE ST STE #202, LANCASTER, PA 17602-2801
Ownership since
2025
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
Nov 6, 2025
—
Casa Of Lancaster And Lebanon Count
—
Deed
related
$100,000 · S & T Bank
Sep 15, 2025
—
Casa Of Lancaster And Lebanon Count
Casa Of Lancaster County INC
Deed
—
Nov 2, 2021
$484,000
Casa Of Lancaster County INC
Sapient Management LLC
Deed
$384,000 · Sapient Management LLC
Feb 20, 2020
$375,000
Sapient Management LLC
Rps Real Estate LLC
Grant Deed
—
May 26, 2017
—
Rps Real Estate LLC
—
Deed
related
$140,000 · Union Cmnty Bk
May 16, 2002
$175,000
Rps Real Estate LLC
Lancaster Youth Fellowship In
Grant Deed
$140,000 · Farmers First Bank
—
—
Rps Real Estate LLC
—
Deed Of Trust
related
$140,000 · Union Cmnty Bk
—
—
Rps Real Estate LLC
—
Deed Of Trust
related
$138,000 · Susquehanna 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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