Technical
Financial
Distress signals
Property profile

120 Shippen St Lancaster, PA 17602

OFF-MARKET
Office Spaces
Property ID
US73-0311999
3,462 SF 0.15 ac lot Built 1910
Individually Owned ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm Child Welfare Organization
  • Law Firm
  • Law Firm
  • Charitable Organization Social Service Agency

Location

120 Shippen St Lancaster, PA 17602-2926
Lancaster metro Census 700 LANCASTER, PA METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2025
7 recorded transactions
2025
Price N/A
2025
Price N/A
2021
$484,000
2020
$375,000
2017
Price N/A
2002
$175,000
1969
Price N/A

Zoning & alternative use

R4 · Lancaster, PA
Zoning description

materials and design. See also § 300-42I , which may require a larger sight triangle for a parking lot. Maximum Height of Fences, Walls and Hedges Height Limitations Measured from Grade Residential Districts R1, R2, R3,…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 120 Shippen St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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