Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1242 Newport Rd Lititz, PA 17543-8872

    • Auto shops
    • 1,430 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1538183
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto shops

    Property Details for 1242 Newport Rd

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.24 lot acres
    Property size
    1,430 SF
    Zone code
    R-1
    Property type
    Auto shops
    APN
    600-17445-0-0000
    APU
    6001744500000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lititz
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.2593
    Latitude
    40.1536
    CBSA code
    29540
    CBSA name
    LANCASTER, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,584
    $49,500
    $82,300
    $131,800
    -
    $49,500
    $82,300
    $131,800

    Comparable in this City

    • Value Estimation
      $945,000
      150,893 SF

      48 Broad St

      AUTO REPAIR, GARAGE • 150,893 SF
      48 Broad St, Lititz, PA 17543-1050
      View Details
    • Value Estimation by Request
      3,456 SF

      247 28th Division Hwy

      AUTO REPAIR, GARAGE • 3,456 SF
      247 28th Division Hwy, Lititz, PA 17543-7997
      View Details
    • Value Estimation by Request
      3,944 SF

      126 28th Division Hwy

      AUTO REPAIR, GARAGE • 3,944 SF
      126 28th Division Hwy, Lititz, PA 17543-9601
      View Details
    • Value Estimation by Request
      3,360 SF

      755 28th Division Hwy

      AUTO REPAIR, GARAGE • 3,360 SF
      755 28th Division Hwy, Lititz, PA 17543-9684
      View Details
    • Value Estimation
      $920,000
      24,213 SF

      910 Brunnerville Rd

      AUTO REPAIR, GARAGE • 24,213 SF
      910 Brunnerville Rd, Lititz, PA 17543-8957
      View Details
    • Value Estimation by Request
      5,870 SF

      1248 Newport Rd

      AUTO REPAIR, GARAGE • 5,870 SF
      1248 Newport Rd, Lititz, PA 17543-8872
      View Details

    Similar Nearby for Sale

    • $1,150,000
      0.93 Acres

      Prime Commercial Property in Lititz

      High-visibility commercial property on Route 501 in thriving Lititz, PA.
      929 Lititz Pike, Lititz, PA 17543
      View Details
    • $1,170,000
      13,000 SF

      Lititz Retail Space: Prime Location

      High-traffic retail building, 13,000 sq ft.
      105 Warwick St, Lititz, PA 17543
      View Details
    • $250,000

      Established Rita's Franchise For Sale

      Long-standing Rita's franchise in Giant-anchored Lititz shopping center.
      46 Peters Rd, Lititz, PA 17543
      View Details
    • $250,000
      1 SF

      Lititz Shopping Center Investment

      Established Rita's Franchise, Prime Location
      46 Peters Rd, Lititz, PA 17543
      View Details
    • $995,000
      13,000 SF

      Retail Building Near Lititz Springs

      Freestanding retail building suitable for various commercial uses.
      105 Warwick St, Lititz, PA 17543
      View Details
    • $2,400,000
      9,200 SF

      Lititz Office/Retail Building For Sale

      9,200 SF office building on 0.96 acres in Lititz, PA.
      743 S Broad St, Lititz, PA 17543
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,773 SF

      Retail Space in Manheim Township

      Neighborhood retail center in Lititz, PA, suitable for various uses.
      1170 Erbs Quarry Rd, Lititz, PA 17543
      View Details
    • Contact for pricing
      284,494 SF

      Kissel Village Retail Space

      Lititz, PA retail space: 1,400-6,500 sq ft available.
      1040 Lititz Pike, Lititz, PA 17543
      View Details
    • Contact for pricing
      1,469 SF

      Retail Space in Lititz Center

      Retail space available in a well-located shopping center.
      235 Bloomfield Dr, Lititz, PA 17543
      View Details
    • Contact for pricing
      6,500 SF

      Retail Space in Lititz Pike

      Retail space anchored by Target and Giant Food Store.
      986 Lititz Pike, Lititz, PA 17543
      View Details
    • $12 SF/Yr
      36,542 SF

      Lititz Retail Center Opportunity

      Prime Lancaster County retail space available
      10-60 Copperfield Cir, Lititz, PA 17543
      View Details
    • Contact for pricing
      23,332 SF

      Lititz, PA Commercial Property

      Prime Lititz retail & office space available.
      1231 Erbs Quarry Rd, Lititz, PA 17543
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1242 Newport Rd
    Lititz, PA 17543-8872
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.