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Property profile & analytics
OFF-MARKET
Estimated value
$19,085,000
Distribution centers
129 Tree Dr Lancaster, PA 17603-4081
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-1464158
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
237,500 SF
Lot
9.4 ac (409,464 SF)
Zoning code
I-1
APN
290-69185-0-0000
UPID
US73-1464158
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
by Request
CAP Approach
CAP
$24.71M
Comparable Approach
Comparable
$20.14M
Blend (final)
Blend
$19.09M
Owner & transaction history
129 South Tree LP · 10 yrs held
129 South Tree LP
since 2015
7 recorded transactions
Zoning & alternative use
I-1 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$26,770,000
6.5%
$24,710,000
7%
$22,945,000
Blend value · Realmo final
$19.09M
Range $17.18M – $20.99M · ±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
$80 / 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
$98,511
Tax year 2024
Assessed value
$4,558,500
Assessed 2024
Previous assessed
$4,558,500
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$1,106,000
Assessed improvement
$3,452,500
Land market value
$1,106,000
Improvement market value
$3,452,500
Total market value
$4,558,500
Applied tax rate
290.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
237,500 SF
Lot
9.4 ac (409,464 SF)
Zoning code
I-1
APN
290-69185-0-0000
UPID
US73-1464158
Jurisdiction
LANCASTER
Zoning & alternative use
I-1 · Lancaster, PA
Zoning I-1 · permitted uses
I-1 · 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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
9.4 ac
Current owner
From public records · entity-resolved
129 South Tree LP
Entity
Mailing address
129 S TREE LP 1650TH MANHEIM PIKE STE #201, LANCASTER, PA 17601
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2020
—
129 South Tree LP
—
Deed
related
$5,330,000 · Fulton Bank NA
Sep 2, 2015
—
129 South Tree LP
Lebowitz Associates LP
Deed
$5,090,600 · Fulton Bank NA
Nov 26, 2003
$4,100,000
Lebowitz Associates LP
D Kasun Associates
Grant Deed
—
—
—
Lebowitz Associates LP
—
Deed Of Trust
related
$700,000 · Fulton Bank
—
—
Lebowitz Associates
—
Deed Of Trust
related
$700,000 · Fulton Bank
—
—
Lebowitz Associates
—
Deed Of Trust
related
$600,000 · Fulton Bank
—
—
Lebowitz Associates
—
Deed Of Trust
related
$100,000 · Fulton 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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