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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Drive through restaurants
1340 Columbia Ave Lancaster, PA 17603-4724
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-4103688
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1988
Construction
FRAME
Total area
2,374 SF
Lot
1.2 ac (52,272 SF)
Zoning code
C-3
APN
340-39432-0-0000
UPID
US73-4103688
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
-
Taco Bell Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$855k
Blend (final)
Blend
$1.22M
Owner & transaction history
Columbia Ave Investors LLC · 3 yrs held
Columbia Ave Investors LLC
since 2022
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
C-3 · 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
$1,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $1.18M (Dec 9 2022)
Last sale anchor
$1.18M
Dec 9 2022
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
$512 / 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
$14,316
Tax year 2024
Assessed value
$496,400
Assessed 2024
Previous assessed
$496,400
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$190,300
Assessed improvement
$306,100
Land market value
$190,300
Improvement market value
$306,100
Total market value
$496,400
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
2,374 SF
Lot
1.2 ac (52,272 SF)
Zoning code
C-3
APN
340-39432-0-0000
UPID
US73-4103688
Jurisdiction
LANCASTER
Zoning & alternative use
C-3 · Lancaster, PA
Zoning C-3 · permitted uses
C-3 · 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
1988
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Columbia Ave Investors LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 429, CONSHOHOCKEN, PA 19428-0429
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2022
$1,184,495
Columbia Ave Investors LLC
Ari Properties LLC
Special Warranty Deed
—
Jan 20, 2022
—
Chestnut Restaurants LLC
Double A Taco LLC
Assignment Of Lease (leasehold Sale)
—
Sep 12, 2005
$510,000
Ari Properties LLC
Ge Capital Franchise Finance Corp
Special Warranty Deed
$4,100,000 · Nfa Funding LLC
—
—
Double A Taco LLC
—
Deed Of Trust
related
$27,500,000 · Wells Fargo 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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