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Property profile & analytics
FOR LEASE
Warehouses
1375 Harrisburg Pike Lancaster, PA 17601
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2637671
For Lease
Contact for pricing
1375 Harrisburg Pike, Lancaster, PA 17601
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
STEEL FRAME
Total area
826,042 SF
Lot
57.4 ac (2,500,344 SF)
Zoning code
CM
APN
339-09750-0-0000
UPID
US73-2637671
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
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$56.51M
Blend (final)
Blend
$57.10M
Owner & transaction history
Harrisburg Place Owner LLC · 1 yrs held
Harrisburg Place Owner LLC
since 2025
Last sale
$59.6M
7 recorded transactions
Zoning & alternative use
CM · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$94,540,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$57.10M
Range $51.39M – $62.81M · ±10% · vs last sale $59.60M (Nov 19 2024)
Last sale anchor
$59.60M
Nov 19 2024
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
$69 / 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
$449,823
Tax year 2024
Assessed value
$11,367,900
Assessed 2024
Previous assessed
$11,367,900
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$3,684,000
Assessed improvement
$7,683,900
Land market value
$3,684,000
Improvement market value
$7,683,900
Total market value
$11,367,900
Applied tax rate
339.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1973
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
826,042 SF
Lot
57.4 ac (2,500,344 SF)
Zoning code
CM
APN
339-09750-0-0000
UPID
US73-2637671
Jurisdiction
LANCASTER
Zoning & alternative use
CM · Lancaster, PA
Zoning CM · permitted uses
CM · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$94.5M
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
57.4 ac
Current owner
From public records · entity-resolved
Harrisburg Place Owner LLC
Entity
Mailing address
100 NORTHFIELD ST, GREENWICH, CT 06830-4618
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2025
$59,603,246
Harrisburg Place Owner LLC
Lsc Communications Mcl LLC
Special Warranty Deed
—
Jun 2, 2022
—
Lsc Communications Mcl LLC
—
Deed
related
$225,000,000 · Blue Torch Finance LLC
Feb 20, 2018
—
Lsc Communications Us LLC
—
Loan Modification
related
$825,000,000 · Bank Of America
Dec 8, 2017
—
Commonwealth Of Pa
Lsc Communications Us
Quit Claim Deed
—
Jan 11, 2017
—
Lsc Communications Us LLC
—
Deed
related
$825,000,000 · Bank Of America
Oct 6, 2016
—
Lsc Communications Us LLC
Rr Donnelley & Sons Co
Grant Deed
—
—
—
Lsc Communications Us LLC
—
Deed Of Trust
related
$825,000,000 · Bank Of America
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.
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?”
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