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Property profile & analytics
OFF-MARKET
Estimated value
$4,585,000
Assisted living facilities
1380 Elm Ave Lancaster, PA 17603-4642
Individually Owned
5-yr Hold
Free & Clear
Property ID
US73-1957332
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Construction
FRAME
Total area
68,058 SF
Lot
4 ac (174,240 SF)
Zoning code
O/P
APN
340-44367-0-0000
UPID
US73-1957332
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
-
Michael Dilley, PT Physician
-
Providence Place Senior Living of Lancaster Nursing Home Retirement Community
-
Lisa Seaman Physician
-
Deborah A. Jandzio, OTRL Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.59M
Owner & transaction history
Providence Place Of Lancaster Ass · 5 yrs held
Providence Place Of Lancaster Ass
since 2021
Last sale
$3.7M
5 recorded transactions
Zoning & alternative use
O/P · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.0M
+245.6%
Apartment house (5+ units)
$5.7M
+181.8%
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
WAREHOUSE, STORAGE
$7,000,000
Change: +246% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,705,000
Change: +182% · Conversion: Difficult
Blend value · Realmo final
$4.59M
Range $4.13M – $5.04M · ±10% · vs last sale $3.70M (Jan 5 2021)
Last sale anchor
$3.70M
Jan 5 2021
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
$67 / 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
$72,667
Tax year 2024
Assessed value
$2,519,700
Assessed 2024
Previous assessed
$2,519,700
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$825,000
Assessed improvement
$1,694,700
Land market value
$825,000
Improvement market value
$1,694,700
Total market value
$2,519,700
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
68,058 SF
Lot
4 ac (174,240 SF)
Zoning code
O/P
APN
340-44367-0-0000
UPID
US73-1957332
Jurisdiction
LANCASTER
Zoning & alternative use
O/P · Lancaster, PA
Zoning O/P · permitted uses
O/P · 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
WAREHOUSE, STORAGE
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1987
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
4 ac
Current owner
From public records · entity-resolved
Providence Place Of Lancaster Ass
Individual
Free & Clear · 5 yrs held
Mailing address
1528 SAND HL RD, HUMMELSTOWN, PA 17036-9704
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
—
Providence Place Of Lancaster Assoc
—
Deed
related
$900,000 · Fulton Bank NA
Jul 2, 2021
—
Providence Place Of Lancaster Assoc
—
Deed
related
$2,000,000 · M & T Bank
Jan 5, 2021
$3,700,000
Providence Place Of Lancaster Ass
Country Meadows Associates
Grant Deed
—
Dec 1, 2011
$5,550
Country Meadows Associates
Country Meadows Associates
Deed
related
$5,468,000 · Wells Fargo Bank NA
Sep 11, 2003
—
Country Meadows Associates II
Country Meadows Associates
Quit Claim Deed
related
—
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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