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Property profile & analytics
OFF-MARKET
Estimated value
$5,955,000
Warehouses
1397 Arcadia Rd Lancaster, PA 17601-3128
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-5637269
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
68,204 SF
Lot
3.3 ac (143,748 SF)
Zoning code
CM
APN
339-33439-0-0000
UPID
US73-5637269
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
-
Iron Mountain Storage Facility
-
Fulton Theater Scenic and Prop Shop Corporate Office
-
Race Krafters Machine Shop Auto Repair Shop
-
Lancaster AutoParts Warehouse Auto Parts Store
-
Brown's Signs & Awards (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.27M
CAP Approach
CAP
$7.10M
Comparable Approach
Comparable
$5.89M
Blend (final)
Blend
$5.96M
Owner & transaction history
Arcadia Road Holdings LLC · 3 yrs held
Arcadia Road Holdings LLC
since 2023
Last sale
$5.0M
4 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
$6,460,000
ML approach
$6,270,000
CAP Approach
CAP Return
Estimation
6%
$7,690,000
6.5%
$7,095,000
7%
$6,590,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,245,000
Current use
INDUSTRIAL (GENERAL)
$7,805,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$5.96M
Range $5.36M – $6.55M · ±10% · vs last sale $5.00M (Jan 25 2023)
Last sale anchor
$5.00M
Jan 25 2023
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
$87 / 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
$83,773
Tax year 2024
Assessed value
$2,117,100
Assessed 2024
Previous assessed
$2,117,100
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$438,000
Assessed improvement
$1,679,100
Land market value
$438,000
Improvement market value
$1,679,100
Total market value
$2,117,100
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
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
68,204 SF
Lot
3.3 ac (143,748 SF)
Zoning code
CM
APN
339-33439-0-0000
UPID
US73-5637269
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
WAREHOUSE, STORAGE Current
Est. value
$9.2M
INDUSTRIAL (GENERAL)
Est. value
$7.8M
WAREHOUSE, STORAGE Current
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
3.3 ac
Current owner
From public records · entity-resolved
Arcadia Road Holdings LLC
Entity
Mailing address
13 RADIANT HL, LAKEWOOD, NJ 08701-4988
Ownership since
2023
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
Jan 25, 2023
$5,000,000
Arcadia Road Holdings LLC
Formen Properties LLC
Special Warranty Deed
$3,300,000 · Lakeland Bank
Dec 12, 2019
—
Formin Properties LLC
—
Deed
related
$1,722,489 · Truist Bank
Dec 12, 2014
$2,250,000
Formin Properties LLC
Koskap Partners
Trustees Deed
$1,800,000 · Pnc Bk
Sep 19, 2008
$2,600,000
Koskap Partners
Lancaster General Svcs Corp
Grant Deed
$2,600,000 · Susquehanna Bank Pa
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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