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Property profile & analytics
FOR LEASE
Office Spaces
1398 E Oregon Rd Lititz, PA 17543
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2886723
For Lease
1 / 2
$596/Mo
1398 E Oregon Rd, Lititz, PA 17543
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1890
Construction
FRAME
Total area
3,456 SF
Lot
0.53 ac (23,087 SF)
Zoning code
B-2
APN
390-20960-0-0000
UPID
US73-2886723
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
$480k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$615k
Owner & transaction history
David B Decktor · 5 yrs held
David B Decktor
since 2021
5 recorded transactions
Zoning & alternative use
B-2 · Lititz, 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 Lititz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lititz 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
$480,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$845,000
Current use
MEDICAL BUILDING
$695,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$178 / 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
$5,628
Tax year 2024
Assessed value
$260,100
Assessed 2024
Previous assessed
$260,100
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$193,500
Assessed improvement
$66,600
Land market value
$193,500
Improvement market value
$66,600
Total market value
$260,100
Applied tax rate
390.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1890
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
3,456 SF
Lot
0.53 ac (23,087 SF)
Zoning code
B-2
APN
390-20960-0-0000
UPID
US73-2886723
Jurisdiction
LANCASTER
Zoning & alternative use
B-2 · Lititz, PA
Zoning B-2 · permitted uses
B-2 · Lititz, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lititz. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$845,000
MEDICAL BUILDING
Est. value
$695,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
1890
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
David B Decktor
Individual
Mailing address
30 BEILER LN, LITITZ, PA 17543-9255
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
May 18, 2021
$1,165,625
David B Decktor
Daniel E Morphy
Deed
$1,107,344 · Fulton Bank NA
Dec 27, 2019
$390,000
Beiler Lane Properties LLC
Aaron Fisher
Deed
$292,500 · Univest Bank & Trust Co
Nov 16, 2017
$410,000
Aaron Fisher
Ames Properties LLC
Grant Deed
—
Jun 9, 2017
$405,000
Ames Properties LLC
Iacono,anthony W & Thomas J
Grant Deed
$350,000 · Bank Of Bird-in-hand
Jan 9, 2008
—
Anthony W Iacono
Owner,record
Grant 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.
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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