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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Turn key restaurants
14 Blue Rock Rd Millersville, PA 17551-1410
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-1455457
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1971
Construction
BRICK
Total area
2,855 SF
Lot
0.17 ac (7,405 SF)
Zoning code
NC
APN
440-05520-0-0000
UPID
US73-1455457
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
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$447k
Blend (final)
Blend
$515k
Owner & transaction history
Rad Property Holdings LLC · 1 yrs held
Rad Property Holdings LLC
since 2025
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
NC · Millersville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$695,000
+20.5%
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 Millersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millersville 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
$520,000
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$580,000
Current use
COMMERCIAL (GENERAL)
$695,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$575,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$475,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $700k (Mar 11 2025)
Last sale anchor
$700k
Mar 11 2025
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
$180 / 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
$6,760
Tax year 2024
Assessed value
$253,700
Assessed 2024
Previous assessed
$253,700
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$56,100
Assessed improvement
$197,600
Land market value
$56,100
Improvement market value
$197,600
Total market value
$253,700
Applied tax rate
440.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1971
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Total area
2,855 SF
Lot
0.17 ac (7,405 SF)
Zoning code
NC
APN
440-05520-0-0000
UPID
US73-1455457
Jurisdiction
LANCASTER
Zoning & alternative use
NC · Millersville, PA
Zoning NC · permitted uses
NC · Millersville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millersville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$695,000
MEDICAL BUILDING
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$475,000
RESTAURANT Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1971
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Rad Property Holdings LLC
Entity
Mailing address
359 HABECKER CHURCH RD, LANCASTER, PA 17603-9737
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
$700,000
Rad Property Holdings LLC
Graver Properties LLC
Deed
$560,000 · Belco Community Cu
Dec 20, 2022
$432,500
Graver Properties LLC
14 Blue Rock Road LLC
Deed
$705,500 · Colony Bank
Jan 8, 2020
—
14 Blue Rock Road LLC
14 Blue Rock LLC
Correction Deed
related
—
Jan 7, 2020
—
14 Blue Rock Road LLC
—
Deed
related
$136,000 · Edc Fin
May 1, 2019
$326,200
14 Blue Rock LLC
Mccauley Robert L
Grant Deed
$185,000 · Community First Fnd
Jul 11, 2017
—
Michael R Mccauley
Mccauley,robert L
Quit Claim Deed
related
—
—
—
14 Blue Rock Road LLC
—
Deed Of Trust
related
$185,000 · Community First Fnd
—
—
14 Blue Rock Road LLC
—
Deed Of Trust
related
$136,000 · Edc Fin
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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