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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Manufacturing properties
1401 Vermont Ave, Lancaster, PA 17603-2525
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-5882696
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1951
Construction
FRAME
Total area
5,304 SF
Lot
1.19 ac (51,836 SF)
Zoning code
I-1
APN
390-97705-0-0000
UPID
US73-5882696
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
-
Walters Services Inc. Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$455k
Comparable Approach
Comparable
$825k
Blend (final)
Blend
$620k
Owner & transaction history
Psalm 100 4 5 Property Holdings LLC · 4 yrs held
Psalm 100 4 5 Property Holdings LLC
since 2022
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
I-1 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$885,000
+45.9%
Auto repair, garage
$815,000
+34.1%
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%
$490,000
6.5%
$455,000
7%
$420,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$605,000
Current use
WAREHOUSE, STORAGE
$885,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$815,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $650k (Apr 1 2022)
Last sale anchor
$650k
Apr 1 2022
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
$117 / 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
$5,879
Tax year 2024
Assessed value
$271,700
Assessed 2024
Previous assessed
$271,700
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$169,200
Assessed improvement
$102,500
Land market value
$169,200
Improvement market value
$102,500
Total market value
$271,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1951
Construction
FRAME
Heating
FORCED AIR
Stories
1
Total area
5,304 SF
Lot
1.19 ac (51,836 SF)
Zoning code
I-1
APN
390-97705-0-0000
UPID
US73-5882696
Jurisdiction
LANCASTER
Zoning & alternative use
I-1 · Lancaster, PA
Zoning I-1 · permitted uses
I-1 · 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) Current
Est. value
$605,000
WAREHOUSE, STORAGE
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$815,000
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1951
Construction
FRAME
Heating
FORCED AIR
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Psalm 100 4 5 Property Holdings LLC
Entity
Mailing address
1 SWEET ARROW DR, HUMMELSTOWN, PA 17036-2721
Ownership since
2022
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
Apr 1, 2022
$650,000
Psalm 100 4 5 Property Holdings LLC
Shertzer Property LLC
Deed
—
Jul 16, 2021
$400,000
Shertzer Property LLC
Gerle Realty Holdings LLC
Deed
$376,000 · Belco Community Cu
Dec 7, 2018
—
Gerle Reaity Holdings LLC
—
Deed
related
$730,000 · Dnb First NA
Dec 29, 2005
$290,000
Gerle Realty Holdings LLC
Accu-tool & Machine
Grant Deed
$232,000 · Union National Community Bank
—
—
Gerle Reaity Holdings LLC
—
Deed Of Trust
related
$730,000 · Dnb First NA
—
—
Robert W Meshey
—
Deed Of Trust
related
$10,000 · Allfirst Bank
—
—
Gerle Realty Holdings LLC
—
Deed Of Trust
related
$75,000 · Union National Community Bank
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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