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Property profile & analytics
OFF-MARKET
Turn key restaurants
1506 Lancaster Ave Columbia, PA 17512-2037
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-5723972
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1973
Construction
BRICK
Total area
3,956 SF
Lot
0.52 ac (22,651 SF)
Zoning code
HC
APN
110-83766-0-0000
UPID
US73-5723972
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mckonly Family Real Estate LLC · 4 yrs held
Mckonly Family Real Estate LLC
since 2021
7 recorded transactions
Zoning & alternative use
HC · Columbia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
HC Highway Commercial District: To provide for a wide range of commercial uses along the Route 462 corridor. (15) RC Riverfront Commercial District: To encourage a mix of entertainment, restaurant and other commercial uses that will take advantage of proximity to the river and the downtown, and that will be compatible with a proposed recreation trail. (16) L…
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
62.02 ac
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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,126
Tax year 2024
Assessed value
$431,500
Assessed 2024
Previous assessed
$431,500
+0.0% YoY
Effective rate
3.74%
On assessed value
Assessed land
$84,300
Assessed improvement
$347,200
Land market value
$84,300
Improvement market value
$347,200
Total market value
$431,500
Applied tax rate
110.0000
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
1973
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Total area
3,956 SF
Lot
0.52 ac (22,651 SF)
Zoning code
HC
APN
110-83766-0-0000
UPID
US73-5723972
Jurisdiction
LANCASTER
Zoning & alternative use
HC · Columbia, PAZoning HC · permitted uses
HC · Columbia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
HC Highway Commercial District: To provide for a wide range of commercial uses along the Route 462 corridor. (15) RC Riverfront Commercial District: To encourage a mix of entertainment, restaurant and other commercial uses that will take advantage of proximity to the river and the downtown, and that will be compatible with a proposed recreation trail. (16) LI Light Industrial District: To provide for a mix of light industrial uses, offices and certain related commercial uses. To avoid the heaviest types of industrial uses. (17) GI General Industrial District: To provide for a range of industrial uses, to meet the Borough's obligation under state law to offer opportunities for all legitimate land uses.
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
62.02 ac
Building & site characteristics
From public records
Year built
1973
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Mckonly Family Real Estate LLC
Entity
Mailing address
390 BLUE LN, COLUMBIA, PA 17512-9300
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2021
—
Mckonly Family Real Estate LLC
16th St Real Estate LLC
Deed
—
Oct 1, 2014
$460,000
16th St Real Estate LLC
Hui Guo Ting
Deed
$500,000 · Manufacturers & Traders Trust Co
Jun 4, 2007
$515,000
Hui Guo Ting
Cristino Investments LLC
Deed
$400,000 · Manufacturers & Traders Trust Co
Jun 15, 2006
$450,000
Cristino Investments LLC
Braun,charles J III & Sue D
Grant Deed
$280,000 · Zions First National Bank
Nov 21, 2002
$555,000
Charles J Braun
Kane-bruce,diane & Delvin L
Grant Deed
$610,000 · Union National Community Bank
—
—
Emersons Partners
—
Deed Of Trust
related
$25,000 · Union National Community Bank
—
—
Charles J Braun
—
Deed Of Trust
related
$25,000 · Diane & Delvin L Bruce
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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