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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office Spaces
151 Good Dr 2 Lancaster, PA 17603-2390
Entity Owned
~
Est. High Equity
Property ID
US73-1957466
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1993
Construction
WOOD FRAME
Total area
2,633 SF
Zoning code
CO
APN
290-10407-1-0002
UPID
US73-1957466
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
-
Schreder Michael J DMD Dental Office
-
Schreder Dental Dental Office
-
PaySmart Payroll Services Accounting Firm
-
Gift CPAs | Lancaster Office Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
$505k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Jnim LLC
Jnim LLC
since 2025
Last sale
$495,000
5 recorded transactions
Zoning & alternative use
CO · 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
by Request
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$505,000
7%
$465,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$680,000
Current use
MEDICAL BUILDING
$600,000
Change: -12% · Conversion: Easy
RETAIL STORES
$575,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $495k (Dec 16 2025)
Last sale anchor
$495k
Dec 16 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
$197 / 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
$6,738
Tax year 2024
Assessed value
$311,800
Assessed 2024
Previous assessed
$311,800
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed improvement
$311,800
Improvement market value
$311,800
Total market value
$311,800
Applied tax rate
290.0000
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
Off-Market
Year built
1993
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
2,633 SF
Zoning code
CO
APN
290-10407-1-0002
UPID
US73-1957466
Jurisdiction
LANCASTER
Zoning & alternative use
CO · Lancaster, PA
Zoning CO · permitted uses
CO · 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
COMMERCIAL (GENERAL) Current
Est. value
$680,000
MEDICAL BUILDING
Est. value
$600,000
RETAIL STORES
Est. value
$575,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
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
1993
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Current owner
From public records · entity-resolved
Jnim LLC
Entity
Mailing address
1205 MNR DR STE #100, MECHANICSBURG, PA 17055-4926
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2025
$495,000
Jnim LLC
Manor Holdings Group LLC
Deed
$396,000 · Fulton Bank NA
Dec 16, 2025
—
Jnim LLC
—
Deed
related
$50,000 · Fulton Bank NA
Mar 12, 2025
—
Manor Holdings Group LLC
—
Deed
related
$188,000 · Citizens Bank NA
Apr 4, 2017
$292,000
Manor Holdings Group LLC
Michael J Schreder
Deed
$248,200 · Orrstown Bank
Mar 8, 2017
—
Michael J Schreder
Schreder,michael J & Jane A
Quit Claim 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
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