Entity Owned Property summary
AI-generated overview
This 3,554 square-foot freestanding building, formerly a Friendly's restaurant, is available for lease. Situated on a 1.05-acre lot in Lancaster, Pennsylvania, it enjoys a high-traffic location on Oregon Pike, a major north-south corridor providing easy access to Lititz Pike and Route 30. The property benefits from its position within a strong retail area, surrounded by established businesses including Giant, Planet Fitness, AutoZone, Primanti Bros., and Monro Auto. The B3 Business District zoning allows for a variety of uses, making it suitable for retail, restaurant, or medical businesses. The building presents an excellent opportunity for a business seeking to establish a presence in this growing market, with options for ground leasing or retrofitting the existing structure. The property's proximity to downtown Lancaster, Franklin and Marshall College, Clipper Magazine Stadium, and a large residential population ensures a substantial customer base. This location offers exceptional visibility and accessibility, making it an ideal choice for businesses seeking a prominent position in a thriving commercial area. The property is located at 1521 Oregon Pike, Lancaster, PA 17601.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1983
Construction
BRICK
Total area
3,554 SF
Lot
1.05 ac (45,738 SF)
Zoning code
B-3
APN
390-91013-0-0000
UPID
US73-5744760
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
General Contractor Renovation Specialist
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$385k
Owner & transaction history
since 2025
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
B-3 · Lancaster, PA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 14 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$385k
Value range
$347k – $424k
±10% around blend
Estimated value / SF
$108 / SF
Confidence
High
14 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$347k
blend $385k
$424k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,554 SF
Lot area
1.05 ac
Year built
1983
Stories
1
APN
390-91013-0-0000
Zoning
B-3
Assessed value
$664,700
Annual tax
$14,382
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$623k
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.3 mi away · 4,312 SF
8.5 mi away · 3,552 SF
10.4 mi away · 2,568 SF
13.5 mi away · 3,073 SF
13.5 mi away · 4,464 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$385k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 39 sales
$233
-53%
County 86 sales
$203
-47%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $108/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 14 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.65M
Move the market yield to see immediate price impact.
Value / SF
$464
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$104k
$2.08M
$1.48M
$1.16M
$116k
$2.31M
$1.65M
$1.28M
$127k
$2.54M
$1.81M
$1.41M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$375k
1.0 mi · Sep 2025 · $85/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,382
Tax year 2024
Assessed value
$664,700
Assessed 2024
Previous assessed
$664,700
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$272,100
Assessed improvement
$392,600
Land market value
$272,100
Improvement market value
$392,600
Total market value
$664,700
Applied tax rate
390.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1983
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
3,554 SF
Lot
1.05 ac (45,738 SF)
Zoning code
B-3
APN
390-91013-0-0000
UPID
US73-5744760
Jurisdiction
LANCASTER
Zoning & alternative use
B-3 · Lancaster, PAZoning B-3 · permitted uses
B-3 · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1983
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-3
Jurisdiction
Lancaster, PA
Recorded code
B-3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-3 in Lancaster, PA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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