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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Retail space
1595 Main St Mount Joy, PA 17552-9589
Individually Owned
14-yr Hold
Property ID
US73-1284072
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
FRAME
Total area
8,365 SF
Lot
1.39 ac (60,548 SF)
Zoning code
C-2
APN
461-83698-0-0000
UPID
US73-1284072
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
$1.52M
Comparable Approach
Comparable
$894k
Blend (final)
Blend
$1.25M
Owner & transaction history
Shawn R Erb · 14 yrs held
Shawn R Erb
since 2012
6 recorded transactions
Zoning & alternative use
C-2 · Mount Joy, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+51.5%
Restaurant
$1.7M
+25.7%
Medical building
$1.7M
+25.0%
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 Mount Joy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Joy 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%
$1,640,000
6.5%
$1,515,000
7%
$1,405,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,350,000
Current use
COMMERCIAL (GENERAL)
$2,045,000
Change: +51% · Conversion: Easy
RESTAURANT
$1,695,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$1,685,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,395,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10%
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
$149 / 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
$23,166
Tax year 2024
Assessed value
$907,600
Assessed 2024
Previous assessed
$907,600
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$278,000
Assessed improvement
$629,600
Land market value
$278,000
Improvement market value
$629,600
Total market value
$907,600
Applied tax rate
461.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Rooms
6
Bathrooms
2
Total area
8,365 SF
Lot
1.39 ac (60,548 SF)
Zoning code
C-2
APN
461-83698-0-0000
UPID
US73-1284072
Jurisdiction
LANCASTER
Zoning & alternative use
C-2 · Mount Joy, PAZoning C-2 · permitted uses
C-2 · Mount Joy, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
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
2017
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Rooms
6
Bathrooms
2
Lot
1.39 ac
Current owner
From public records · entity-resolved
Shawn R Erb
Individual
Mailing address
221 W HENRY ST, MOUNT JOY, PA 17552-1232
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2018
—
Shawn R Erb
—
Deed
related
$1,800,000 · First Citizens Community Bank
Nov 18, 2016
—
Shawn R Erb
—
Deed
related
$1,650,000 · Mid Penn Bk
Jul 1, 2015
—
Shawn R Erb
—
Deed Of Trust
related
$1,200,000 · Mid Penn Bk
Jul 10, 2012
$178,000
Shawn R Erb
Heisey,mary N
Grant Deed
—
Jul 10, 2012
—
Mary N Heisey
Heisey Abram J
Quit Claim Deed
—
—
—
Shawn R Erb
—
Loan Modification
related
$1,650,000 · Mid Penn Bk
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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