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    Property profile & analytics

    16 Graybill Rd Leola, PA 17540

    • Retail space
    • 21,194 SF
    • 1.00 lot acres
    For Lease
    View listing
    $36,949
    Value Estimation
    $1,595,000
    Last Sale
    Dec 13, 2024
    $1,600,000
    Location Intelligence
    Property ID
    US73-2237241
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Harry's Furniture Center / Furniture Store

    Property Details for 16 Graybill Rd

    Year built
    1940
    Construction
    STEEL FRAME
    Lot size
    1.00 lot acres
    Property size
    21,194 SF
    Zone code
    MU
    Property type
    Retail space
    APN
    360-22745-0-0000
    APU
    3602274500000

    Description

    This exceptional mixed-use investment opportunity presents two freestanding retail buildings totaling over 29,380 square feet situated on a 1.81-acre lot in Leacock-Leola-Bareville, PA. Conveniently located just off Route 23, this property boasts 50 parking spaces and offers significant flexibility with its MU (Mixed Use) zoning in Upper Leacock Township. The buildings, constructed in 1940, provide a combined 10,202 to 19,178 square feet of main-level retail space, with additional square footage available in upper levels and outbuildings. The asking price is $2,050,000, translating to approximately $69.78 per square foot. The property's ample space and versatile zoning permit a wide range of uses, including retail, daycare, and medical/dental/professional offices. The property features a 600-amp, 3-phase electrical service (PPL). The parcel's APN is 360-22745-0-0000, and ownership is fee simple. This is a rare opportunity to acquire a substantial retail property in a desirable location with significant upside potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,600,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,600,000
      6.5%
      $1,555,000
      7%
      $1,590,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,590,000
      Geo Method
      $1,500,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,720,000
      Retail
      $1,720,000
      Mixed-Use
      $1,420,000
      Hospitality
      $1,420,000
      Educational
      $1,395,000
      Residential Income
      $1,760,000
      Energy
      $1,525,000
      Income-Based Land
      $1,880,000
      Food Service
      $1,680,000

    Location Insight

    • Map
    • Local Demand
    City
    Leola
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.164
    Latitude
    40.0898
    CBSA code
    29540
    CBSA name
    LANCASTER, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $26,502
    $125,000
    $1,201,200
    $1,326,200
    -
    $125,000
    $1,201,200
    $1,326,200

    Comparable in this City

    • Value Estimation by Request
      3,407 SF

      345 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,407 SF
      345 Main St, Leola, PA 17540-2108
      View Details
    • Value Estimation
      $360,000
      1,298 SF

      345 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,298 SF
      345 Main St, Leola, PA 17540-2108
      View Details
    • Value Estimation
      $295,000
      2,313 SF

      345 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,313 SF
      345 Main St, Leola, PA 17540-2108
      View Details
    • Value Estimation
      $325,000
      6,971 SF

      182 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,971 SF
      182 Main St, Leola, PA 17540-1946
      View Details
    • Value Estimation
      $285,000
      936 SF

      82 Main St

      RETAIL STORES (PERSONAL SERVICES) • 936 SF
      82 Main St, Leola, PA 17540-1802
      View Details
    • Value Estimation
      $1,340,000
      29,028 SF

      291 Main St, Unit 295

      RETAIL STORES (PERSONAL SERVICES) • 29,028 SF
      291 Main St, Leola, PA 17540-1923
      View Details

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    Similar Nearby for Lease

    • $36,949
      78,844 SF

      Leola Retail Space For Lease

      6210 sqft retail space available in Leola, Pennsylvania.
      16 Graybill Rd, Leola, PA 17540
      View Details
    • $650 /Mo
      207 SF

      Mixed-Use Property with Flexible Suites

      Suites suitable for office, retail, and creative uses.
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    • Contact for pricing
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      Leola, PA Retail Opportunity

      ±2,600 SF Retail Building, 0.62 Acres
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    • $7 SF/Yr
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      Leola Industrial Opportunity For Rent

      Industrial property with loading docks and ample parking available for rent.
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      View Details
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    16 Graybill Rd
    Leola, PA 17540
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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