Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$370,000
Drive through restaurants
1624 Lancaster Ave Columbia, PA 17512-9543
Entity Owned
Absentee Owner
Free & Clear
Property ID
US73-2389459
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1987
Construction
WOOD FRAME
Total area
2,423 SF
Lot
0.69 ac (30,056 SF)
Zoning code
HC
APN
110-34487-0-0000
UPID
US73-2389459
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
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$370k
Owner & transaction history
MANAGEMENT SALES INC
MANAGEMENT SALES INC
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
Method
Estimation
Statistic approach
by Request
ML approach
$370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$370k
Range $333k – $407k · ±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
$153 / 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
$16,578
Tax year 2024
Assessed value
$443,600
Assessed 2024
Previous assessed
$443,600
+0.0% YoY
Effective rate
3.74%
On assessed value
Assessed land
$111,800
Assessed improvement
$331,800
Land market value
$111,800
Improvement market value
$331,800
Total market value
$443,600
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1987
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
3
Stories
1
Bathrooms
2
Total area
2,423 SF
Lot
0.69 ac (30,056 SF)
Zoning code
HC
APN
110-34487-0-0000
UPID
US73-2389459
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
1987
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
MANAGEMENT SALES INC
Entity
Free & Clear · 0 yrs held
Mailing address
275 E LIBERTY ST, LANCASTER, PA 17602-1933
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1624 Lancaster Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
