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Property profile & analytics
OFF-MARKET
Estimated value
$2,635,000
Outlet malls
1645 Riv Vly N Cir Lancaster, OH 43130-8401
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-2412078
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1995
Total area
40,950 SF
Lot
5.23 ac (227,819 SF)
APN
053-10103.42
UPID
US66-2412078
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
-
Geek Squad Tech Support Center (Bike/Boat/Book/etc) Store
-
Best Buy Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.43M
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$2.64M
Owner & transaction history
Rvc Lancaster LLC · 7 yrs held
Rvc Lancaster LLC
since 2018
6 recorded transactions
Zoning & alternative use
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,625,000
6.5%
$2,425,000
7%
$2,250,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,115,000
Current use
COMMERCIAL (GENERAL)
$3,535,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.64M
Range $2.37M – $2.90M · ±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
$64 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$66,154
Tax year 2023
Assessed value
$730,180
Assessed 2023
Previous assessed
$730,180
+0.0% YoY
Effective rate
9.06%
On assessed value
Assessed land
$370,580
Assessed improvement
$359,600
Land market value
$1,058,800
Improvement market value
$1,027,420
Total market value
$2,086,220
Applied tax rate
53.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1995
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
40,950 SF
Lot
5.23 ac (227,819 SF)
APN
053-10103.42
UPID
US66-2412078
Jurisdiction
FAIRFIELD
Zoning & alternative use
Zoning · permitted uses
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
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1995
Heating
YES
Cooling
Yes
Stories
1
Lot
5.23 ac
Current owner
From public records · entity-resolved
Rvc Lancaster LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2540 VLG CMN DR, ERIE, PA 16506-7202
Ownership since
2018
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
Nov 21, 2019
—
Rvm LLC
—
Grant Deed
related
$17,097,000 · Gl Harris
Nov 29, 2018
—
Rvc Lancaster LLC
—
Deed
related
$2,198,000 · First National Bank Of Pennsylvania
Aug 16, 2018
$2,350,000
Rvc Lancaster LLC
Rvm LLC
Grant Deed
—
Jul 27, 2017
$20,370,000
Rvm LLC
Lb-ubs 2006-c1 Riv Valley Circ
Trustees Deed
$22,650,000 · Yam Cap III LLC
Dec 30, 2016
—
Lb-ubs 2006-c1 Riv Valley Circ
Rvm Glimcher LLC
Grant Deed
—
Dec 28, 2005
—
Rvm Glimcher LLC
Glimcher River Valley Mall LLC
Limited Warranty Deed
$50,000,000 · Lehman Brothers Bank Fsb
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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