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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Office Spaces
1729 Independence Way Lititz, PA 17543-8039
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-4363061
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2016
Construction
FRAME
Total area
8,409 SF
Lot
83.42 ac (3,633,775 SF)
APN
600-89415-0-0000
UPID
US73-4363061
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
$1.14M
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.31M
Owner & transaction history
Traditions Of America At Lititz Ass · 5 yrs held
Traditions Of America At Lititz Ass
since 2021
7 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 Lititz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lititz 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
$1,135,000
CAP Approach
CAP Return
Estimation
6%
$1,740,000
6.5%
$1,605,000
7%
$1,490,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,055,000
Current use
RESTAURANT
$1,705,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$1,695,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±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
$155 / 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
$52,979
Tax year 2024
Assessed value
$2,702,400
Assessed 2024
Previous assessed
$2,702,400
+0.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$1,334,700
Assessed improvement
$1,367,700
Land market value
$1,334,700
Improvement market value
$1,367,700
Total market value
$2,702,400
Applied tax rate
600.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2016
Construction
FRAME
Heating
YES
Cooling
YES
Total area
8,409 SF
Lot
83.42 ac (3,633,775 SF)
APN
600-89415-0-0000
UPID
US73-4363061
Jurisdiction
LANCASTER
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
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
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
2016
Construction
FRAME
Heating
YES
Cooling
Yes
Lot
83.42 ac
Current owner
From public records · entity-resolved
Traditions Of America At Lititz Ass
Individual
Mailing address
320 GRANITE RUN DR, LANCASTER, PA 17601-6806
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
34 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2021
—
Traditions Of America At Lititz Ass
Toa Lititz LP
Deed
—
Apr 9, 2019
$470,195
Paul L Berkebile
Toa Lititz L P
Deed
$175,000 · Wells Fargo Bank NA
Dec 27, 2018
$388,404
Edward Hartel
Toa Lititz LP
Grant Deed
—
Dec 27, 2018
$322,892
Susan Feltenerger
Toa Lititz LP
Grant Deed
—
Dec 13, 2018
$400,853
James D Ferguson
Toa Lititz L P
Deed
$150,000 · Wells Fargo Bank NA
Oct 16, 2018
$328,476
Barbara Jo Good
Toa Lititz LP
Deed
$492,714 · Reverse Mortgage Funding LLC
Aug 23, 2018
$410,732
Dennis W Jeff
Toa Lititz LP
Grant Deed
—
Jun 20, 2018
$405,022
Blaine F Kunes
Toa Lititz L P
Grant Deed
—
Jun 8, 2018
$439,304
William R Gretton III
Toa Lititz LP
Grant Deed
—
Apr 27, 2018
$454,877
Ronald A Lunn
Toa Lititz LP
Grant Deed
$50,000 · Wells Fargo Bk
Feb 26, 2018
$430,801
Jerold W Fernee
Toa Lititz LP
Grant Deed
—
Feb 23, 2018
$369,717
Lisa Harper
Toa Lititz LP
Grant Deed
—
Feb 9, 2018
$436,922
Dace R Eaby
Toa Lititz LP
Deed
$225,000 · Wells Fargo Bank NA
Jan 25, 2018
$418,191
Raymond Nocella
Toa Lititz LP
Grant Deed
—
Dec 27, 2017
$404,875
Malik Naeem
Toa Lititz LP
Deed
$323,901 · Wells Fargo Bank NA
Dec 18, 2017
$406,174
Elsie Fairchild
Toa Lititz LP
Grant Deed
$324,200 · Wells Fargo Bk
Dec 18, 2017
$390,381
Donald M Lefever
Toa Lititz L P
Grant Deed
$351,340 · Ephrata Nat'l Bk
Dec 13, 2017
$376,723
Lawrence S Shaner
Lititz LP
Grant Deed
—
Dec 4, 2017
—
John Dombach
—
Deed
related
$75,000 · The Huntington National Bank
Nov 28, 2017
$475,674
Albert Thorp III
Toa Lititz LP
Grant Deed
—
Nov 20, 2017
$424,812
Intervivos Stanley A S & Barba Trust
Toa Lititz LP
Grant Deed
—
Nov 16, 2017
$325,738
Michael A Sanders
Toa Lititz LP
Deed
$195,000 · Wells Fargo Bank NA
Sep 15, 2017
$429,699
Jack R Fischel
Toa Lititz LP
Grant Deed
—
Sep 6, 2017
$380,595
Ramon Ramirez
Toa Lititz LP
Grant Deed
$360,000 · Wells Fargo Bk
Sep 5, 2017
$536,430
Charles H Simmons
Toa Lititz L P
Deed
—
Aug 25, 2017
—
Joyce Beebe
Toa Lititz LP
Grant Deed
—
Aug 23, 2017
$463,427
Robert E Johnson II
Toa Lititz LP
Deed
$150,000
Aug 15, 2017
—
William E Shank
Toa Lititz LP
Grant Deed
related
—
Jul 28, 2017
$388,726
David A Bruce
Toa Lititz L P
Deed
$583,090 · Mortgage Funding LLC
Jul 25, 2017
—
John Dombach
—
Deed
related
$160,000 · Wells Fargo Bank NA
Jul 12, 2017
$387,699
Edward Hartel
Toa Lititz LP
Grant Deed
—
Jul 10, 2017
$484,364
Lowell E Wenger
Toa Lititz LP
Loan 1 (only) Is A Reverse Mortgage
$726,546 · Reverse Mtg Fndg
Mar 31, 2015
$332,375
Allen V Mickalonis
Toa Lititz LP
Deed
$130,000 · Wells Fargo Bank NA
—
—
David H Hartmann
—
Deed Of Trust
related
$300,000 · Homesale Mtg
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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