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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Drive through restaurants
1755 Columbia Ave Lancaster, PA 17603-4530
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-0092369
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1989
Construction
BRICK
Total area
4,758 SF
Lot
0.96 ac (41,818 SF)
Zoning code
HC
APN
290-01670-0-0000
UPID
US73-0092369
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
-
McDonald's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$695k
Owner & transaction history
Landonald Realty LP · 11 yrs held
Landonald Realty LP
since 2015
7 recorded transactions
Zoning & alternative use
HC · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+11.5%
Retail stores
$1.0M
+6.6%
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
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$970,000
Current use
MEDICAL BUILDING
$1,085,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$1,035,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$795,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$146 / 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
$18,503
Tax year 2024
Assessed value
$856,200
Assessed 2024
Previous assessed
$856,200
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$264,300
Assessed improvement
$591,900
Land market value
$264,300
Improvement market value
$591,900
Total market value
$856,200
Applied tax rate
290.0000
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
1989
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Total area
4,758 SF
Lot
0.96 ac (41,818 SF)
Zoning code
HC
APN
290-01670-0-0000
UPID
US73-0092369
Jurisdiction
LANCASTER
Zoning & alternative use
HC · Lancaster, PA
Zoning HC · permitted uses
HC · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$970,000
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$795,000
RESTAURANT Current
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1989
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Landonald Realty LP
Entity
Mailing address
1241 LAUREL OAK LN, YORK, PA 17403-9124
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2015
$650,000
Landonald Realty LP
Homewood Realty
Grant Deed
—
Aug 29, 2005
—
Rlty Homewood
Owner,record
Grant Deed
related
—
Aug 4, 2004
$2,200,000
Realty Homewood
East Hempfield Township Indl
Grant Deed
—
—
—
James P Argires-daniel C Good
—
Deed Of Trust
related
$120,000 · Fulton Bank
—
—
Realty Homewood
—
Deed Of Trust
related
$120,000 · Fulton Bank
—
—
Realty Homewood
—
Deed Of Trust
related
$325,000 · Fulton Bank
—
—
Argires,james P Tr
—
Deed Of Trust
related
$120,000 · Fulton Bank
—
—
Realty Homewood
—
Deed Of Trust
related
$880,000 · Fulton Bank
—
—
Realty Homewood
—
Deed Of Trust
related
$200,000 · Fulton Bank
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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