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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Office Spaces
1810 Oregon Pike Lancaster, PA 17601-6470
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-5805590
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1973
Construction
BRICK
Total area
7,140 SF
Lot
0.91 ac (39,640 SF)
Zoning code
B-2
APN
390-98862-0-0000
UPID
US73-5805590
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
-
Chris Dreisbach - Realtor Real Estate Agency
-
Susquehanna Settlement Associates Business Management Consultant
-
Cheryl McFadden - Realtor Real Estate Agency
-
Leigh Heist, Weichert RLTRS Engle Hambright Real Estate Agency
-
Welcome Home Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.49M
Owner & transaction history
Wrep Associates · 1 yrs held
Wrep Associates
since 2025
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
B-2 · Lancaster, PA
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
$1,490,000
ML approach
$1,490,000
CAP Approach
CAP Return
Estimation
6%
$1,480,000
6.5%
$1,365,000
7%
$1,265,000
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $1.49M (Oct 17 2024)
Last sale anchor
$1.49M
Oct 17 2024
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
$209 / 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
$22,444
Tax year 2024
Assessed value
$1,037,300
Assessed 2024
Previous assessed
$1,037,300
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$241,200
Assessed improvement
$796,100
Land market value
$241,200
Improvement market value
$796,100
Total market value
$1,037,300
Applied tax rate
390.0000
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
1973
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Total area
7,140 SF
Lot
0.91 ac (39,640 SF)
Zoning code
B-2
APN
390-98862-0-0000
UPID
US73-5805590
Jurisdiction
LANCASTER
Zoning & alternative use
B-2 · Lancaster, PA
Zoning B-2 · permitted uses
B-2 · 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.
Building & site characteristics
From public records
Year built
1973
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Wrep Associates
Entity
Free & Clear · 1 yrs held
Mailing address
1560 JOEL DR, LEBANON, PA 17046-8375
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
—
Wrep Associates
Wrep Associates
Deed
related
—
Oct 17, 2024
$1,490,000
Wrep Associates
Mtgc Associates LP
Deed
—
Dec 29, 2010
$925,000
Mtgc Associates LP
Alexanian,annabelle
Grant Deed
$975,000 · Fulton Bank
Sep 28, 2007
$950,000
Annabelle Alexanian
Cv Partners
Grant Deed
—
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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