Realmo Analytics

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Property profile

1850 William Penn Way 201 Lancaster, PA 17601

FOR LEASE
Industrial land
Property ID
US73-1567284
3.4 ac lot Built 1989
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Lancaster, PA office space at 1850 William Penn Way offers a prime location within a business park setting. The first-floor suite, totaling 3,553 square feet, is adaptable and can be divided into two smaller units of 2,381 and 1,172 square feet, providing flexibility for various business needs. The property features abundant natural light, creating a bright and welcoming atmosphere. The layout thoughtfully incorporates a blend of open collaborative areas perfect for teamwork…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$1k
Tax billed · 2024
Assessed value$63k
Assessed land$61k
Assessed improvement$3k
Effective rate2.03%

Value estimate

· Oct 2026
$380k
$342k – $418k
AI approach$380k
NOI build-up
Gross scheduled income$152k
Vacancy & credit loss−$21k
Operating expenses−$33k
NOI · 200.74% cap applied$98k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$114/SF
Submarket average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$59 – $156

Cap rate analysis

How does the asset earn?
200.74%
$98k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
JurisdictionLANCASTER

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office11.2
Parking Facility9.1
Convenience Store9.0

Location

1850 William Penn Way, Unit 201 Lancaster, PA 17601
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 16 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Falcon, Lancaster, PA 17601 $3,800,000 Feb 2024 No data
1640 Crooked Oak, Lancaster, PA 17601-4208 $2,400,000 Feb 2019 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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