Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1905 Horseshoe Rd Lancaster, PA 17602-1005
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1905 Horseshoe Rd Lancaster, PA 17602-1005

    View on Map
    • Office properties & Spaces
    • 246,684 SF
    • 31.40 lot acres
    Off-Market
    Property ID
    US73-1643209
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $35,855,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • TyreFlow Environmental / Sustainability Organization
    • Donnelley Financial Solutions / Marketing & Advertising / Printing Service

    Property Details for 1905 Horseshoe Rd

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    31.40 lot acres
    Property size
    246,684 SF
    Zone code
    I
    Property type
    Office properties & Spaces
    APN
    310-61177-0-0000
    APU
    3106117700000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $51,065,000
      6.5%
      $47,135,000
      7%
      $43,770,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $36,358,000
      Market price range: $36.4M - $102M
      AI Estimate
      $24,068,000
      Market price range: $24.1M - $69.6M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.2424
    Latitude
    40.0441
    CBSA code
    29540
    CBSA name
    LANCASTER, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $172,748
    $2,043,000
    $6,489,600
    $8,532,600
    -
    $2,043,000
    $6,489,600
    $8,532,600

    Comparable in this City

    • Value Estimation by Request
      0.43 Acres

      29 King St Unit

      Office properties & Spaces • 0.43 Acres
      29 King St Unit, Lancaster, PA 17602
      View Details
    • Value Estimation by Request
      2,829 SF

      3 Kennedy St

      Office properties & Spaces • 2,829 SF
      3 Kennedy St, Lancaster, PA 17602
      View Details
    • Value Estimation by Request
      633 SF

      30 Mcgovern Ave

      OFFICE (GENERAL) • 633 SF
      30 Mcgovern Ave, Lancaster, PA 17602-1923
      View Details
    • Value Estimation by Request
      1,027 SF

      Mcgovern Ave

      OFFICE (GENERAL) • 1,027 SF
      Mcgovern Ave, Lancaster, PA 17602
      View Details
    • Value Estimation
      $1,440,000
      1,207 SF

      153 King St Ste, Unit 212

      OFFICE (GENERAL) • 1,207 SF
      153 King St Ste, Lancaster, PA 17602-2812
      View Details
    • Value Estimation by Request
      1,000 SF

      231 Shippen St Ste, Unit 24

      OFFICE (GENERAL) • 1,000 SF
      231 Shippen St Ste, Lancaster, PA 17602-2771
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.43 Acres

      Lancaster City Office Sublease

      Prime Lancaster Office Space - 6,043 SF Available
      29 King St Unit, Lancaster, PA 17602
      View Details
    • Contact for pricing
      2,935 SF

      Lancaster Commercial Property with Drive-Through

      High-visibility commercial property with drive-through and flexible zoning.
      1950 Old Philadelphia Pike, Lancaster, PA 17602
      View Details
    • $339,000
      2,925 SF

      Lancaster Commercial Property with Income

      Commercial property near Lancaster City with residential income potential.
      911 East King St, Lancaster, PA 17602
      View Details
    • $115,000

      Professional Condo in Downtown Lancaster

      Upscale condo with offices and conference room in downtown Lancaster.
      128 East Grant St, Lancaster, PA 17602
      View Details
    • $1,895,000
      5,500 SF

      Historic Townhouse with Mixed-Use Potential

      Historic Lancaster townhouse with commercial space and residential living.
      121-123 E King St, Lancaster, PA 17602
      View Details
    • $4,500,000

      Mixed-Use Redevelopment Opportunity

      2.3-acre mixed-use property in Lancaster City with redevelopment potential.
      301 E Liberty St, Lancaster, PA 17602
      View Details

    Similar Nearby for Lease

    • $41 SF/Yr
      1,802 SF

      Lancaster Highway Commercial Pad Site

      Prime Lancaster location, 10 acres, 1,802 sqft.
      2090 Lincoln Hwy, Lancaster, PA 17602
      View Details
    • $1,000 /Mo
      10,400 SF

      Lancaster Office and Flex Space

      Office and flex spaces available for lease in Lancaster, PA.
      1863 Lincoln Hwy E, Lancaster, PA 17602
      View Details
    • Contact for pricing
      132 SF

      High-Visibility Retail and Office Space

      Retail and office spaces with strong traffic, near Lancaster station.
      28-32 E Mcgovern Ave, Lancaster, PA 17602
      View Details
    • Contact for pricing

      Lancaster Office Suites For Rent

      Office suites in downtown Lancaster near courthouse and amenities.
      53 N Duke St, Lancaster, PA 17602
      View Details
    • $143,703

      Finished Office Space in Lancaster

      Sublease opportunity: 6,043 SF office space in Lancaster City.
      29 E King St, Lancaster, PA 17602
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1905 Horseshoe Rd
    Lancaster, PA 17602-1005
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!