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Property profile & analytics
FOR SALE
Banks
1950 Old Philadelphia Pike Lancaster, PA 17602
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-1768341
For Sale
1 / 13
$1,300,000
1950 Old Philadelphia Pike, Lancaster, PA 17602
View Listing →
Property summary
AI-generated overview
This exceptional Lancaster, PA retail property, located at 1950 Old Philadelphia Pike, offers 2,240 square feet of space in a single-tenant building situated on a 0.98-acre lot. Built in 1966 and renovated in 2012, the property boasts 16 parking spaces and a convenient drive-through option. Its prime location directly off US Highway Route 30 ensures high visibility and accessibility, with an average daily traffic count exceeding 19,165 vehicles. The flexible neighborhood commercial zoning allows for diverse uses, including financial institutions, restaurants, daycare centers, medical or dental offices, retail sales, or general office space. The entire 2,240 square feet is currently vacant, presenting a unique opportunity for a business seeking a high-traffic location in a thriving commercial area. This property is ideal for a business looking to establish a strong presence in Lancaster, Pennsylvania. The combination of high visibility, ample parking, and flexible zoning makes this a truly exceptional opportunity.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1971
Construction
BRICK
Total area
2,232 SF
Lot
0.98 ac (42,689 SF)
Zoning code
C-2
APN
310-84485-0-0000
UPID
US73-1768341
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
-
BB&T - ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
1950 Old Philadelphia Pike Assc LLC · 3 yrs held
1950 Old Philadelphia Pike Assc LLC
since 2022
Last sale
$1.5M
2 recorded transactions
Zoning & alternative use
C-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
$1,860,000
ML approach
$2,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±10% · vs last sale $1.53M (Oct 28 2022)
Last sale anchor
$1.53M
Oct 28 2022
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
$701 / 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
$8,046
Tax year 2024
Assessed value
$397,400
Assessed 2024
Previous assessed
$397,400
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$274,400
Assessed improvement
$123,000
Land market value
$274,400
Improvement market value
$123,000
Total market value
$397,400
Applied tax rate
310.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1971
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Total area
2,232 SF
Lot
0.98 ac (42,689 SF)
Zoning code
C-2
APN
310-84485-0-0000
UPID
US73-1768341
Jurisdiction
LANCASTER
Zoning & alternative use
C-2 · Lancaster, PA
Zoning C-2 · permitted uses
C-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
1971
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
1950 Old Philadelphia Pike Assc LLC
Entity
Mailing address
1503 LETCHWORTH RD, CAMP HILL, PA 17011-7524
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
$1,525,000
1950 Old Philadelphia Pike Assc LLC
John A Mutzig
Special Warranty Deed
$1,200,000 · Farmers & Merchants Trust Co
Oct 24, 2017
—
John A Mutzig
Mutzig,allen J
Quit Claim 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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