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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Office Spaces
1987 State St, East Petersburg, PA 17520-1324
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-1075069
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1852
Construction
BRICK
Total area
6,602 SF
Lot
0.24 ac (10,454 SF)
Zoning code
NC
APN
220-90770-0-0000
UPID
US73-1075069
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
-
Realty Five Hundred Real Estate Agency
-
Piano with Francois Tutoring Service Training Center
-
Well Done! Realty Real Estate Agency
-
Hillary Bossert-Davis Foster Care Service Social Service Agency
-
On Target Investigation & Consulting, LLC Law Firm Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$911k
Blend (final)
Blend
$820k
Owner & transaction history
Sey Enterprises LLC · 9 yrs held
Sey Enterprises LLC
since 2016
7 recorded transactions
Zoning & alternative use
NC · East Petersburg, 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 East Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Petersburg 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
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,340,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$1,330,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$124 / 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
$7,932
Tax year 2024
Assessed value
$303,600
Assessed 2024
Previous assessed
$303,600
+0.0% YoY
Effective rate
2.61%
On assessed value
Assessed land
$123,700
Assessed improvement
$179,900
Land market value
$123,700
Improvement market value
$179,900
Total market value
$303,600
Applied tax rate
220.0000
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
1852
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Total area
6,602 SF
Lot
0.24 ac (10,454 SF)
Zoning code
NC
APN
220-90770-0-0000
UPID
US73-1075069
Jurisdiction
LANCASTER
Zoning & alternative use
NC · East Petersburg, PA
Zoning NC · permitted uses
NC · East Petersburg, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Petersburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
RESTAURANT
MEDICAL BUILDING
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
1852
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Sey Enterprises LLC
Entity
Mailing address
202 LITTLE HL, LANCASTER, PA 17602-1585
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2017
—
Sey Enterprises LLC
—
Deed
related
$123,000 · Univest Bank & Trust Co
Nov 3, 2016
$192,500
Sey Enterprises LLC
Land Shark Proeprties IV LLC
Deed
$154,000 · Univest Bank & Trust Co
Jun 15, 2016
$100,000
Land Shark Properties IV LLC
East Pete Partners LP
Grant Deed
—
Mar 4, 2016
$55,000
East Pete Partners LP
Acquired Capital II LP
Grant Deed
—
Dec 17, 2013
$3,817
Capital Acquired II
Sheriff Of Lancaster County
Trustees Deed
related
—
—
—
Tdg INC
—
Deed Of Trust
related
$25,000 · Fulton Bank
—
—
Tdg INC
—
Deed Of Trust
related
$100,000 · Fulton Bank
—
—
T D G INC
—
Deed Of Trust
related
$232,000 · Fulton Bank
—
—
Tdg INC
—
Deed Of Trust
related
$50,000 · Fulton Bank
—
—
T D G INC
—
Deed Of Trust
related
$30,000 · 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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