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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Medical Office Space
20 Lancaster Ave Strasburg, PA 17579-1106
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0317596
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1920
Construction
FRAME
Total area
5,640 SF
Lot
0.83 ac (36,155 SF)
Zoning code
R-1
APN
570-86805-0-0000
UPID
US73-0317596
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$988k
Blend (final)
Blend
$730k
Owner & transaction history
Playground Pilot Ltd · 5 yrs held
Playground Pilot Ltd
since 2020
Last sale
$594,200
7 recorded transactions
Zoning & alternative use
R-1 · Strasburg, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
406.1. Within the (R-1 and R-H) Zones, barber and beauty salons are permitted by special exception, subject to the following criteria: 406.2. All such uses shall be contained within a detached building; 406.3. No more than two (2) operators may provide service at any given time; 406.4. Four (4) off-street parking spaces shall be provided for each operator. S…
Zone name
Residential
General category
RESIDENTIAL
Zone area
45.03 ac
Top alternative use upside
Restaurant
$1.1M
+0.6%
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 Strasburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Strasburg 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
$770,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,135,000
Current use
RESTAURANT
$1,145,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$940,000
Change: -17% · Conversion: Difficult
RETAIL STORES
$910,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $594k (Oct 6 2020)
Last sale anchor
$594k
Oct 6 2020
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
$129 / 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
$14,204
Tax year 2024
Assessed value
$594,200
Assessed 2024
Previous assessed
$594,200
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$74,000
Assessed improvement
$520,200
Land market value
$74,000
Improvement market value
$520,200
Total market value
$594,200
Applied tax rate
570.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
HOT WATER
Stories
1
Total area
5,640 SF
Lot
0.83 ac (36,155 SF)
Zoning code
R-1
APN
570-86805-0-0000
UPID
US73-0317596
Jurisdiction
LANCASTER
Zoning & alternative use
R-1 · Strasburg, PAZoning R-1 · permitted uses
R-1 · Strasburg, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
406.1. Within the (R-1 and R-H) Zones, barber and beauty salons are permitted by special exception, subject to the following criteria: 406.2. All such uses shall be contained within a detached building; 406.3. No more than two (2) operators may provide service at any given time; 406.4. Four (4) off-street parking spaces shall be provided for each operator. Such parking spaces shall be screened from adjoining roads and properties and shall be located in the rear yard; 406.5. The site shall front on an arterial or colle ctor road as listed in Section 314 of this Ordinance; and, 406.6. One sign is permitted which shall not exceed three (3) square feet in total sign area. Such sign shall be set back at least two (2) feet from every property line. Strasburg Borough Zoning Ordinance 144 Amendments Codified through 5/14/19
Zone name
Residential
General category
RESIDENTIAL
Zone area
45.03 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$940,000
RETAIL STORES
Est. value
$910,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1920
Construction
FRAME
Heating
HOT WATER
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Playground Pilot Ltd
Individual
Mailing address
20 LANCASTER AVE #2, STRASBURG, PA 17579-1106
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2020
$594,200
Playground Pilot Ltd
Robert O Lauver III
Grant Deed
—
Jan 4, 2019
—
Robert O Lauver III
—
Deed
related
$225,000 · Bank Of Bird-in-hand
Sep 25, 2018
—
Robert O Lauver III
Northland Real Estate LLC
Grant Deed
—
Sep 7, 2006
$295,000
Northland Real Estate LLC
Lancaster Emergency Medical Sv
Grant Deed
$517,000 · Fulton Bank
Oct 5, 2001
—
Lancaster Emergency Medical
Strasburg Community Ambulance
Quit Claim Deed
related
—
—
—
Robert O Lauver III
—
Deed Of Trust
related
$225,000 · Bank Of Bird-in-hand
—
—
Northland Real Estate LLC
—
Deed Of Trust
related
$25,000 · Fulton Bank
—
—
Northland Real Estate LLC
—
Deed Of Trust
related
$150,000 · 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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