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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Banks
20 Mcgovern Ave Lancaster, PA 17602-1923
Entity Owned
2-yr Hold
Free & Clear
Property ID
US73-1393220
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1947
Construction
FRAME
Total area
1,690 SF
Zoning code
B-4
APN
390-14187-1-0004
UPID
US73-1393220
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
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$545k
Owner & transaction history
Clear Partners LLC · 2 yrs held
Clear Partners LLC
since 2023
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
B-4 · 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
$580,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $450k (Dec 29 2023)
Last sale anchor
$450k
Dec 29 2023
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
$322 / 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
$6,284
Tax year 2024
Assessed value
$290,400
Assessed 2024
Previous assessed
$290,400
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed improvement
$290,400
Improvement market value
$290,400
Total market value
$290,400
Applied tax rate
390.0000
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
Off-Market
Year built
1947
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
0
Total area
1,690 SF
Zoning code
B-4
APN
390-14187-1-0004
UPID
US73-1393220
Jurisdiction
LANCASTER
Zoning & alternative use
B-4 · Lancaster, PA
Zoning B-4 · permitted uses
B-4 · 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
1947
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
0
Current owner
From public records · entity-resolved
Clear Partners LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3411 HAWTHORNE RD, POCATELLO, ID 83201-6061
Ownership since
2023
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
Jul 25, 2024
—
Clear Partners LLC
—
Deed
related
$400,000 · Key Bank NA
Dec 29, 2023
$450,000
Clear Partners LLC
Fulton Bank National Association
Deed
—
Apr 19, 2012
$600,000
Fulton Bk
Station Square Group LP
Grant Deed
—
Apr 19, 2012
—
Station Square Group LP
Station Square Properties LLC
Quit Claim Deed
related
—
Sep 19, 2008
$2,142,500
Station Square Group
Oum,vandy & Chhunly
Grant Deed
$1,714,000 · Susquehanna Bank Pa
Sep 15, 2008
—
Vandy Oum
Station Square Properties LLC
Grant Deed
related
—
Oct 31, 2005
$1,650,000
Station Square Properties LLC
Aegean Investors Ltd
Grant Deed
$1,320,000 · Susquehanna Bank Pa
—
—
Station Square Group LP
—
Deed Of Trust
related
$699,021 · Susquehanna Bank Pa
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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