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Property profile & analytics
FOR LEASE
Warehouses
200 Witmer Rd Lancaster PA 17602, Lancaster, PA 17602
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-2878447
For Lease
1 / 11
$595,000
200 Witmer Rd,Unit Lancaster PA 17602, Lancaster, PA 17602
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Construction
STEEL FRAME
Total area
4,160 SF
Lot
1.12 ac (48,787 SF)
Zoning code
R
APN
310-65921-0-0000
UPID
US73-2878447
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
-
J&C Auto. Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
$435k
Comparable Approach
Comparable
$678k
Blend (final)
Blend
$595k
Owner & transaction history
Waymark Touring LLC · 2 yrs held
Waymark Touring LLC
since 2023
Last sale
$525,000
5 recorded transactions
Zoning & alternative use
R · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$945,000
+29.9%
Retail stores
$770,000
+5.3%
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
$680,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
$470,000
6.5%
$435,000
7%
$400,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$730,000
Current use
MEDICAL BUILDING
$945,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$770,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$640,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $525k (Sep 27 2023)
Last sale anchor
$525k
Sep 27 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
$143 / 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
$7,139
Tax year 2024
Assessed value
$352,600
Assessed 2024
Previous assessed
$352,600
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$112,000
Assessed improvement
$240,600
Land market value
$112,000
Improvement market value
$240,600
Total market value
$352,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1960
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
2
Stories
1
Total area
4,160 SF
Lot
1.12 ac (48,787 SF)
Zoning code
R
APN
310-65921-0-0000
UPID
US73-2878447
Jurisdiction
LANCASTER
Zoning & alternative use
R · Lancaster, PA
Zoning R · permitted uses
R · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$730,000
MEDICAL BUILDING
Est. value
$945,000
RETAIL STORES
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$640,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1960
Construction
STEEL FRAME
Heating
HOT WATER
Stories
1
Buildings
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Waymark Touring LLC
Entity
Mailing address
59 CYPRESS DR, LEOLA, PA 17540-9612
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2023
$525,000
Waymark Touring LLC
Gregory A Lapp
Deed
—
Aug 27, 2021
—
Florence R Lapp
—
Deed
related
$100,000 · S & T Bank
—
—
Lapp,florence R
—
Deed Of Trust
related
$450,000 · Integrity Bk
—
—
Florence R Lapp
—
Deed Of Trust
related
$200,000 · Bank Of Lancaster County NA
—
—
Lapp,florence R
—
Deed Of Trust
related
$835,000 · Integrity Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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