New search
Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Manufacturing properties
2008 Horseshoe Rd, Lancaster, PA 17602-1008
Individually Owned
10-yr Hold
Property ID
US73-2765213
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1920
Total area
9,264 SF
Lot
68.29 ac (2,974,712 SF)
Zoning code
R
APN
310-31977-0-0000
UPID
US73-2765213
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
-
Intoxalock Ignition Interlock Building Supply General Contractor
-
Lancaster Parts & Equipment Big Box & Wholesale Store Agricultural Supply
-
Horseshoe Acres Specialty Food Shop Farmer's Market
-
Conestoga Valley Greenhouse Garden Center Landscaping
-
Smucker Ben Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$545k
Blend (final)
Blend
$690k
Owner & transaction history
Omar B Smucker · 10 yrs held
Omar B Smucker
since 2015
7 recorded transactions
Zoning & alternative use
R · 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
by Request
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$735,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,060,000
Current use
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$74 / 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
$29,660
Tax year 2024
Assessed value
$1,465,000
Assessed 2024
Previous assessed
$1,465,000
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$978,700
Assessed improvement
$486,300
Land market value
$978,700
Improvement market value
$486,300
Total market value
$1,465,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1920
Heating
SPACE
Buildings
2
Stories
2
Rooms
10
Bathrooms
6
Total area
9,264 SF
Lot
68.29 ac (2,974,712 SF)
Zoning code
R
APN
310-31977-0-0000
UPID
US73-2765213
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
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
Heating
SPACE
Stories
2
Buildings
2
Rooms
10
Bathrooms
6
Lot
68.29 ac
Current owner
From public records · entity-resolved
Omar B Smucker
Individual
Mailing address
2008 HORSESHOE RD, LANCASTER, PA 17602-1008
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2015
—
Omar B Smucker
Lapp,samuel K JR & Verna M
Grant Deed
$1,100,000 · Farm Credit Svcs
May 2, 2003
—
Samuel K Lapp
Smucker,paul S & Rachel H
Grant Deed
$217,000 · Midatlantic Farm Credit Aca
—
—
Samuel K Lapp JR.
—
Deed Of Trust
related
$35,000 · Hometowne Heritage Bank
—
—
Samuel K Lapp JR.
—
Deed Of Trust
related
$140,000 · Hometowne Heritage Bank
—
—
Samuel K Lapp JR.
—
Deed Of Trust
related
$25,000 · National Penn Bank
—
—
Samuel K Lapp JR.
—
Deed Of Trust
related
$43,000 · Hometowne Heritage Bank
—
—
Samuel K Lapp JR.
—
Deed Of Trust
related
$190,500 · Hometowne Heritage Bank
—
—
Samuel K Lapp JR.
—
Deed Of Trust
related
$42,000 · Hometowne Heritage Bank
—
—
Samuel K Lapp JR.
—
Deed Of Trust
related
$215,000 · Hometowne Heritage 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2008 Horseshoe Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
