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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Retail space
201 King St Lancaster, PA 17603-3720
Entity Owned
1-yr Hold
Free & Clear
Property ID
US73-2437685
Property summary
AI-generated overview
This three-story, 7,670 square foot storefront at 201 W King St, Lancaster, PA 17603, is offered at $899,000 ($117.21/sq ft). Built in 1850, the property sits on a 0.08-acre lot and is zoned Central Business (CB), benefiting from CRIZ and LERTA tax zones. Currently, the first floor houses a month-to-month daycare tenant, while the second floor is vacant and the third floor contains a single apartment. All utilities are available. The building's prominent corner location at W King and N Water Streets offers excellent walkability and visibility, making it ideal for redevelopment or owner-occupancy. This presents a significant opportunity for investors or businesses seeking a central Lancaster location with favorable zoning. The property's APN is 331-06843-0-0000. This historic building offers substantial potential for a variety of commercial uses.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1850
Construction
BRICK
Total area
7,584 SF
Lot
0.08 ac (3,485 SF)
Zoning code
CB
APN
331-06843-0-0000
UPID
US73-2437685
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
-
Bless the Children Daycare Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$700k
Owner & transaction history
201 W King St LLC · 1 yrs held
201 W King St LLC
since 2024
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
CB · 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)
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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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Dec 20 2024)
Last sale anchor
$700k
Dec 20 2024
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
$92 / 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
$10,094
Tax year 2024
Assessed value
$255,100
Assessed 2024
Previous assessed
$255,100
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$70,300
Assessed improvement
$184,800
Land market value
$70,300
Improvement market value
$184,800
Total market value
$255,100
Applied tax rate
331.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1850
Construction
BRICK
Heating
HOT WATER
Stories
2
Units
1
Total area
7,584 SF
Lot
0.08 ac (3,485 SF)
Zoning code
CB
APN
331-06843-0-0000
UPID
US73-2437685
Jurisdiction
LANCASTER
Zoning & alternative use
CB · Lancaster, PA
Zoning CB · permitted uses
CB · 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
1850
Construction
BRICK
Heating
HOT WATER
Stories
2
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
201 W King St LLC
Entity
Free & Clear · 1 yrs held
Mailing address
724 STEEPLECHASE RD, LANDISVILLE, PA 17538-1536
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2025
—
201 W King St LLC
—
Deed
related
$1,260,900 · S & T Bank
Dec 20, 2024
$700,000
201 W King St LLC
Eftooni Sisters LLC
Deed
—
Apr 5, 2021
—
Eftooni Sisters LLC
Vasiliki Sullivan
Deed
—
—
—
Christopher E Efthymiades
—
Deed Of Trust
related
$50,000 · Pnc 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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