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Property profile & analytics
OFF-MARKET
Estimated value
$3,115,000
Strip malls
2060 Bennett Ave Lancaster, PA 17601-2650
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-3365313
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,250 SF
Lot
2.5 ac (108,900 SF)
Zoning code
CC
APN
290-43719-0-0000
UPID
US73-3365313
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
$3.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.12M
Owner & transaction history
Wolf Plaza Of Lancaster LLC · 4 yrs held
Wolf Plaza Of Lancaster LLC
since 2022
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
CC · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.9M
+468.7%
Medical building
$3.2M
+278.3%
Restaurant
$3.1M
+264.9%
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
$3,415,000
ML approach
$3,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,850,000
Change: +469% · Conversion: Easy
MEDICAL BUILDING
$3,225,000
Change: +278% · Conversion: Difficult
RESTAURANT
$3,110,000
Change: +265% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,275,000
Change: +167% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,035,000
Change: +138% · Conversion: Difficult
Blend value · Realmo final
$3.12M
Range $2.80M – $3.43M · ±10% · vs last sale $2.80M (Apr 21 2022)
Last sale anchor
$2.80M
Apr 21 2022
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
$128 / 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
$43,508
Tax year 2024
Assessed value
$2,013,300
Assessed 2024
Previous assessed
$1,987,900
+1.3% YoY
Effective rate
2.16%
On assessed value
Assessed land
$625,000
Assessed improvement
$1,388,300
Land market value
$625,000
Improvement market value
$1,388,300
Total market value
$2,013,300
Applied tax rate
290.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
24,250 SF
Lot
2.5 ac (108,900 SF)
Zoning code
CC
APN
290-43719-0-0000
UPID
US73-3365313
Jurisdiction
LANCASTER
Zoning & alternative use
CC · Lancaster, PAZoning CC · permitted uses
CC · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$3.2M
RESTAURANT
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
Wolf Plaza Of Lancaster LLC
Entity
Mailing address
1750 HIDDEN LN, LANCASTER, PA 17603-2346
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2022
$2,800,000
Wolf Plaza Of Lancaster LLC
Wolf Plaza LP
Deed
$2,240,000 · Mid Penn Bank
Sep 20, 2017
—
Wolf Plaza LP
—
Deed
related
$1,968,000 · York Traditions Bank
Sep 24, 2012
$2,700,000
Wolf Plaza LP
Wskb Associates LLP
Deed Of Trust
$2,160,000 · M & T 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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