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    Property profile & analytics

    2080 Lincoln Hwy E Lancaster, PA 17602

    • Retail space
    • 30,807 SF
    • 5.60 lot acres
    For Sale
    View listing
    Last Sale
    Jul 03, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1207248
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto Plus Auto Parts / Auto Parts Store
    • Pep Boys / Tire Shop / Auto Repair Shop

    Property Details for 2080 Lincoln Hwy E

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.60 lot acres
    Property size
    30,807 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    310-86953-0-0000
    APU
    3108695300000

    Description

    This single-story, 30,806 square foot retail building is located at 2080 Lincoln Highway East in Lancaster, Pennsylvania, 17602. Previously occupied by Pep Boys, the property offers a significant leasing opportunity for businesses seeking high visibility and substantial square footage. The building boasts a total area of 30,806 square feet, with 19,729 square feet currently vacant. Its prime location on the busy Lincoln Highway East ensures high traffic counts and excellent exposure to potential customers. The single-tenant occupancy provides a unique opportunity for a business to establish a strong presence in a desirable retail corridor. The building's single-story design offers ease of access and functionality. This property presents a compelling investment opportunity for businesses seeking a prominent location in a thriving Lancaster market. The substantial vacant space allows for customization and adaptation to suit a variety of retail operations. The address is easily accessible and benefits from excellent visibility, making it an ideal location for attracting customers. This is a rare chance to secure a large, well-situated retail space in a high-demand area. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,040,000
      6.5%
      $5,580,000
      7%
      $5,180,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,660,000
      Market price range: $3.17M - $10.2M
      AI Estimate
      $4,222,000
      Market price range: $2.01M - $5.56M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,690,000
      Current use
      COMMERCIAL (GENERAL)
      $9,015,000
      Change: +58% Conversion: Easy
      RESTAURANT
      $7,175,000
      Change: +26% Conversion: Easy
      MEDICAL BUILDING
      $7,015,000
      Change: +23% Conversion: Difficult
      WAREHOUSE, STORAGE
      $5,400,000
      Change: -5% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,725,000
      Change: -17% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.2381
    Latitude
    40.0309
    CBSA code
    29540
    CBSA name
    LANCASTER, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $54,568
    $862,400
    $1,832,900
    $2,695,300
    -
    $862,400
    $1,832,900
    $2,695,300

    Comparable in this City

    • Value Estimation
      $5,270,000
      29,890 SF

      53 Mcgovern Ave

      RETAIL STORES (PERSONAL SERVICES) • 29,890 SF
      53 Mcgovern Ave, Lancaster, PA 17602-1922
      View Details
    • Value Estimation
      $12,010,000
      123,614 SF

      2385 Covered Brg Dr

      RETAIL STORES (PERSONAL SERVICES) • 123,614 SF
      2385 Covered Brg Dr, Lancaster, PA 17602-1174
      View Details
    • Value Estimation
      $770,000
      6,080 SF

      1714 Lincoln E Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,080 SF
      1714 Lincoln E Hwy, Lancaster, PA 17602-2664
      View Details
    • Value Estimation by Request
      2,310 SF

      203 Chestnut St

      RETAIL STORES (PERSONAL SERVICES) • 2,310 SF
      203 Chestnut St, Lancaster, PA 17602
      View Details
    • Value Estimation
      $9,705,000
      39,670 SF

      2405 Covered Brg Dr

      RETAIL STORES (PERSONAL SERVICES) • 39,670 SF
      2405 Covered Brg Dr, Lancaster, PA 17602-1177
      View Details
    • Value Estimation by Request
      2,304 SF

      402 Ann St

      RETAIL STORES (PERSONAL SERVICES) • 2,304 SF
      402 Ann St, Lancaster, PA 17602-4505
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33,000 SF

      Retail Property on Route 30

      33,000 SF retail building on 5.6 acres for sale.
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      Lancaster City Restaurant and Bar

      Free-standing restaurant/bar with rental rooms and liquor license.
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      3,968 SF auto shop with six repair bays.
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    Similar Nearby for Lease

    • $19 SF/Yr
      1,492 SF

      Retail Space Near HACC Campus

      Retail space available in mixed-use building near Weis and HACC.
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      View Details
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      Lancaster Retail with Drive-Thru

      Prime retail property with high visibility and drive-through.
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      View Details
    • Contact for pricing
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      Retail Pad Site with Drive-Thru

      Prime retail location with drive-thru in East Lancaster.
      2347 Lincoln Hwy E, Lancaster, PA 17602
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      Lancaster Retail Space Available

      Retail space available for rent in Lancaster, Pennsylvania.
      10-26 E Mcgovern Ave, Lancaster, PA 17602
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    • $24,200
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      Prime Commercial Space Near Downtown

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      Prime Retail Space Available

      Excellent location for retail or restaurant in downtown Lancaster.
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      View Details
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    2080 Lincoln Hwy E
    Lancaster, PA 17602
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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