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Property profile & analytics
OFF-MARKET
Estimated value
$3,435,000
Office Spaces
2124 Ambassador Cir Lancaster, PA 17603-2389
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-0947686
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,277 SF
Lot
3.2 ac (139,392 SF)
Zoning code
CO
APN
290-37763-0-0000
UPID
US73-0947686
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
$3.91M
CAP Approach
CAP
$2.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.44M
Owner & transaction history
Ambassador Circle Partners LLC · 1 yrs held
Ambassador Circle Partners LLC
since 2025
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
CO · 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
$3,845,000
ML approach
$3,910,000
CAP Approach
CAP Return
Estimation
6%
$3,160,000
6.5%
$2,920,000
7%
$2,710,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,960,000
Current use
MEDICAL BUILDING
$3,480,000
Change: -12% · Conversion: Easy
RETAIL STORES
$3,325,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$3.44M
Range $3.09M – $3.78M · ±10% · vs last sale $3.25M (Feb 14 2025)
Last sale anchor
$3.25M
Feb 14 2025
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
$225 / 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
$35,404
Tax year 2024
Assessed value
$1,638,300
Assessed 2024
Previous assessed
$1,638,300
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$415,000
Assessed improvement
$1,223,300
Land market value
$415,000
Improvement market value
$1,223,300
Total market value
$1,638,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
15,277 SF
Lot
3.2 ac (139,392 SF)
Zoning code
CO
APN
290-37763-0-0000
UPID
US73-0947686
Jurisdiction
LANCASTER
Zoning & alternative use
CO · Lancaster, PA
Zoning CO · permitted uses
CO · 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
COMMERCIAL (GENERAL) Current
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$3.3M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
3.2 ac
Current owner
From public records · entity-resolved
Ambassador Circle Partners LLC
Entity
Mailing address
2124 AMBASSADOR CIR, LANCASTER, PA 17603-2389
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
$3,250,000
Ambassador Circle Partners LLC
Rra Manheim LLC
Deed
$5,955,000 · Ephrata National Bank
Sep 13, 2022
—
Rra Manheim LLC
—
Deed
related
$2,380,000 · First National Bank Of Pennsylvania
Oct 10, 2017
—
Rra Manheim LLC
—
Trustees Deed
related
$1,065 · Edc Fin
Jun 28, 2017
$2,300,000
Rra Manheim LLC
Robert L Safran SR.
Deed
$1,300,000 · First National Bank Of Pennsylvania
Apr 30, 2012
—
Robert L Safran SR.
Safran,robert L SR & Kathryn N
Quit Claim Deed
related
$2,400,000 · M & T Bank
—
—
Robert L Safran SR.
—
Deed Of Trust
related
$138,000 · M & T Bank
—
—
Robert L Safran SR.
—
Deed Of Trust
related
$500,000 · Fulton 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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