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    2151 Lincoln E Hwy Lancaster, PA 17602-1109

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    2151 Lincoln E Hwy Lancaster, PA 17602-1109

    View on Map
    • Hotels
    • 42,754 SF
    • 1.92 lot acres
    Off-Market
    Last Sale Jun 24, 2025
    Property ID
    US73-0933418
    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.
    Value Estimations
    $3,175,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • EV Connect Charging Station / Electric Vehicle Charging Station
    • ChargeLab Charging Station / Electric Vehicle Charging Station
    • Shell Recharge Charging Station / Electric Vehicle Charging Station
    • avid hotel Lancaster, an IHG Hotel / Hotel & Motel
    • american music theatre / Resort

    Property Details for 2151 Lincoln E Hwy

    Year built
    2019
    Construction
    FRAME
    Lot size
    1.92 lot acres
    Property size
    42,754 SF
    Property type
    Hotels
    APN
    310-44150-0-0000
    APU
    3104415000000

    Description

    This exceptional 2.5-acre commercial land parcel, located at 2151 E. Lincoln Highway in Lancaster, Pennsylvania, presents a unique investment opportunity. Zoned C-2 Commercial District within Lancaster County, this property offers significant potential for a variety of commercial uses. The existing single-tenant building encompasses 1,500 square feet, providing immediate income potential or a solid foundation for redevelopment. The expansive lot size allows for ample space for expansion, additional structures, or extensive landscaping. Its convenient location on the heavily trafficked Lincoln Highway ensures high visibility and accessibility, making it an ideal site for businesses seeking strong exposure. The property's address is 2151 E. Lincoln Highway, Lancaster, PA 17602. This is a single-tenant property, offering a straightforward ownership structure. The property is available for lease and presents a compelling opportunity for businesses seeking a prominent location in a thriving commercial area. Serious inquiries are encouraged to explore the possibilities this prime Lancaster County location offers. The property is situated in a well-established commercial district, providing easy access to major roadways and a diverse range of amenities. This is a rare opportunity to acquire a substantial commercial property in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,723,000
      Market price range: $1.36M - $2.72M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.229
    Latitude
    40.0301
    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
    $118,574
    $259,300
    $5,597,500
    $5,856,800
    -
    $259,300
    $5,597,500
    $5,856,800

    Comparable in this City

    • Value Estimation
      $5,585,000
      47,022 SF

      2343 Lincoln E Hwy

      HOTEL • 47,022 SF
      2343 Lincoln E Hwy, Lancaster, PA 17602-1113
      View Details
    • Value Estimation
      $5,145,000
      40,312 SF

      2045 Lincoln E Hwy

      HOTEL • 40,312 SF
      2045 Lincoln E Hwy, Lancaster, PA 17602-3397
      View Details
    • Value Estimation
      $2,490,000
      42,588 SF

      2110 Lincoln E Hwy

      HOTEL • 42,588 SF
      2110 Lincoln E Hwy, Lancaster, PA 17602-1110
      View Details
    • Value Estimation
      $14,165,000
      51,824 SF

      2320 Lincoln E Hwy

      HOTEL • 51,824 SF
      2320 Lincoln E Hwy, Lancaster, PA 17602-1131
      View Details
    • Value Estimation
      $17,690,000
      269,282 SF

      2300 Lincoln E Hwy

      HOTEL • 269,282 SF
      2300 Lincoln E Hwy, Lancaster, PA 17602-1114
      View Details
    • Value Estimation
      $16,640,000
      70,314 SF

      2270 Lincoln E Hwy

      HOTEL • 70,314 SF
      2270 Lincoln E Hwy, Lancaster, PA 17602-1112
      View Details

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    Similar Nearby for Lease

    • $1,000 /Mo
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      Lancaster Office and Flex Space

      Office and flex spaces available for lease in Lancaster, PA.
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      Retail space available in mixed-use building near Weis and HACC.
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      View Details
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      Retail Pad Site with Drive-Thru

      Prime retail location with drive-thru in East Lancaster.
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      View Details
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      High-Visibility Retail and Office Space

      Retail and office spaces with strong traffic, near Lancaster station.
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      View Details
    • Contact for pricing

      Lancaster Office or Education Opportunity

      Office or early education space in a high-traffic location.
      1661 Old Philadelphia Pike, Lancaster, PA 17602
      View Details
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    Lancaster, PA 17602-1109
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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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