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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Hospitals
2160 State Rd Lancaster, PA 17601-1812
Individually Owned
3-yr Hold
Free & Clear
Property ID
US73-0119976
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1880
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,602 SF
Lot
26.1 ac (1,136,916 SF)
Zoning code
AH
APN
290-76234-0-0000
UPID
US73-0119976
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
-
Penn State Health Lancaster Medical Center Hospital
-
Dina M. Khateeb, DO Physician
-
Adrian F. Hazbun, MD Pediatrician Physician
-
Laura A. Hunter, MD Physician
-
Daron A. Kahn, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$770k
Blend (final)
Blend
$660k
Owner & transaction history
Penn State Health Lancaster Medical · 3 yrs held
Penn State Health Lancaster Medical
since 2023
5 recorded transactions
Zoning & alternative use
AH · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$940,000
+58.6%
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
by Request
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$585,000
7%
$540,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$590,000
Current use
COMMERCIAL (GENERAL)
$940,000
Change: +59% · Conversion: Easy
RETAIL STORES
$530,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10%
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
$254 / 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
$1,770,398
Tax year 2024
Assessed value
$81,923,800
Assessed 2024
Previous assessed
$81,923,800
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$682,000
Assessed improvement
$81,241,800
Land market value
$682,000
Improvement market value
$81,241,800
Total market value
$81,923,800
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1880
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Units
1
Rooms
10
Bathrooms
2
Total area
2,602 SF
Lot
26.1 ac (1,136,916 SF)
Zoning code
AH
APN
290-76234-0-0000
UPID
US73-0119976
Jurisdiction
LANCASTER
Zoning & alternative use
AH · Lancaster, PA
Zoning AH · permitted uses
AH · 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
MEDICAL BUILDING Current
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$940,000
RETAIL STORES
Est. value
$530,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
1880
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Units
1
Rooms
10
Bathrooms
2
Lot
26.1 ac
Current owner
From public records · entity-resolved
Penn State Health Lancaster Medical
Individual
Free & Clear · 3 yrs held
Mailing address
100 CRYSTAL A DR, HERSHEY, PA 17033-9524
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2023
—
Penn State Health Lancaster Medical
Penn State Health Lancaster Medical
Intrafamily Transfer
related
—
May 10, 2021
—
Commonwealth Of Pennsylvania
Lpadc LLC
Quit Claim Deed
related
—
May 21, 2020
$49,127
2701 State Road LLC
Lpadc LLC
Grant Deed
—
Jul 22, 2019
$5,000,000
Lpadc INC
Centaurus LLC
Grant Deed
—
Jul 26, 2002
$949,100
Centaurus LLC
Snavely,james S & Barbara A
Grant Deed
$500,000 · Bank Of Lancaster County NA
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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