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Property profile & analytics
OFF-MARKET
Estimated value
$2,155,000
Warehouses
221 Prince St Lancaster, PA 17603-3527
Trust Owned
~
Est. High Equity
Property ID
US73-2151886
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1900
Construction
BRICK
Total area
16,425 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CB
APN
331-24633-0-0000
UPID
US73-2151886
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
-
Infinity Transportation Services Limousine Service
-
Trained by Tobias Gym & Fitness Center
-
Limitless Lancaster, 24 Hour Fitness Gym & Fitness Center
-
Empire Downtown Nightclub DJ & Entertainment
-
Comsense LLC Tech Support Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.18M
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$2.16M
Owner & transaction history
Paul C Miller JR Spousal Trust
Paul C Miller JR Spousal Trust
since 2026
7 recorded transactions
Zoning & alternative use
CB · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.6M
+30.4%
Restaurant
$3.4M
+22.3%
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
$2,260,000
ML approach
$2,180,000
CAP Approach
CAP Return
Estimation
6%
$1,850,000
6.5%
$1,710,000
7%
$1,585,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,745,000
Current use
RETAIL STORES
$3,575,000
Change: +30% · Conversion: Moderate
RESTAURANT
$3,355,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,520,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$2.16M
Range $1.94M – $2.37M · ±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
$131 / 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
$29,412
Tax year 2024
Assessed value
$743,300
Assessed 2024
Previous assessed
$743,300
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$190,000
Assessed improvement
$553,300
Land market value
$190,000
Improvement market value
$553,300
Total market value
$743,300
Applied tax rate
331.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
STEAM
Cooling
NONE
Stories
2
Total area
16,425 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CB
APN
331-24633-0-0000
UPID
US73-2151886
Jurisdiction
LANCASTER
Zoning & alternative use
CB · Lancaster, PA
Zoning CB · permitted uses
CB · 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
WAREHOUSE, STORAGE Current
Est. value
$2.7M
RETAIL STORES
Est. value
$3.6M
RESTAURANT
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
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
1900
Construction
BRICK
Heating
STEAM
Cooling
Yes
Stories
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Paul C Miller JR Spousal Trust
Trust
Mailing address
525 LISBURN RD, WELLSVILLE, PA 17365-9788
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2026
—
Paul C Miller JR Spousal Trust
Sarah E Miller
Deed
—
Dec 23, 2025
—
Sarah E Miller
Paul C Miller JR
Deed
related
—
Dec 22, 2025
—
Paul C Miller JR
Integrity First Capital LLC
Deed
related
—
Sep 19, 2023
—
Integrity First Capital LLC
Groff Investments LLC
Deed In Lieu Of Foreclosure
related
—
Sep 15, 2023
—
Groff Investments LLC
—
Deed
related
$1,261,834 · Integrity First Capital LLC
Apr 11, 2023
$2,545
Groff Investments LLC
221 North Prince Street LLC
Sheriffs Deed
related
—
Sep 5, 2018
$1,300,000
221 North Princes Street LLC
Empire T V INC
Deed
$1,340,000 · First National Bank Of Pennsylvania
Jun 29, 2012
$439,374
Empire Tv INC
Empire Tv & Appliances INC
Grant Deed
—
—
—
Empire Tv & Appliances INC
—
Deed Of Trust
related
$400,000 · Metropolitan Bank
—
—
Empire Tv & Appliances INC
—
Deed Of Trust
related
$120,000 · Metropolitan Bank
—
—
Empire Tv INC
—
Deed Of Trust
related
$520,000 · Metropolitan Bank
—
—
Empire Tv INC
—
Deed Of Trust
related
$200,000 · Metropolitan 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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