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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Parking lots & garages
23 Water St Lititz, PA 17543
Individually Owned
6-yr Hold
Free & Clear
Property ID
US73-0760839
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
2011
Construction
STEEL FRAME
Total area
49,300 SF
Lot
3.5 ac (152,460 SF)
Zoning code
I
APN
370-56319-0-0000
UPID
US73-0760839
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
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.22M
Owner & transaction history
Borough Of Lititz · 6 yrs held
Borough Of Lititz
since 2020
4 recorded transactions
Zoning & alternative use
I · Lititz, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
eption. h. Real estate signs shall not exceed twenty-four (24) square feet and shall be removed within a week after settlement on the sale or lease of the property. Such signs are limited to one (1) per street frontage. i. All signs are also subject to all other applicable regulations of this Section, including those outlined in Sub-section 311 K. 6. Industr…
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
162.55 ac
Source
Microsoft Word - ZO cover
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 Lititz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lititz 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
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$25 / 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
$5,042
Tax year 2024
Assessed value
$222,900
Assessed 2024
Previous assessed
$222,900
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$140,300
Assessed improvement
$82,600
Land market value
$140,300
Improvement market value
$82,600
Total market value
$222,900
Applied tax rate
370.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
2011
Construction
STEEL FRAME
Heating
YES
Stories
1
Total area
49,300 SF
Lot
3.5 ac (152,460 SF)
Zoning code
I
APN
370-56319-0-0000
UPID
US73-0760839
Jurisdiction
LANCASTER
Zoning & alternative use
I · Lititz, PAZoning I · permitted uses
I · Lititz, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
eption. h. Real estate signs shall not exceed twenty-four (24) square feet and shall be removed within a week after settlement on the sale or lease of the property. Such signs are limited to one (1) per street frontage. i. All signs are also subject to all other applicable regulations of this Section, including those outlined in Sub-section 311 K. 6. Industrial District. a. Signs permitted under Sub-section 311.E. b. Business Identificat
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
162.55 ac
Source
Microsoft Word - ZO cover
Building & site characteristics
From public records
Year built
2011
Construction
STEEL FRAME
Heating
YES
Stories
1
Lot
3.5 ac
Current owner
From public records · entity-resolved
Borough Of Lititz
Individual
Free & Clear · 6 yrs held
Mailing address
607 N DUKE ST, LANCASTER, PA 17602-2269
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2020
—
Borough Of Lititz
Lancaster General Hospital
Grant Deed
—
Jun 11, 2018
$9,000,000
Lancaster General Hospital
Blackford Dev Ltd
Grant Deed
—
Feb 5, 2018
—
Blackford Development Ltd
Branch Banking And Trust Co
Deed
$6,500,000 · Cnb Bank
Jan 11, 2005
$1,730
Farmers First Bank
Farmers First Bank
Grant Deed
related
—
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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