Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2350 Dairy Rd Lancaster, PA 17601-2308

    • Auto shops
    • 6,000 SF
    • 1.54 lot acres
    OFF-MARKET
    Last Sale
    Jul 31, 2023
    $700,000
    Value Estimations
    $780,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1328151
    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.

    Current Use by Public Records

    • Lancaster Honda / Motorcycle Shop
    • Honda Service / Auto Repair Shop

    Property Details for 2350 Dairy Rd

    Year built
    1972
    Construction
    STEEL FRAME
    Lot size
    1.54 lot acres
    Property size
    6,000 SF
    Zone code
    I-2
    Property type
    Auto shops
    APN
    290-93744-0-0000
    APU
    2909374400000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $905,000
      ML approach
      $955,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $883,000
      Market price range: $522k - $1.31M
      AI Estimate
      $540,000
      Market price range: $290k - $904k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $920,000
      Current use
      RETAIL STORES
      $1,220,000
      Change: +32% Conversion: Difficult
      WAREHOUSE, STORAGE
      $815,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.3653
    Latitude
    40.0825
    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
    $10,855
    $245,100
    $257,200
    $502,300
    -
    $245,100
    $257,200
    $502,300

    Comparable in this City

    • Value Estimation
      $1,625,000
      13,693 SF

      1264 Manheim Pike

      AUTO REPAIR, GARAGE • 13,693 SF
      1264 Manheim Pike, Lancaster, PA 17601
      View Details
    • Value Estimation by Request
      1,641 SF

      899 New Holland Ave

      AUTO REPAIR, GARAGE • 1,641 SF
      899 New Holland Ave, Lancaster, PA 17601-5601
      View Details
    • Value Estimation by Request
      3,320 SF

      Oregon Pike

      AUTO REPAIR, GARAGE • 3,320 SF
      Oregon Pike, Lancaster, PA 17601
      View Details
    • Value Estimation by Request
      2,776 SF

      Lincoln E Hwy

      AUTO REPAIR, GARAGE • 2,776 SF
      Lincoln E Hwy, Lancaster, PA 17601
      View Details
    • Value Estimation
      $3,675,000
      8,948 SF

      1467 Manheim Pike

      AUTO REPAIR, GARAGE • 8,948 SF
      1467 Manheim Pike, Lancaster, PA 17601
      View Details
    • Value Estimation
      $1,175,000
      13,986 SF

      1282 Manheim Pike

      AUTO REPAIR, GARAGE • 13,986 SF
      1282 Manheim Pike, Lancaster, PA 17601-3144
      View Details

    Similar Nearby for Sale

    • $999,000

      Lancaster Car Wash Business Opportunity

      Turnkey car wash business with high visibility in Lancaster, PA.
      320 Granite Run Dr, Lancaster, PA 17601
      View Details
    • $500,000
      1.80 Acres

      Versatile Property with Heated Shop

      Two-story residence with heated shop and showroom on 1.8 acres.
      1952 Landis Valley Rd, Lancaster, PA 17601
      View Details
    • $1,500,000
      4,500 SF

      Lancaster Restaurant Opportunity For Sale

      Turnkey restaurant in Lancaster County, renovated in 2023.
      320 Granite Run Dr, Lancaster, PA 17601
      View Details
    • $268,000

      Lancaster County Restaurant Business Opportunity

      Restaurant business for sale in a vibrant commercial district.
      320 Granite Run Unit Business Only, Lancaster, PA 17601
      View Details
    • $300,000

      Lancaster County Liquor License

      Liquor license for sale in Lancaster County, Pennsylvania.
      Pa Liquor License, Lancaster, PA 17601
      View Details
    • $300,000

      Lancaster County Restaurant Liquor License

      Restaurant liquor license transferable within Lancaster County, Pennsylvania.
      102 103, Lancaster, PA 17601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      33,116 SF

      Overlook Town Center: Retail Space Available

      Lancaster County Strip Center; High-Traffic Location
      0 Fruitville Pike & Granite Run Dr, Lancaster, PA 17601
      View Details
    • Contact for pricing
      70,135 SF

      Shoppes @ the Pointe: Lancaster Retail

      New Retail Space, Lancaster, PA. Excellent Location.
      1515 Lititz Pike, Lancaster, PA 17601
      View Details
    • $115,000
      6,500 SF

      Restaurant Pad Sites For Rent

      Restaurant pad sites available adjacent to new Marriott Hotel.
      1929 Hospitality Dr, Lancaster, PA 17601
      View Details
    • Contact for pricing
      9,340 SF

      Retail Space Available For Rent

      Retail property with 9,340 square feet available for lease.
      1430 Harrisburg Pike, Lancaster, PA 17601
      View Details
    • $23 SF/Yr
      96,885 SF

      Chelsea Square Retail Space

      Lancaster, PA Retail Opportunity
      1643 Manheim Pike, Lancaster, PA 17601
      View Details
    • Contact for pricing
      6,063 SF

      Lancaster Retail Space - Hempland Rd

      Prime Lancaster retail space, 6,063 sq ft.
      3000 Hempland Rd, Lancaster, PA 17601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2350 Dairy Rd
    Lancaster, PA 17601-2308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!