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Property profile & analytics
FOR LEASE
Strip malls
2350 E Lincoln Hwy Lancaster, PA 17602
Individually Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-1061993
For Lease
1 / 9
$39,130 SF/Yr
2350 E Lincoln Hwy, Lancaster, PA 17602
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Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
208,150 SF
Lot
35.2 ac (1,533,312 SF)
Zoning code
C-2
APN
310-11885-0-0000
UPID
US73-1061993
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
-
Coffee Co - MillCreek Cafe & Coffee Shop
-
Da V Nails Nail Salon
-
Noodle King Restaurant
-
Lendmark Financial Services LLC Loan Service
-
WAVE ( THE TV-SERVICES YOU CAN RELY ON ) Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.68M
Owner & transaction history
Mcs-lancaster Deholding · 16 yrs held
Mcs-lancaster Deholding
since 2009
7 recorded transactions
Zoning & alternative use
C-2 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,320,000
Current use
Blend value · Realmo final
$5.68M
Range $5.11M – $6.25M · ±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
$27 / 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
$644,494
Tax year 2024
Assessed value
$31,833,800
Assessed 2024
Previous assessed
$31,833,800
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$4,916,800
Assessed improvement
$26,917,000
Land market value
$4,916,800
Improvement market value
$26,917,000
Total market value
$31,833,800
Applied tax rate
310.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Total area
208,150 SF
Lot
35.2 ac (1,533,312 SF)
Zoning code
C-2
APN
310-11885-0-0000
UPID
US73-1061993
Jurisdiction
LANCASTER
Zoning & alternative use
C-2 · Lancaster, PAZoning C-2 · permitted uses
C-2 · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
35.2 ac
Current owner
From public records · entity-resolved
Mcs-lancaster Deholding
Individual
Free & Clear · 16 yrs held
Mailing address
211 N STADIUM BLVD STE #201, COLUMBIA, MO 65203-1161
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Apr 27, 2022
—
Mcs Lancaster De Holding LP
—
Deed
related
$44,200,000 · Bank Of America NA
Apr 5, 2019
—
Mcs-lancaster De Holding LP
—
Deed
related
$44,200,000 · Bank Of America
Jul 6, 2018
—
Nibor Partners L P
—
Deed
related
$278,000 · York Traditions Bank
Jun 3, 2013
—
Mcs Lancaster De Holding LP
—
Deed Of Trust
related
$56,000,000 · Db Private Wealth Mortgage
Apr 29, 2011
—
Nibor Partners LP
—
Deed Of Trust
related
$1,500,000 · York Traditions Bank
Apr 14, 2011
—
Mcs-lancaster De Holding LP
—
Grant Deed
related
$7,600,000 · Integrity Bank
Dec 18, 2009
—
Mcs-lancaster Deholding
—
Grant Deed
related
$24,600,000 · Integrity Bank
Sep 18, 2009
$5,675,000
Mcs-lancaster Deholding
Lancaster Land Dev
Grant Deed
—
Sep 18, 2009
—
Mcs-lancaster Deholding
Lancaster Land Dev
Quit Claim Deed
related
—
—
—
Mcs-lancaster De Holding LP
—
Loan Modification
related
$44,200,000 · Bank Of America
—
—
Mcs-lancaster De Holding LP
—
Deed Of Trust
related
$44,200,000 · Bank Of America
—
—
Nibor Partners LP
—
Deed Of Trust
related
$700,000 · York Traditions 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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