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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Warehouses
2479 Old Philadelphia Pike, Lancaster, PA 17602-3461
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2201476
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2011
Construction
STEEL FRAME
Total area
6,000 SF
Lot
0.59 ac (25,700 SF)
Zoning code
C-2
APN
310-87396-0-0000
UPID
US73-2201476
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
-
Ame's Quality Roofing Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.50M
Owner & transaction history
Locust Lane Properties LLC · 3 yrs held
Locust Lane Properties LLC
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
C-2 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+67.0%
Restaurant
$1.4M
+32.9%
Medical building
$1.4M
+29.9%
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
$1,700,000
ML approach
$1,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,050,000
Current use
COMMERCIAL (GENERAL)
$1,755,000
Change: +67% · Conversion: Difficult
RESTAURANT
$1,400,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$1,365,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$1,110,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$920,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10% · vs last sale $1.40M (Oct 18 2022)
Last sale anchor
$1.40M
Oct 18 2022
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
$249 / 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
$10,364
Tax year 2024
Assessed value
$511,900
Assessed 2024
Previous assessed
$511,900
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$165,200
Assessed improvement
$346,700
Land market value
$165,200
Improvement market value
$346,700
Total market value
$511,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2011
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
2
Rooms
8
Bathrooms
4
Total area
6,000 SF
Lot
0.59 ac (25,700 SF)
Zoning code
C-2
APN
310-87396-0-0000
UPID
US73-2201476
Jurisdiction
LANCASTER
Zoning & alternative use
C-2 · Lancaster, PA
Zoning 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
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RESTAURANT
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$920,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
2011
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
2
Rooms
8
Bathrooms
4
Lot
0.59 ac
Current owner
From public records · entity-resolved
Locust Lane Properties LLC
Entity
Mailing address
6259 REYNOLDS ML RD, SEVEN VALLEYS, PA 17360-8844
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
$1,395,000
Locust Lane Properties LLC
Amos K King
Deed
$1,116,000 · Fulton Bank NA
Dec 29, 2020
—
Amos K King
—
Deed
related
$1,400,000 · Randal V Kline
Jul 17, 2020
—
Amos K King
—
Deed
related
$1,400,000 · Bank Of Bird-in-hand
Sep 26, 2006
$172,500
Amos K King
Skiadas,nicholas E
Warranty Deed
—
Mar 10, 2003
$110,000
Nicholas E Skiadas
Sweigart,nancy L
Grant Deed
$99,000 · Blue Ball National Bank
—
—
Amos K King
—
Deed Of Trust
related
$100,000 · Susquehanna Bank
—
—
Amos K King
—
Deed Of Trust
related
$1,400,000 · Bank Of Bird-in-hand
—
—
Amos K King
—
Deed Of Trust
related
$100,000 · Susquehanna Bank
—
—
Amos K King
—
Deed Of Trust
related
$64,116 · Susquehanna Bank
—
—
Amos K King
—
Deed Of Trust
related
$40,925 · Susquehanna Bank
—
—
Amos K King
—
Deed Of Trust
related
$135,000 · Susquehanna Bank
—
—
Amos K King
—
Deed Of Trust
related
$1,400,000 · Randal V Kline
—
—
Amos K King
—
Deed Of Trust
related
$36,600 · Susquehanna 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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