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Property profile & analytics
OFF-MARKET
Estimated value
$7,005,000
Warehouses
25 Race Ave Lancaster, PA 17603-3179
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US73-0162795
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1941
Construction
BRICK
Total area
66,236 SF
Lot
0.84 ac (36,590 SF)
Zoning code
R4
APN
335-31538-0-0000
UPID
US73-0162795
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
-
Eastern Alliance Insurance Agency
-
Alliance Impairment Management Inc Medical Clinic
-
Employers Alliance Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.89M
Comparable Approach
Comparable
$7.47M
Blend (final)
Blend
$7.01M
Owner & transaction history
Eastern Alliance Building LP · 24 yrs held
Eastern Alliance Building LP
since 2002
1 recorded transaction
Zoning & alternative use
R4 · 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%
$7,465,000
6.5%
$6,890,000
7%
$6,400,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,065,000
Current use
AUTO REPAIR, GARAGE
$10,160,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$7.01M
Range $6.30M – $7.71M · ±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
$106 / 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
$108,678
Tax year 2024
Assessed value
$2,746,500
Assessed 2024
Previous assessed
$2,746,500
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$170,400
Assessed improvement
$2,576,100
Land market value
$170,400
Improvement market value
$2,576,100
Total market value
$2,746,500
Applied tax rate
335.0000
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
1941
Construction
BRICK
Heating
STEAM
Cooling
YES
Stories
3
Total area
66,236 SF
Lot
0.84 ac (36,590 SF)
Zoning code
R4
APN
335-31538-0-0000
UPID
US73-0162795
Jurisdiction
LANCASTER
Zoning & alternative use
R4 · Lancaster, PA
Zoning R4 · permitted uses
R4 · 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
$11.1M
AUTO REPAIR, GARAGE
Est. value
$10.2M
WAREHOUSE, STORAGE Current
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
1941
Construction
BRICK
Heating
STEAM
Cooling
Yes
Stories
3
Lot
0.84 ac
Current owner
From public records · entity-resolved
Eastern Alliance Building LP
Entity
Mailing address
99 S CAMERON ST, HARRISBURG, PA 17101-2809
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2002
$200,000
Eastern Alliance Building LP
Lancaster City (pa)
Grant Deed
$150,000 · Lancaster City (pa)
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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