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Property profile & analytics
OFF-MARKET
Estimated value
$3,780,000
Manufacturing properties
2501 Horseshoe Rd, Lancaster, PA 17601-5925
Entity Owned
1-yr Hold
Free & Clear
Property ID
US73-2753234
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Construction
BRICK
Total area
20,000 SF
Lot
1.9 ac (82,764 SF)
Zoning code
I
APN
360-25489-0-0000
UPID
US73-2753234
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
-
Lancaster Mold Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$3.78M
Owner & transaction history
East Penn Manufacturing Co · 1 yrs held
East Penn Manufacturing Co
since 2025
Last sale
$4.1M
2 recorded transactions
Zoning & alternative use
I · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+103.5%
Medical building
$4.6M
+98.9%
Retail stores
$4.1M
+77.5%
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
$4,790,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,290,000
Current use
RESTAURANT
$4,660,000
Change: +104% · Conversion: Difficult
MEDICAL BUILDING
$4,555,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$4,065,000
Change: +78% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,070,000
Change: +34% · Conversion: Easy
WAREHOUSE, STORAGE
$2,710,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$3.78M
Range $3.40M – $4.16M · ±10% · vs last sale $4.05M (Jun 4 2021)
Last sale anchor
$4.05M
Jun 4 2021
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
$189 / 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
$18,587
Tax year 2024
Assessed value
$930,100
Assessed 2024
Previous assessed
$930,100
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$173,800
Assessed improvement
$756,300
Land market value
$173,800
Improvement market value
$756,300
Total market value
$930,100
Applied tax rate
360.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1970
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
20,000 SF
Lot
1.9 ac (82,764 SF)
Zoning code
I
APN
360-25489-0-0000
UPID
US73-2753234
Jurisdiction
LANCASTER
Zoning & alternative use
I · Lancaster, PA
Zoning I · permitted uses
I · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.3M
RESTAURANT
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.6M
RETAIL STORES
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.7M
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1970
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
East Penn Manufacturing Co
Entity
Free & Clear · 1 yrs held
Mailing address
102 DEKA RD, LYON STATION, PA 19536-5001
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2025
—
East Penn Manufacturing Co
East Penn Manufacturing Co
Deed
related
—
Jun 4, 2021
$4,050,000
Lmi Acquisition LLC
Rehm Investments
Deed
—
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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