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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Automotive properties
2502 Horseshoe Rd Lancaster, PA 17601-5926
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0092739
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1990
Construction
STEEL FRAME
Total area
6,912 SF
Lot
2.23 ac (97,139 SF)
Zoning code
I
APN
360-76823-0-0000
UPID
US73-0092739
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
-
e.h.c. - Environmental Hazards Control Construction Company Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$915k
Owner & transaction history
2502 Horseshoe Rd LLC · 5 yrs held
2502 Horseshoe Rd LLC
since 2021
Last sale
$895,000
7 recorded transactions
Zoning & alternative use
I · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+32.5%
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
$1,060,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,060,000
Current use
RETAIL STORES
$1,405,000
Change: +32% · Conversion: Difficult
WAREHOUSE, STORAGE
$935,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10% · vs last sale $895k (Jan 21 2021)
Last sale anchor
$895k
Jan 21 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
$132 / 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
$9,111
Tax year 2024
Assessed value
$455,900
Assessed 2024
Previous assessed
$455,900
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$136,900
Assessed improvement
$319,000
Land market value
$136,900
Improvement market value
$319,000
Total market value
$455,900
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
3
Stories
2
Rooms
6
Bathrooms
1
Total area
6,912 SF
Lot
2.23 ac (97,139 SF)
Zoning code
I
APN
360-76823-0-0000
UPID
US73-0092739
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
AUTO REPAIR, GARAGE Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$935,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Buildings
3
Rooms
6
Bathrooms
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
2502 Horseshoe Rd LLC
Entity
Mailing address
235 N DUKE ST #300, LANCASTER, PA 17602-2822
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2021
$895,000
2502 Horseshoe Rd LLC
H3g LLC
Special Warranty Deed
—
Jun 14, 2018
—
H3g LLC
—
Deed
related
$1,000,000 · Peoples Bank
Feb 17, 2017
—
H3g LLC
—
Deed
related
$500,000 · Peoples Bank
Jul 11, 2011
$655,600
H3g LLC
Fisher Brothers Investments
Deed
$335,000 · Manufacturers & Traders Trust Co
May 16, 2005
$485,000
Fisher Brothers Investments
Leed,paul L & Shirley A
Grant Deed
$388,000 · Hometowne Heritage Bank
—
—
Fisher Brothers Investments
—
Deed Of Trust
related
$35,000 · H3g LLC
—
—
Fisher Brothers Investments
—
Deed Of Trust
related
$50,000 · Hometowne Heritage Bank
—
—
Paul L Leed
—
Deed Of Trust
related
$50,000 · Waypoint Bank
—
—
H3g LLC
—
Deed Of Trust
related
$585,000 · Peoplesbank/cordorus Vly
—
—
H3g LLC
—
Deed Of Trust
related
$277,000 · Edc Financial Corp
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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