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Property profile & analytics
OFF-MARKET
Estimated value
$2,730,000
Retail space
2705 Old Philadelphia Pike Bird In Hand, PA 17505-9707
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-4886562
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1890
Construction
FRAME
Total area
13,120 SF
Lot
1.58 ac (68,825 SF)
APN
310-83994-0-0000
UPID
US73-4886562
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
-
The Old Village Store Arcade & Gaming Center Family Recreation Center
-
Bird-in-Hand Artisan Village (Bike/Boat/Book/etc) Store
-
Creative Rustic Furniture Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.33M
CAP Approach
CAP
$2.38M
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.73M
Owner & transaction history
The Olde Village Store LP · 3 yrs held
The Olde Village Store LP
since 2022
Last sale
$2.6M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+51.5%
Restaurant
$2.7M
+25.7%
Medical building
$2.6M
+25.0%
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 Bird In Hand submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bird In Hand 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
$3,380,000
ML approach
$3,325,000
CAP Approach
CAP Return
Estimation
6%
$2,575,000
6.5%
$2,375,000
7%
$2,205,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,115,000
Current use
COMMERCIAL (GENERAL)
$3,205,000
Change: +51% · Conversion: Easy
RESTAURANT
$2,660,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$2,645,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,185,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$2.73M
Range $2.46M – $3.00M · ±10% · vs last sale $2.60M (Oct 6 2022)
Last sale anchor
$2.60M
Oct 6 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
$208 / 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
$18,660
Tax year 2024
Assessed value
$921,700
Assessed 2024
Previous assessed
$921,700
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$328,700
Assessed improvement
$593,000
Land market value
$328,700
Improvement market value
$593,000
Total market value
$921,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1890
Construction
FRAME
Heating
HOT WATER
Buildings
4
Total area
13,120 SF
Lot
1.58 ac (68,825 SF)
APN
310-83994-0-0000
UPID
US73-4886562
Jurisdiction
LANCASTER
Zoning & alternative use
Zoning · permitted uses
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
RETAIL STORES Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$3.2M
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
1890
Construction
FRAME
Heating
HOT WATER
Buildings
4
Lot
1.58 ac
Current owner
From public records · entity-resolved
The Olde Village Store LP
Entity
Mailing address
2715 OLD PHILADELPHIA PIKE, BIRD IN HAND, PA 17505-9707
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2022
$2,600,000
The Olde Village Store LP
George C Desmond
Deed
$2,500,000 · Bank Of Bird In Hand
Oct 30, 2017
—
George C Desmond
Desmond,george C & Patricia A
Quit Claim Deed
related
—
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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