Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2720 Columbia Ave Lancaster, PA 17603-4116
    Back to Search
    Property profile & analytics

    2720 Columbia Ave, Lancaster, PA 17603-4116

    View on Map
    • Auto shops
    • 2,585 SF
    • 0.50 lot acres
    Off-Market
    Last Sale Feb 18, 2026
    $565,000
    Property ID
    US73-1704227
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • PA. Auto Services / Auto Repair Shop

    Property Details for 2720 Columbia Ave

    Year built
    1956
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.50 lot acres
    Zone code
    GC
    Property type
    Auto shops
    APN
    410-87933-0-0000
    APU
    4108793300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $370,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $524,000
      Market price range: $225k - $565k
      AI Estimate
      $444,000
      Market price range: $183k - $486k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $395,000
      Current use
      COMMERCIAL (GENERAL)
      $670,000
      Change: +69% Conversion: Moderate
      MEDICAL BUILDING
      $590,000
      Change: +48% Conversion: Difficult
      RETAIL STORES
      $565,000
      Change: +42% Conversion: Difficult
      WAREHOUSE, STORAGE
      $430,000
      Change: +9% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.3807
    Latitude
    40.0406
    CBSA code
    29540
    CBSA name
    LANCASTER, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,141
    $187,500
    $93,700
    $281,200
    -
    $187,500
    $93,700
    $281,200

    Comparable in this City

    • Value Estimation by Request
      3,168 SF

      653 Un St

      AUTO REPAIR, GARAGE
      653 Un St, Lancaster, PA 17603-5508
      View Details
    • Value Estimation by Request
      2,044 SF

      325 Concord St

      AUTO REPAIR, GARAGE
      325 Concord St, Lancaster, PA 17603-2949
      View Details
    • Value Estimation by Request
      4,820 SF

      401 Harrisburg Ave

      AUTO REPAIR, GARAGE
      401 Harrisburg Ave, Lancaster, PA 17603-2827
      View Details
    • Value Estimation
      $555,000
      2,928 SF

      309 Harrisburg Ave

      AUTO REPAIR, GARAGE
      309 Harrisburg Ave, Lancaster, PA 17603-2951
      View Details
    • Value Estimation by Request
      1,632 SF

      551 1st St

      AUTO REPAIR, GARAGE
      551 1st St, Lancaster, PA 17603-3613
      View Details
    • Value Estimation by Request
      1,095 SF

      111 Lincoln Ave

      AUTO REPAIR, GARAGE
      111 Lincoln Ave, Lancaster, PA 17603-2715
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,458 SF

      Lancaster Mavis Auto Shop For Sale

      NNN leased Mavis auto shop in Lancaster, Pennsylvania.
      1655 Columbia Ave, Lancaster, PA 17603
      View Details
    • Contact for pricing
      2,928 SF

      Lancaster County NNN Investment Opportunity

      NNN investment property with potential for long-term lease.
      309 Harrisburg Ave, Lancaster, PA 17603
      View Details
    • Contact for pricing
      77,294 SF

      Downtown Lancaster Landmark Building

      Iconic 3-story building in the heart of Lancaster City.
      100 N Queen St, Lancaster, PA 17603
      View Details
    • $140,000

      Lancaster City Grocery/Lottery Business

      Grocery and lottery business opportunity in Lancaster, Pennsylvania.
      14 S Prince St, Lancaster, PA 17603
      View Details
    • Contact for pricing
      18,495 SF

      Retail Space For Sale

      18,495 SqFt retail space available for purchase.
      311 Harrisburg Ave, Lancaster, PA 17603
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lancaster City Automotive Repair Shop

      Automotive repair shop for lease in prime Lancaster City location.
      451 S Prince St, Lancaster, PA 17603
      View Details
    • Contact for pricing

      Office Space Near Train Station

      Office space with private offices and parking near transportation.
      1009 N Prince St, Lancaster, PA 17603
      View Details
    • Contact for pricing
      3,500 SF

      Lancaster City Versatile Leasing Opportunity

      Prime property with retail, office, and warehouse spaces for lease.
      220 Hazel St, Lancaster, PA 17603
      View Details
    • Contact for pricing
      2,250 SF

      Lancaster Retail Space For Rent

      Retail space available in Giant-anchored Stone Mill Plaza.
      1368-1398 Columbia Ave, Lancaster, PA 17603
      View Details
    • Contact for pricing

      Lancaster Retail Shopping Center Space

      99,252 SF retail center in Lancaster, Pennsylvania.
      1841 Columbia Ave, Lancaster, PA 17603
      View Details
    • Contact for pricing

      Harrisburg Avenue Retail Space Available

      Modern retail space with full kitchen and high visibility.
      240 Harrisburg Ave, Lancaster, PA 17603
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2720 Columbia Ave
    Lancaster, PA 17603-4116
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2720 Columbia Ave, Lancaster, PA, 17603
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!