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Property profile & analytics
OFF-MARKET
Manufacturing properties
2821 Old Tree Dr, Lancaster, PA 17603-7301
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-1643852
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1990
Construction
STEEL FRAME
Total area
51,622 SF
Lot
4.29 ac (186,872 SF)
Zoning code
I-1
APN
290-63845-0-0000
UPID
US73-1643852
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
-
Founders Market & Co. Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Old Tree LLC · 1 yrs held
Old Tree LLC
since 2025
Last sale
$11.6M
7 recorded transactions
Zoning & alternative use
I-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$56,600
Tax year 2024
Assessed value
$2,619,100
Assessed 2024
Previous assessed
$2,619,100
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$542,000
Assessed improvement
$2,077,100
Land market value
$542,000
Improvement market value
$2,077,100
Total market value
$2,619,100
Applied tax rate
290.0000
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
1990
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
51,622 SF
Lot
4.29 ac (186,872 SF)
Zoning code
I-1
APN
290-63845-0-0000
UPID
US73-1643852
Jurisdiction
LANCASTER
Zoning & alternative use
I-1 · Lancaster, PA
Zoning I-1 · permitted uses
I-1 · 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.
Building & site characteristics
From public records
Year built
1990
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
4.29 ac
Current owner
From public records · entity-resolved
Old Tree LLC
Entity
Mailing address
120 N POINTE BLVD STE #201, LANCASTER, PA 17601-4130
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2025
$11,600,823
Old Tree LLC
Old Tree Partners LLC
Deed
$3,500,000 · Bank Of Bird In Hand
Aug 25, 2023
—
Old Tree Partners LLC
—
Deed
related
$2,794,300 · Orrstown Bank
Sep 24, 2021
—
Old Tree Partners LLC
—
Deed
related
$3,408,000 · Orrstown Bank
Dec 30, 2020
$3,700,000
Old Tree Partners LLC
Schmitt Family Partnership
Deed
$2,775,000 · S & T Bank
Mar 18, 2019
—
Township Of East Hempfield
Schmitt Family Ptshp
Grant Deed
—
Oct 24, 2018
—
G G Schmitt & Sons INC
—
Deed
related
$1,000,000 · First Nat'l Bk/pa
Aug 20, 1999
—
Schmitt Family Partnership
—
Deed Of Trust
related
$2,500,000 · Fulton Bank
—
—
Schmitt Family Ptshp
—
Deed Of Trust
related
$150,000 · Fulton Bank
—
—
Schmitt Family Partnership
—
Deed Of Trust
related
$1,113,000 · Fulton Bank
—
—
Schmitt Family Partnership
—
Deed Of Trust
related
$500,000 · Fulton Bank
—
—
G G Schmitt & Sons INC
—
Loan Modification
related
$1,000,000 · First Nat'l Bk/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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