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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Car washes
2901 Columbia Ave Lancaster, PA 17603
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-4269734
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2015
Total area
3,638 SF
Lot
1.38 ac (60,113 SF)
APN
290-07703-0-0000
UPID
US73-4269734
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$796k
Blend (final)
Blend
$665k
Owner & transaction history
M Barrett Ents LLC · 12 yrs held
M Barrett Ents LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$945,000
+68.9%
Medical building
$830,000
+48.4%
Retail stores
$790,000
+41.9%
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
by Request
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$560,000
Current use
COMMERCIAL (GENERAL)
$945,000
Change: +69% · Conversion: Moderate
MEDICAL BUILDING
$830,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$790,000
Change: +42% · Conversion: Difficult
WAREHOUSE, STORAGE
$610,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±10%
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
$183 / 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
$14,619
Tax year 2024
Assessed value
$676,500
Assessed 2024
Previous assessed
$676,500
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$278,500
Assessed improvement
$398,000
Land market value
$278,500
Improvement market value
$398,000
Total market value
$676,500
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2015
Heating
YES
Cooling
YES
Stories
1
Total area
3,638 SF
Lot
1.38 ac (60,113 SF)
APN
290-07703-0-0000
UPID
US73-4269734
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
AUTO REPAIR, GARAGE Current
Est. value
$560,000
COMMERCIAL (GENERAL)
Est. value
$945,000
MEDICAL BUILDING
Est. value
$830,000
RETAIL STORES
Est. value
$790,000
WAREHOUSE, STORAGE
Est. value
$610,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2015
Heating
YES
Cooling
Yes
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
M Barrett Ents LLC
Entity
Mailing address
233 N DUKE ST STE, LANCASTER, PA 17602-2829
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2020
—
Zero Seven LLC
—
Deed
related
$605,000 · Edc Fin
Oct 31, 2019
—
Zero Seven L L C
—
Deed
related
$266,500 · First National Bank Of Pennsylvania
Jul 5, 2016
—
Bfr 2 LLC
—
Deed
related
$2,000,000 · Manufacturers & Traders Trust Co
Jun 6, 2014
$42,000
M Barrett Ents LLC
Rrsl LLC
Grant Deed
—
Mar 27, 2009
—
Rrsl LLC
Rsgk Associates LLC
Grant Deed
—
Mar 30, 2005
$510,000
Rsgk Associates LLC
Pennino,raymond J & Alison J
Grant Deed
$545,000 · Manufacturers & Traders Tr
—
—
Vehicle Cleaning Lancaster LP
—
Deed Of Trust
related
$455,000 · Edc Fin
—
—
Zero Seven LLC
—
Deed Of Trust
related
$605,000 · Edc Fin
—
—
Champion Wash Station LLC
—
Deed Of Trust
related
$383,000 · Metro Bk
—
—
Champion Wash Station LLC
—
Deed Of Trust
related
$352,000 · Metro Bk
—
—
Champion Wash Station LLC
—
Deed Of Trust
related
$440,000 · Metro Bk
—
—
Zero Seven LLC
—
Deed Of Trust
related
$837,500 · 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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