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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Manufacturing properties
2959 Old Tree Dr Lancaster, PA 17603-4060
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US73-5954547
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1976
Construction
STEEL FRAME
Total area
36,000 SF
Lot
2.16 ac (94,090 SF)
Zoning code
I-2
APN
290-25228-0-0000
UPID
US73-5954547
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
-
Apex Advertising, Inc. Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.09M
Comparable Approach
Comparable
$3.11M
Blend (final)
Blend
$1.40M
Owner & transaction history
Apex Property Partners · 17 yrs held
Apex Property Partners
since 2009
7 recorded transactions
Zoning & alternative use
I-2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,340,000
6.5%
$3,085,000
7%
$2,865,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,120,000
Current use
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±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
$39 / 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
$34,704
Tax year 2024
Assessed value
$1,605,900
Assessed 2024
Previous assessed
$1,605,900
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$327,800
Assessed improvement
$1,278,100
Land market value
$327,800
Improvement market value
$1,278,100
Total market value
$1,605,900
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
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
36,000 SF
Lot
2.16 ac (94,090 SF)
Zoning code
I-2
APN
290-25228-0-0000
UPID
US73-5954547
Jurisdiction
LANCASTER
Zoning & alternative use
I-2 · Lancaster, PAZoning I-2 · permitted uses
I-2 · Lancaster, PA
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.1M
INDUSTRIAL (GENERAL) Current
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
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.16 ac
Current owner
From public records · entity-resolved
Apex Property Partners
Entity
Mailing address
2959 OLD TREE DR, LANCASTER, PA 17603-4060
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
Apex Property Partners LP
—
Deed
related
$1,050,000 · Fulton Bank NA
Dec 30, 2022
—
Apex Property Partners LP
—
Deed
related
$1,300,000 · Fulton Bank NA
Sep 1, 2017
—
Apex Property Partners LP
—
Deed
related
$565,000 · Fulton Bank NA
Apr 23, 2009
—
Apex Property Partners
Old Sycamore Associates
Grant Deed
—
Oct 1, 2007
$1,280,000
Apex Property Partners
Yurchak,john JR & Linda L
Grant Deed
$1,500,000 · Sovereign Bank
—
—
John Yurchak
—
Deed Of Trust
related
$190,000 · Bank Of Lancaster County NA
—
—
John Yurchak
—
Deed Of Trust
related
$200,000 · Union National Community Bank
—
—
John Yurchak
—
Deed Of Trust
related
$377,000 · Union National Community Bank
—
—
Yurchak Printing INC
—
Deed Of Trust
related
$30,000 · Union National Community Bank
—
—
John Yurchak
—
Deed Of Trust
related
$288,000 · Union National Community Bank
—
—
John Yurchak JR.
—
Deed Of Trust
related
$300,000 · Union National Community Bank
—
—
John Yurchak
—
Deed Of Trust
related
$190,000 · Oce Printing Systems USA INC
—
—
John Yurchak
—
Deed Of Trust
related
$155,000 · Union National Community Bank
—
—
John Yurchak
—
Deed Of Trust
related
$350,000 · Bank Of Lancaster County NA
—
—
Apex Property Partners
—
Deed Of Trust
related
$950,000 · Sovereign Bank
—
—
John Yurchak
—
Deed Of Trust
related
$83,000 · Bank Of Lancaster County NA
—
—
John Yurchak
—
Deed Of Trust
related
$100,000 · Bank Of Lancaster County NA
—
—
John Yurchak
—
Deed Of Trust
related
$40,000 · Bank Of Lancaster County NA
—
—
John Yurchak JR.
—
Deed Of Trust
related
$528,000 · Union National Community Bank
—
—
John Yurchak JR.
—
Deed Of Trust
related
$300,000 · Union National Community Bank
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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