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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Grocery and convenience stores
301 Ann St Lancaster, PA 17602-4321
Individually Owned
9-yr Hold
Property ID
US73-1240408
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1901
Construction
FRAME
Total area
3,676 SF
Lot
0.2 ac (8,712 SF)
Zoning code
R3
APN
337-24427-0-0000
UPID
US73-1240408
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
-
M & M Mini Market Grocery & Convenience Store Food Market
-
Espino's Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
$833k
Blend (final)
Blend
$630k
Owner & transaction history
Jordan Morales · 9 yrs held
Jordan Morales
since 2017
4 recorded transactions
Zoning & alternative use
R3 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ion materials and design. See also § 300-42I , which may require a larger sight triangle for a parking lot. Maximum Height of Fences, Walls and Hedges Height Limitations Measured from Grade Residential Districts R1, R2, R3, R4, RO, MU (feet) Nonresidential Districts C1, C2, C3, CB, CB1, CM, SM, DF, HC, PO (feet) Residential property Fences and walls Minimum…
Zone name
Residential Medium Density
General category
CIVIC_INSTITUTIONAL
Zone area
966.19 ac
Top alternative use upside
Medical building
$835,000
+23.3%
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
$495,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$620,000
Alternative Use
Use
Estimation
RETAIL STORES
$680,000
Current use
MEDICAL BUILDING
$835,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$645,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$565,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$171 / 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
$13,335
Tax year 2024
Assessed value
$337,000
Assessed 2024
Previous assessed
$337,000
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$45,000
Assessed improvement
$292,000
Land market value
$45,000
Improvement market value
$292,000
Total market value
$337,000
Applied tax rate
337.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1901
Construction
FRAME
Heating
HOT WATER
Buildings
2
Stories
2
Rooms
9
Bathrooms
6
Total area
3,676 SF
Lot
0.2 ac (8,712 SF)
Zoning code
R3
APN
337-24427-0-0000
UPID
US73-1240408
Jurisdiction
LANCASTER
Zoning & alternative use
R3 · Lancaster, PAZoning R3 · permitted uses
R3 · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ion materials and design. See also § 300-42I , which may require a larger sight triangle for a parking lot. Maximum Height of Fences, Walls and Hedges Height Limitations Measured from Grade Residential Districts R1, R2, R3, R4, RO, MU (feet) Nonresidential Districts C1, C2, C3, CB, CB1, CM, SM, DF, HC, PO (feet) Residential property Fences and walls Minimum front yard 4*** 4*** Secondary front yard* 6 6 Side and rear yard 6 6 Permitted bu
Zone name
Residential Medium Density
General category
CIVIC_INSTITUTIONAL
Zone area
966.19 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$680,000
MEDICAL BUILDING
Est. value
$835,000
WAREHOUSE, STORAGE
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$565,000
RETAIL STORES Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1901
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
2
Rooms
9
Bathrooms
6
Lot
0.2 ac
Current owner
From public records · entity-resolved
Jordan Morales
Individual
Mailing address
53 N DUKE ST STE #309, LANCASTER, PA 17602-2841
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2019
—
Jordan Morales
—
Deed
related
$65,000 · Robert Bacher
Nov 2, 2018
—
Jordan Morales
—
Deed
related
$130,000 · Loan Ranger LP
May 12, 2017
—
Jordan Morales
Morales,anita
Quit Claim Deed
—
—
—
Jordan Morales
—
Deed Of Trust
related
$65,000 · Robert Bacher
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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