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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Office Spaces
3024 Lincoln E Hwy Paradise, PA 17562-9652
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-1583742
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,384 SF
Lot
0.9 ac (39,204 SF)
Zoning code
C-2
APN
310-36868-0-0000
UPID
US73-1583742
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
-
Schenke Tool Co Industrial Manufacturer Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.37M
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.84M
Owner & transaction history
Michael A Schenke · 1 yrs held
Michael A Schenke
since 2025
5 recorded transactions
Zoning & alternative use
C-2 · Paradise, 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 Paradise submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paradise 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%
$2,565,000
6.5%
$2,365,000
7%
$2,195,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,025,000
Current use
RESTAURANT
$2,510,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$2,495,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±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
$149 / 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
$12,670
Tax year 2024
Assessed value
$625,800
Assessed 2024
Previous assessed
$625,800
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$230,500
Assessed improvement
$395,300
Land market value
$230,500
Improvement market value
$395,300
Total market value
$625,800
Applied tax rate
310.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Total area
12,384 SF
Lot
0.9 ac (39,204 SF)
Zoning code
C-2
APN
310-36868-0-0000
UPID
US73-1583742
Jurisdiction
LANCASTER
Zoning & alternative use
C-2 · Paradise, PA
Zoning C-2 · permitted uses
C-2 · Paradise, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paradise. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
RESTAURANT
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
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
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Michael A Schenke
Individual
Mailing address
3024 LINCOLN HWY E, PARADISE, PA 17562-9652
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
—
Michael A Schenke
Mary Sue Schenke
Deed
related
—
Jan 13, 2017
—
Reynold A Schenke
—
Deed
related
$283,056 · Univest Bank & Trust Co
Jul 10, 2013
—
Reynold A Schenke
Schenke,reynold A & Robert
Quit Claim Deed
related
$375,000 · National Penn Bank
—
—
Reynold A Schenke
—
Deed Of Trust
related
$125,000 · Hometowne Heritage Bank
—
—
Reynold A Schenke
—
Deed Of Trust
related
$375,000 · Hometowne Heritage 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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