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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Office Spaces
309 4th St Quarryville, PA 17566-1124
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-5732837
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,355 SF
Lot
0.64 ac (27,878 SF)
Zoning code
C-1
APN
530-01002-0-0000
UPID
US73-5732837
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$930k
Owner & transaction history
Robert R Herr · 6 yrs held
Robert R Herr
since 2019
6 recorded transactions
Zoning & alternative use
C-1 · Quarryville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
k regulations. Article VI Mixed-Use (MU) District § 420-601 Purpose and general regulations. § 420-602 Uses permitted by right and special exception. § 420-603 Area and bulk regulations. Article VII Commercial District (C-1) § 420-701 Purpose and general regulations. § 420-702 Uses permitted by right and special exception. § 420-703 Area and bulk regulations…
Zone name
Commercial
General category
COMMERCIAL
Zone area
26.92 ac
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 Quarryville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Quarryville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,490,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$1,480,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$126 / 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
$7,523
Tax year 2024
Assessed value
$375,000
Assessed 2024
Previous assessed
$375,000
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$71,500
Assessed improvement
$303,500
Land market value
$71,500
Improvement market value
$303,500
Total market value
$375,000
Applied tax rate
530.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
7,355 SF
Lot
0.64 ac (27,878 SF)
Zoning code
C-1
APN
530-01002-0-0000
UPID
US73-5732837
Jurisdiction
LANCASTER
Zoning & alternative use
C-1 · Quarryville, PAZoning C-1 · permitted uses
C-1 · Quarryville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
k regulations. Article VI Mixed-Use (MU) District § 420-601 Purpose and general regulations. § 420-602 Uses permitted by right and special exception. § 420-603 Area and bulk regulations. Article VII Commercial District (C-1) § 420-701 Purpose and general regulations. § 420-702 Uses permitted by right and special exception. § 420-703 Area and bulk regulations. Article VIII Highway Commercial District (C-2) § 420-801 Purpose and general regu
Zone name
Commercial
General category
COMMERCIAL
Zone area
26.92 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Robert R Herr
Individual
Mailing address
1665 FURNISS RD, DRUMORE, PA 17518-9768
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2019
—
Robert R Herr
—
Deed
related
$200,000 · Wayne S Herr
Oct 2, 2019
$752,500
Robert R Herr
Fourth Street LLC
Grant Deed
$350,000 · Farmers & Merchants Tr/chamber
May 8, 2017
—
Fourth Street LLC
—
Deed
related
$508,000 · Farmers & Merchants Tr
Dec 4, 2006
$475,000
Fourth Street LLC
Lapp,d Clair & Linda J
Grant Deed
$389,500 · Douglas W Rebert
—
—
Robert R Herr
—
Deed Of Trust
related
$200,000 · Wayne S Herr
—
—
Fourth Street LLC
—
Deed Of Trust
related
$508,000 · Farmers & Merchants Tr
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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