New search
Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Auto shops
309 Harrisburg Ave Lancaster, PA 17603-2951
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-0017538
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,928 SF
Lot
0.54 ac (23,522 SF)
Zoning code
MU
APN
339-01553-0-0000
UPID
US73-0017538
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
-
E&S Auto Stylez Interior Design Auto Repair Shop
-
Red Rose City Exhaust Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$555k
Owner & transaction history
311 Harrisbug Ave LLC · 6 yrs held
311 Harrisbug Ave LLC
since 2019
7 recorded transactions
Zoning & alternative use
MU · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$760,000
+68.9%
Medical building
$665,000
+48.4%
Retail stores
$640,000
+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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$450,000
Current use
COMMERCIAL (GENERAL)
$760,000
Change: +69% · Conversion: Moderate
MEDICAL BUILDING
$665,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$640,000
Change: +42% · Conversion: Difficult
WAREHOUSE, STORAGE
$490,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$190 / 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
$18,135
Tax year 2024
Assessed value
$458,300
Assessed 2024
Previous assessed
$458,300
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$152,400
Assessed improvement
$305,900
Land market value
$152,400
Improvement market value
$305,900
Total market value
$458,300
Applied tax rate
339.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
2,928 SF
Lot
0.54 ac (23,522 SF)
Zoning code
MU
APN
339-01553-0-0000
UPID
US73-0017538
Jurisdiction
LANCASTER
Zoning & alternative use
MU · Lancaster, PA
Zoning MU · permitted uses
MU · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$760,000
MEDICAL BUILDING
Est. value
$665,000
RETAIL STORES
Est. value
$640,000
WAREHOUSE, STORAGE
Est. value
$490,000
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
311 Harrisbug Ave LLC
Entity
Free & Clear · 6 yrs held
Mailing address
681 FLEETWOOD DR, LITITZ, PA 17543-6613
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2019
$950,000
311 Harrisbug Ave LLC
Nes Associates LP
Grant Deed
—
Jan 18, 2011
—
Nes Associates LP
309 Harrisburg Pike LP
Grant Deed
related
—
Sep 19, 2007
$1,375,000
Nes Associates
309 Harrisburg Pike
Grant Deed
—
Sep 30, 2005
$510,000
309 Harrisburg Pike
Edc Finance Corp
Grant Deed
—
Jul 19, 2004
$490,000
Edc Finance Corp
Silk Management LLP
Grant Deed
related
—
Oct 19, 2001
$325,000
Silk Management LLP
Petroleum Investment Industry
Grant Deed
$250,000 · Blue Ball National Bank
—
—
Silk Management LLP
—
Deed Of Trust
related
$30,000 · Blue Ball National Bank
—
—
Nes Associates LP
—
Deed Of Trust
related
$500,000 · Fulton 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 309 Harrisburg Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
