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Property profile & analytics
OFF-MARKET
Estimated value
$1,730,000
Medical Office Space
317 Chestnut St Quarryville, PA 17566-1184
Individually Owned
Free & Clear
Property ID
US73-2708076
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
FRAME
Total area
12,327 SF
Lot
1.47 ac (64,033 SF)
Zoning code
R-1
APN
530-99601-0-0000
UPID
US73-2708076
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
$2.28M
Blend (final)
Blend
$1.73M
Owner & transaction history
LANCASTER GENERAL HOSPITAL
LANCASTER GENERAL HOSPITAL
Zoning & alternative use
R-1 · Quarryville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
eneral Provisions § 420-101 Title; intent. § 420-102 Establishment of controls. § 420-103 Establishment of districts. § 420-104 Zoning Map. § 420-105 Severability; repealer. § 420-106 Word usage; definitions. Article II R-1 Residential District § 420-201 Purpose and general regulations. § 420-202 Uses permitted by right and special exception. § 420-203 Area…
Zone name
Residential
General category
RESIDENTIAL
Zone area
278.62 ac
Top alternative use upside
Restaurant
$2.5M
+0.6%
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
MEDICAL BUILDING
$2,485,000
Current use
RESTAURANT
$2,500,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,055,000
Change: -17% · Conversion: Difficult
RETAIL STORES
$1,985,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±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
$140 / 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
$27,451
Tax year 2024
Assessed value
$1,368,400
Assessed 2024
Previous assessed
$1,368,400
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$87,500
Assessed improvement
$1,280,900
Land market value
$87,500
Improvement market value
$1,280,900
Total market value
$1,368,400
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 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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
12,327 SF
Lot
1.47 ac (64,033 SF)
Zoning code
R-1
APN
530-99601-0-0000
UPID
US73-2708076
Jurisdiction
LANCASTER
Zoning & alternative use
R-1 · Quarryville, PAZoning R-1 · permitted uses
R-1 · Quarryville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
eneral Provisions § 420-101 Title; intent. § 420-102 Establishment of controls. § 420-103 Establishment of districts. § 420-104 Zoning Map. § 420-105 Severability; repealer. § 420-106 Word usage; definitions. Article II R-1 Residential District § 420-201 Purpose and general regulations. § 420-202 Uses permitted by right and special exception. § 420-203 Area and bulk regulations. Article III R-2 Residential District § 420-301 Purpose and ge
Zone name
Residential
General category
RESIDENTIAL
Zone area
278.62 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.5M
RESTAURANT
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1996
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.47 ac
Current owner
From public records · entity-resolved
LANCASTER GENERAL HOSPITAL
Individual
Free & Clear · 0 yrs held
Mailing address
555 N DUKE ST, LANCASTER, PA 17602-2250
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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