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Property profile & analytics
OFF-MARKET
Estimated value
$14,610,000
Manufacturing properties
3449 Hempland Rd Lancaster, PA 17601-1317
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-1692204
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Construction
STEEL FRAME
Total area
121,412 SF
Lot
10 ac (435,600 SF)
Zoning code
I-2
APN
290-50979-0-0000
UPID
US73-1692204
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
-
Fabral Inc Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.31M
CAP Approach
CAP
$10.41M
Comparable Approach
Comparable
$9.13M
Blend (final)
Blend
$14.61M
Owner & transaction history
Max Comm Property LLC · 5 yrs held
Max Comm Property LLC
since 2021
Last sale
$12.4M
3 recorded transactions
Zoning & alternative use
I-2 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$18.6M
+34.1%
Warehouse, storage
$16.5M
+18.4%
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
$14,610,000
ML approach
$13,310,000
CAP Approach
CAP Return
Estimation
6%
$11,270,000
6.5%
$10,405,000
7%
$9,660,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,895,000
Current use
AUTO REPAIR, GARAGE
$18,625,000
Change: +34% · Conversion: Easy
WAREHOUSE, STORAGE
$16,455,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$14.61M
Range $13.15M – $16.07M · ±10% · vs last sale $12.36M (May 7 2021)
Last sale anchor
$12.36M
May 7 2021
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
$120 / 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
$68,217
Tax year 2024
Assessed value
$3,156,700
Assessed 2024
Previous assessed
$3,156,700
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$892,500
Assessed improvement
$2,264,200
Land market value
$892,500
Improvement market value
$2,264,200
Total market value
$3,156,700
Applied tax rate
290.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1968
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
3
Stories
1
Total area
121,412 SF
Lot
10 ac (435,600 SF)
Zoning code
I-2
APN
290-50979-0-0000
UPID
US73-1692204
Jurisdiction
LANCASTER
Zoning & alternative use
I-2 · Lancaster, PAZoning I-2 · permitted uses
I-2 · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$13.9M
AUTO REPAIR, GARAGE
Est. value
$18.6M
WAREHOUSE, STORAGE
Est. value
$16.5M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1968
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Lot
10 ac
Current owner
From public records · entity-resolved
Max Comm Property LLC
Entity
Mailing address
1370 AVE OF THE AMERICAS FL, NEW YORK, NY 10019-4602
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2021
$12,357,840
Max Comm Property LLC
Omnimax International LLC
Special Warranty Deed
$33,313,851 · Column Financial INC
Jun 16, 2011
—
Fabral INC
—
Deed Of Trust
related
$140,000,000 · Regions Bank
Jul 15, 2005
—
Fabral INC
—
Deed Of Trust
related
$380,000,000 · Bayerische Hypo-und Vereinsban
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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