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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Parking lots & garages
351 Sprecher Rd Lancaster, PA 17603-9635
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-4078160
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1990
Total area
20,000 SF
Lot
1.2 ac (52,272 SF)
Zoning code
R-1
APN
510-09554-0-0000
UPID
US73-4078160
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
-
Nauman Hardware & Home Improvement Furniture & Home Goods
-
Harkness-Fry Architecture Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$1.98M
Owner & transaction history
Dld Investments LLC · 2 yrs held
Dld Investments LLC
since 2023
Last sale
$1.6M
3 recorded transactions
Zoning & alternative use
R-1 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+23.9%
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
$2,690,000
ML approach
$2,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$2,475,000
Current use
AUTO REPAIR, GARAGE
$3,070,000
Change: +24% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,290,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.98M
Range $1.78M – $2.18M · ±10% · vs last sale $1.55M (Jul 20 2023)
Last sale anchor
$1.55M
Jul 20 2023
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
$99 / 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
$2,098
Tax year 2024
Assessed value
$93,600
Assessed 2024
Previous assessed
$93,600
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$84,000
Assessed improvement
$9,600
Land market value
$84,000
Improvement market value
$9,600
Total market value
$93,600
Applied tax rate
510.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1990
Heating
NONE
Total area
20,000 SF
Lot
1.2 ac (52,272 SF)
Zoning code
R-1
APN
510-09554-0-0000
UPID
US73-4078160
Jurisdiction
LANCASTER
Zoning & alternative use
R-1 · Lancaster, PA
Zoning R-1 · permitted uses
R-1 · 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
PARKING LOT Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
PARKING LOT Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1990
Heating
NONE
Lot
1.2 ac
Current owner
From public records · entity-resolved
Dld Investments LLC
Entity
Mailing address
54 W MAIN ST, STRASBURG, PA 17579-1517
Ownership since
2023
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
Jul 20, 2023
$1,550,000
Dld Investments LLC
Sprecher 351 LLC
Deed
$1,240,000 · Peoples Savings Bank
Jul 10, 2019
$1,200,000
Sprecher 351 LLC
Breneman,gerald S & Lisa J
Grant Deed
$960,000 · Bank Of Bird-in-hand
Jan 2, 2002
—
Gerald S Breneman
H W Nauman & Son INC
Grant Deed
related
—
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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