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Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Turn key restaurants
38 Orange St Lancaster, PA 17603-3800
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0026206
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1915
Construction
BRICK
Total area
9,122 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CB1
APN
331-39388-0-0000
UPID
US73-0026206
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
-
Dr. Margaret A. Reiley, DO Physician
-
Dr. Richard P. Frey, DO Pediatrician Physician
-
Dr. Robert K. Aichele Jr, DO Physician
-
Dr. Melissa A. Tribuzio, MD Pediatrician Physician
-
Dr. Steven C. Wilbraham, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.37M
Owner & transaction history
Sun & Moon Realty LLC · 3 yrs held
Sun & Moon Realty LLC
since 2022
7 recorded transactions
Zoning & alternative use
CB1 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.1M
+11.5%
Retail stores
$2.0M
+6.6%
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 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
$1,835,000
ML approach
$1,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,865,000
Current use
MEDICAL BUILDING
$2,075,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$1,985,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$1,525,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±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
$150 / 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
$18,218
Tax year 2024
Assessed value
$460,400
Assessed 2024
Previous assessed
$460,400
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$93,800
Assessed improvement
$366,600
Land market value
$93,800
Improvement market value
$366,600
Total market value
$460,400
Applied tax rate
331.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1915
Construction
BRICK
Heating
ELECTRIC
Stories
1
Units
2
Total area
9,122 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CB1
APN
331-39388-0-0000
UPID
US73-0026206
Jurisdiction
LANCASTER
Zoning & alternative use
CB1 · Lancaster, PA
Zoning CB1 · permitted uses
CB1 · 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
RESTAURANT Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.5M
RESTAURANT Current
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
1915
Construction
BRICK
Heating
ELECTRIC
Stories
1
Units
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Sun & Moon Realty LLC
Entity
Mailing address
515 HAND AVE, LANCASTER, PA 17602-2112
Ownership since
2022
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
Dec 16, 2022
$1,110,000
Sun & Moon Realty LLC
Franseppe II LLC
Deed
$708,472 · Community First Fund
Jan 29, 2013
$540,000
Franseppe II LLC
Miller,tyrone G & Debra A
Grant Deed
$365,000 · Pnc Bank
Nov 3, 2003
$312,500
Tyrone G Miller
Riley,charles T & C P
Grant Deed
$284,000 · Blue Ball National Bank
—
—
Tyrone G Miller
—
Deed Of Trust
related
$70,540 · Charles T Riley
—
—
Tyrone G Miller
—
Deed Of Trust
related
$225,000 · High Real Estate Group LLC
—
—
Tyrone G Miller
—
Deed Of Trust
related
$35,000 · Community First Fund
—
—
Tyrone G Miller
—
Deed Of Trust
related
$284,000 · Manufacturers Traders & Trust
—
—
Tyrone G Miller
—
Deed Of Trust
related
$142,309 · Manufacturers Traders & Trust
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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