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Property profile & analytics
OFF-MARKET
Commercial land
4 Decatur St, Strasburg, PA 17579
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-1537889
Property summary
AI-generated overview
This exceptional 1,020 square foot commercial space, located in the charming "Old Bank Building" in historic downtown Strasburg, Pennsylvania, is perfect for a variety of businesses. Situated on the first floor, this single-tenant space offers convenient access and ample parking. The property features central air conditioning and is handicap accessible. The space is classified as both traditional and creative office space, making it suitable for a range of professional uses. A shared conference room is available for tenant use, adding a valuable amenity. Utilities are the responsibility of the tenant, including electricity, water, and sewer. The property is located at 4 S Decatur St, Strasburg, PA 17579. This prime location offers excellent visibility and accessibility within the vibrant heart of Strasburg. The space will become available on February 1st, 2025. The property type is listed as Retail, Office, and Special Purpose.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.14 ac (6,098 SF)
Zoning code
C-1
APN
570-98815-0-0000
UPID
US73-1537889
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Choice Partners LP · 2 yrs held
Choice Partners LP
since 2024
1 recorded transaction
Zoning & alternative use
C-1 · Strasburg, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Strasburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Strasburg 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,310
Tax year 2024
Assessed value
$54,800
Assessed 2024
Previous assessed
$54,800
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$51,700
Assessed improvement
$3,100
Land market value
$51,700
Improvement market value
$3,100
Total market value
$54,800
Applied tax rate
570.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.14 ac (6,098 SF)
Zoning code
C-1
APN
570-98815-0-0000
UPID
US73-1537889
Jurisdiction
LANCASTER
Zoning & alternative use
C-1 · Strasburg, PA
Zoning C-1 · permitted uses
C-1 · Strasburg, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Strasburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Choice Partners LP
Entity
Mailing address
4 PO BOX 850TH DR, AURORA, OH 44202-0850
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2024
$880,000
Choice Partners LP
Pnc Bank National Association
Special Warranty Deed
$677,000 · Univest Bank & Trust Co
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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