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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Retail space
402 Duke St Lancaster, PA 17602-4906
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-0305343
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1870
Construction
BRICK
Total area
5,439 SF
Lot
0.1 ac (4,356 SF)
Zoning code
R4
APN
336-98308-0-0000
UPID
US73-0305343
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
$985k
Comparable Approach
Comparable
$781k
Blend (final)
Blend
$875k
Owner & transaction history
Thuy Thi Nguyen Le · 2 yrs held
Thuy Thi Nguyen Le
since 2023
Last sale
$870,000
6 recorded transactions
Zoning & alternative use
R4 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+26.2%
Medical building
$1.2M
+23.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,065,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,005,000
Current use
RESTAURANT
$1,265,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$1,240,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$955,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$835,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $870k (Sep 8 2023)
Last sale anchor
$870k
Sep 8 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
$161 / 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
$12,508
Tax year 2024
Assessed value
$316,100
Assessed 2024
Previous assessed
$316,100
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$45,000
Assessed improvement
$271,100
Land market value
$45,000
Improvement market value
$271,100
Total market value
$316,100
Applied tax rate
336.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1870
Construction
BRICK
Heating
HOT WATER
Stories
3
Units
2
Total area
5,439 SF
Lot
0.1 ac (4,356 SF)
Zoning code
R4
APN
336-98308-0-0000
UPID
US73-0305343
Jurisdiction
LANCASTER
Zoning & alternative use
R4 · Lancaster, PA
Zoning R4 · permitted uses
R4 · 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
RETAIL STORES Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$835,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1870
Construction
BRICK
Heating
HOT WATER
Stories
3
Units
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Thuy Thi Nguyen Le
Individual
Mailing address
414 ENGLISH ROSE CT, LANCASTER, PA 17602-4085
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
$870,000
Thuy Thi Nguyen Le
Emlen & Co LLC
Deed
—
Apr 7, 2021
$390,000
Callahan & Pasic LLC
Kenneth G Smiley
Deed
$331,500 · Prosper Bank
Jun 5, 2000
$205,000
Kenneth G Smiley
Forythe,bette L
Grant Deed
$114,000 · Fulton Bank
—
—
Kenneth G Smiley
—
Deed Of Trust
related
$180,000 · Pnc Bank
—
—
Crispus Attucks Community Ctr
—
Deed Of Trust
related
$35,000 · Community First Fund
—
—
Kenneth G Smiley
—
Deed Of Trust
related
$163,281 · Waypoint Bank
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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