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Property profile & analytics
OFF-MARKET
Manufacturing properties
41 Lemon St, Lancaster, PA 17603-3112
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1034930
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1920
Construction
BRICK
Total area
73,840 SF
Lot
0.48 ac (20,909 SF)
Zoning code
MU
APN
339-06917-0-0000
UPID
US73-1034930
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
-
The Lancaster Press Building Condominium Complex
-
Quest Training Center Tutoring Service
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
Michael C Carlini · 6 yrs held
Michael C Carlini
since 2020
Last sale
$312,920
7 recorded transactions
Zoning & alternative use
MU · Lancaster, 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 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
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
$13,648
Tax year 2024
Assessed value
$344,900
Assessed 2024
Previous assessed
$344,900
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$76,800
Assessed improvement
$268,100
Land market value
$76,800
Improvement market value
$268,100
Total market value
$344,900
Applied tax rate
339.0000
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
1920
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
5
Total area
73,840 SF
Lot
0.48 ac (20,909 SF)
Zoning code
MU
APN
339-06917-0-0000
UPID
US73-1034930
Jurisdiction
LANCASTER
Zoning & alternative use
MU · Lancaster, PA
Zoning MU · permitted uses
MU · 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.
Building & site characteristics
From public records
Year built
1920
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
5
Lot
0.48 ac
Current owner
From public records · entity-resolved
Michael C Carlini
Individual
Mailing address
33 N MARKET ST, LANCASTER, PA 17603-3805
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2020
$295,000
Michael C Carlini
Lancaster Press Partners LP
Correction Deed
—
May 18, 2020
$312,920
Sandra Louise Becker
Lancaster Press Partners L P
Deed
$250,336 · Homesale Mortgage LLC
Mar 19, 2020
$295,000
Michael C Carlini
Lancaster Press Partners LP
Grant Deed
—
Apr 6, 2018
—
Lancaster Press Partners LP
—
Deed
related
$1,400,000 · Wagman Construction INC
Nov 9, 2017
$378,880
Jeffrey Ostrowski
Lancaster Press Partners LP
Grant Deed
—
Apr 13, 2017
$35,880,929
Timothy C Quinn JR
Lancaster Press Partners LP
Grant Deed
—
Apr 7, 2017
$358,900
Randolph Henandez
Lancaster Press Partners LP
Deed
$287,120 · S & T Bank
Apr 7, 2017
$339,850
Triple J Associates Ltd
Lancaster Press Partners LP
Deed
$271,880 · S & T Bank
Mar 30, 2017
$281,980
Rosa Rosanna B Fleming
Lancaster Press Partners LP
Deed
$225,584 · Fulton Bank NA
Mar 15, 2017
$362,607
Mark E Rothermel
Lancaster Press Partners LP
Deed
$270,000 · Fulton Bank NA
Mar 6, 2017
$298,800
Triple J Associates Ltd
Lancaster Press Partners LP
Grant Deed
—
Feb 17, 2017
$166,377
Timothy E Leary
Lancaster Press Partners LP
Deed
$149,739 · Fulton Bank NA
Feb 10, 2017
$595,443
Triple J Associates Ltd
Lancaster Press Partners LP
Grant Deed
—
Feb 6, 2017
$693,356
Susan H Johnson
Lancaster Press Partners LP
Grant Deed
—
Feb 1, 2017
$184,809
Keith R Brill
Lancaster Press Partners LP
Grant Deed
—
Jan 31, 2017
$217,196
Karen Beach
Lancaster Press Partners LP
Grant Deed
—
Sep 23, 2015
—
Lancaster Press Partners LP
—
Trustees Deed
related
$750,000 · Mid Penn Bk
Apr 14, 2014
$200,000
Lancaster Press Partners LP
City Of Lancaster Pennsylvania
Grant Deed
—
—
—
Lancaster Press Partners LP
—
Deed Of Trust
related
$900,000 · Redevelopment Authority/city/l
—
—
Lancaster Press Partners LP
—
Deed Of Trust
related
$1,400,000 · Wagman Construction INC
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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