New search
Property profile & analytics
OFF-MARKET
Manufacturing properties
421 Prince St, Lancaster, PA 17603-5601
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-2752372
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1905
Construction
BRICK
Total area
3,526 SF
Lot
0.22 ac (9,583 SF)
Zoning code
MU
APN
334-87962-0-0000
UPID
US73-2752372
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
-
Longview Structures LLC Construction Company General Contractor
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
Jesse T Pellman · 9 yrs held
Jesse T Pellman
since 2017
6 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
$5,279
Tax year 2024
Assessed value
$133,400
Assessed 2024
Previous assessed
$133,400
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$61,200
Assessed improvement
$72,200
Land market value
$61,200
Improvement market value
$72,200
Total market value
$133,400
Applied tax rate
334.0000
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
1905
Construction
BRICK
Heating
FORCED AIR
Stories
1
Total area
3,526 SF
Lot
0.22 ac (9,583 SF)
Zoning code
MU
APN
334-87962-0-0000
UPID
US73-2752372
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
1905
Construction
BRICK
Heating
FORCED AIR
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Jesse T Pellman
Individual
Mailing address
859 FAIRVIEW RD, MANHEIM, PA 17545-9617
Ownership since
2017
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
Nov 29, 2021
—
Jesse T Pellman
—
Deed
related
$110,000 · First Citizens Community Bank
Jan 19, 2017
—
Jesse T Pellman
Longview Structures LLC
Deed
$360,000 · First Citizens Community Bank
Nov 4, 2016
—
Acam Holdings LLC
—
Deed
related
$165,000 · Dean M & Helen S Hertzler
Oct 17, 2014
—
Acam Holdings LLC
—
Trustees Deed
related
$160,000 · Dean M & Helen S Hertzler
Sep 2, 2014
$85,500
Longview Structures LLC
Matthew Zacharias
Deed
$68,400 · National Pennsylvania Bank
—
—
Acam Holdings LLC
—
Deed Of Trust
related
$165,000 · Dean M & Helen S Hertzler
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 421 Prince St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
