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Property profile & analytics
FOR LEASE
Retail space
425 N Prince St Lancaster, PA 17603
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US73-0085049
For Lease
1 / 2
$8.95 SF/Yr
425 N Prince St, Lancaster, PA 17603
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Construction
BRICK
Total area
40,374 SF
Lot
1.01 ac (43,996 SF)
Zoning code
MU
APN
339-06226-0-0000
UPID
US73-0085049
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
-
Web Xtreme Inc Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Peaceful Homes Property Management Property Management Company
-
SBOA Tenant Insurance Insurance Agency
-
Addison Dane Advertising Agency Marketing & Advertising
-
Aurora Home Care Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.31M
Comparable Approach
Comparable
$6.18M
Blend (final)
Blend
$6.45M
Owner & transaction history
Properties Swisher · 18 yrs held
Properties Swisher
since 2007
7 recorded transactions
Zoning & alternative use
MU · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.5M
+19.0%
Medical building
$9.2M
+4.5%
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%
$7,920,000
6.5%
$7,310,000
7%
$6,790,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,790,000
Current use
COMMERCIAL (GENERAL)
$10,460,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$9,190,000
Change: +5% · Conversion: Difficult
RESTAURANT
$8,245,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$6.45M
Range $5.81M – $7.10M · ±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
$160 / 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
$124,363
Tax year 2024
Assessed value
$3,142,900
Assessed 2024
Previous assessed
$3,142,900
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$180,600
Assessed improvement
$2,962,300
Land market value
$180,600
Improvement market value
$2,962,300
Total market value
$3,142,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1910
Construction
BRICK
Heating
YES
Cooling
YES
Stories
3
Units
29
Total area
40,374 SF
Lot
1.01 ac (43,996 SF)
Zoning code
MU
APN
339-06226-0-0000
UPID
US73-0085049
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$10.5M
MEDICAL BUILDING
Est. value
$9.2M
RESTAURANT
Est. value
$8.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
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
1910
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
3
Units
29
Lot
1.01 ac
Current owner
From public records · entity-resolved
Properties Swisher
Entity
Mailing address
PO BOX 1806, LANCASTER, PA 17608-1806
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2025
—
Swisher Properties LP
—
Deed
related
$1,451,000 · The Ephrata National Bank
Nov 7, 2019
—
Swisher Properties LP
—
Deed
related
$4,203,000 · The Epharata National Bank
Oct 12, 2010
—
Properties LP Swisher
—
Deed Of Trust
related
$4,300,000 · National Penn Bank
Aug 30, 2007
$451,237
Properties Swisher
Scd Associates
Grant Deed
—
Aug 30, 2007
—
Properties Swisher
Swisher Properties
Quit Claim Deed
related
$3,300,000 · National Penn Bank
May 7, 2002
$506,850
Scd Associates LP
Prince Street Associates LP
Grant Deed
—
—
—
Swisher Properties LP
—
Deed Of Trust
related
$2,950,000 · Riverview Bk
—
—
Scd Associates
—
Deed Of Trust
related
$257,624 · Susquehanna Bank Pa
—
—
Scd Associates
—
Deed Of Trust
related
$300,000 · Liberty Property Holdings LP
—
—
Scd Associates LP
—
Deed Of Trust
related
$360,270 · Prince Street Associates LP
—
—
Scd Associates LP
—
Deed Of Trust
related
$250,000 · Lancaster City (pa)
—
—
Scd Associates LP
—
Deed Of Trust
related
$90,000 · Lancaster City (pa)
—
—
Scd Associates
—
Deed Of Trust
related
$259,000 · Waypoint Bank
—
—
Properties Swisher
—
Deed Of Trust
related
$670,000 · National Penn Bank
—
—
Properties Swisher
—
Deed Of Trust
related
$900,000 · Edc Financial Corp
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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