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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Auto shops
48 Broad St, Lititz, PA 17543-1050
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0996086
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1920
Construction
BRICK
Total area
150,893 SF
Lot
10.13 ac (441,263 SF)
Zoning code
I
APN
370-22980-0-0000
UPID
US73-0996086
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
$945k
Owner & transaction history
Joseph U Lee IV · 6 yrs held
Joseph U Lee IV
since 2019
Last sale
$640,711
7 recorded transactions
Zoning & alternative use
I · Lititz, 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 Lititz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lititz 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
$830,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $641k (Jun 10 2020)
Last sale anchor
$641k
Jun 10 2020
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
$6 / 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
$5,843
Tax year 2024
Assessed value
$258,300
Assessed 2024
Previous assessed
$258,300
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$258,300
Land market value
$258,300
Total market value
$258,300
Applied tax rate
370.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
SPACE
Cooling
YES
Buildings
2
Stories
2
Total area
150,893 SF
Lot
10.13 ac (441,263 SF)
Zoning code
I
APN
370-22980-0-0000
UPID
US73-0996086
Jurisdiction
LANCASTER
Zoning & alternative use
I · Lititz, PA
Zoning I · permitted uses
I · Lititz, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lititz. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
2
Buildings
2
Lot
10.13 ac
Current owner
From public records · entity-resolved
Joseph U Lee IV
Individual
Mailing address
2450 MARIETTA AVE, LANCASTER, PA 17601-1943
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2020
—
Denise M Bollard
—
Deed
related
$180,000 · Fulton Bank NA
Dec 13, 2019
$604,718
Joseph U Lee IV
48 North Broad Street LLC
Grant Deed
$483,250 · Fulton Bk NA
Dec 2, 2019
$601,223
Shannon A Smith
48 North Broad Street LLC
Grant Deed
—
Nov 25, 2019
$1,385,827
J Reed
48 North Broad Street LLC
Grant Deed
$995,000 · Fulton Bk NA
Nov 25, 2019
$950,713
Menno H Eby JR
48 North Broad Street LLC
Grant Deed
—
Nov 13, 2019
$499,271
Kimberly K Schaller
48 North Broad Street LLC
Grant Deed
—
Nov 5, 2019
$651,448
Douglas L Engle
48 North Broad Street LLC
Grant Deed
—
Oct 8, 2019
$701,797
Daniel J Chess
48 North Broad Street LLC
Grant Deed
—
Sep 13, 2019
$719,838
J Lester Wagner
48 North Broad Street LLC
Grant Deed
—
Apr 1, 2019
$499,000
Denise M Bollard
48 North Broad Street LLC
Grant Deed
$176,811 · 48 North Broad Street LLC
Feb 21, 2019
—
Lh Investors LLC
48 North Broad Street LLC
Correction Deed
related
—
Feb 13, 2018
—
48 North Broad Street LLC
Cargill Cocoa & Chocolate INC
Grant Deed
—
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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