Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,715,000
Warehouses
48 Queen Rd Gordonville, PA 17529-9605
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2038274
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
STEEL FRAME
Total area
24,806 SF
Lot
4 ac (174,240 SF)
Zoning code
C-1
APN
350-45239-0-0000
UPID
US73-2038274
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
-
Lapp Gas Appliance LLC Home Appliance Store Hardware & Home Improvement
-
HC Quality Doors Hardware & Home Improvement Production Facility
-
Quality Door Service Hardware & Home Improvement Production Facility
-
Bevanda Department Store Grocery & Convenience Store
-
Baron Insurance Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.58M
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$2.72M
Owner & transaction history
Queen Road Enterprise LP · 10 yrs held
Queen Road Enterprise LP
since 2016
7 recorded transactions
Zoning & alternative use
C-1 · Gordonville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+31.1%
Retail stores
$4.0M
+26.9%
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 Gordonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gordonville 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%
$2,795,000
6.5%
$2,580,000
7%
$2,395,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,150,000
Current use
AUTO REPAIR, GARAGE
$4,130,000
Change: +31% · Conversion: Easy
RETAIL STORES
$4,000,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$2.72M
Range $2.44M – $2.99M · ±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
$109 / 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
$69,119
Tax year 2024
Assessed value
$3,539,900
Assessed 2024
Previous assessed
$3,539,900
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$228,000
Assessed improvement
$3,311,900
Land market value
$228,000
Improvement market value
$3,311,900
Total market value
$3,539,900
Applied tax rate
350.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Total area
24,806 SF
Lot
4 ac (174,240 SF)
Zoning code
C-1
APN
350-45239-0-0000
UPID
US73-2038274
Jurisdiction
LANCASTER
Zoning & alternative use
C-1 · Gordonville, PAZoning C-1 · permitted uses
C-1 · Gordonville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$4.1M
RETAIL STORES
Est. value
$4.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
2007
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
4 ac
Current owner
From public records · entity-resolved
Queen Road Enterprise LP
Entity
Mailing address
212 RED WL RD, NEW HOLLAND, PA 17557-9446
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2021
—
Queen Roa Enterprise LP
—
Deed
related
$300,000 · Univest Bank & Trust Co
Nov 10, 2016
—
Queen Road Ent LP
—
Trustees Deed
related
$200,000 · Branch Bk&tr
Jan 13, 2016
$2,550,000
Queen Road Enterprise LP
King Real Estate
Deed
$1,300,000 · National Pennsylvania Bank
Nov 9, 2005
—
King Real Estate
King Real Estate
Quit Claim Deed
—
Nov 9, 2005
$400,000
King Real Estate
Good Ents Ltd
Grant Deed
related
—
—
—
King Real Estate
—
Deed Of Trust
related
$400,000 · Hometowne Heritage Bank
—
—
King Real Estate
—
Deed Of Trust
related
$1,000,000 · Hometowne Heritage Bank
—
—
King Real Estate
—
Deed Of Trust
related
$1,000,000 · Hometowne Heritage 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.
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 48 Queen Rd?
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.
