Financial
Distress signals
Property profile

480 New Holland Ave Lancaster, PA 17602

OFF-MARKET
Office Spaces
Property ID
US73-1241694
120,547 SF 7.5 ac lot Built 1919
Last sale Mar 2007 · $25,000
Individually Owned Owner of record is an individual. 19-yr Hold Held for 19 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional three-story, 105,000 square foot office building, originally constructed in 1865 and extensively renovated in 2005, presents a unique investment opportunity. Located at 480 New Holland Avenue, the property boasts a blend of creative, traditional, and medical office spaces, making it suitable for a diverse range of tenants. Currently, there is 2,800 square feet of vacant space available, offering immediate occupancy potential. The building features impressive 9-10 foot…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$673k
Tax billed · 2024
Assessed value$17.00M
Assessed land$690k
Assessed improvement$16.31M
Effective rate3.96%

Value estimate

· Sep 2026
$27.43M
$24.68M – $30.17M
CAP approach$23.04M
Submarket $/SF estimate$34.00M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$293/SF
ZIP average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$147 – $414
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
MU
The MU District includes undeveloped land where new mixed use residential and nonresidential development with traditional neighborhood ch...
General categoryMIXED_USE
JurisdictionLANCASTER

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office18.3
Auto Parts Store15.4
Storage Facility15.2

Location

480 New Holland Ave Lancaster, PA 17602-2291
County assessor Recorded deeds · 13 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
162 King, Lancaster, PA 17602-2895 $625,000 Nov 2024 5,722 SF
241 Plum, Lancaster, PA 17602-2792 $6,000,000 Sep 2024 33,628 SF
136 King, Lancaster, PA 17602 $755,000 Sep 2024 5,228 SF
454 New Holland, Lancaster, PA 17602-2289 $2,750,000 Jun 2024 56,452 SF
1412 King, Lancaster, PA 17602-3240 $2,824,076 Jun 2023 8,760 SF
971 Ranck Ml, Lancaster, PA 17602-2517 $521,800 Jan 2023 6,476 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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