Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    481 Royer Dr Lancaster, PA 17601-5195

    • Banks
    • 3,107 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3271335
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fulton Bank / Bank / Loan Service

    Property Details for 481 Royer Dr

    Year built
    2011
    Property size
    3,107 SF
    Property type
    Banks
    APN
    390-00950-1-0001
    APU
    3900095010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.2893
    Latitude
    40.0844
    CBSA code
    29540
    CBSA name
    LANCASTER, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $14,218
    $0.00
    $657,100
    $657,100
    -
    $0.00
    $657,100
    $657,100

    Comparable in this City

    • Value Estimation
      $1,125,000
      2,714 SF

      600 Centerville Rd

      FINANCIAL BUILDING • 2,714 SF
      600 Centerville Rd, Lancaster, PA 17601-1308
      View Details
    • Value Estimation
      $620,000
      5,000 SF

      1683 Oregon Pike

      FINANCIAL BUILDING • 5,000 SF
      1683 Oregon Pike, Lancaster, PA 17601-4311
      View Details
    • Value Estimation
      $680,000
      8,896 SF

      525 Greenfield Rd

      FINANCIAL BUILDING • 8,896 SF
      525 Greenfield Rd, Lancaster, PA 17601-5894
      View Details
    • Value Estimation by Request
      3,497 SF

      310 Centerville Rd

      FINANCIAL BUILDING • 3,497 SF
      310 Centerville Rd, Lancaster, PA 17601-1302
      View Details
    • Value Estimation
      $1,445,000
      3,080 SF

      1415 Lititz Pike

      FINANCIAL BUILDING • 3,080 SF
      1415 Lititz Pike, Lancaster, PA 17601-6503
      View Details
    • Value Estimation
      $630,000
      4,644 SF

      1815 Hempstead Rd

      FINANCIAL BUILDING • 4,644 SF
      1815 Hempstead Rd, Lancaster, PA 17601-5671
      View Details

    Similar Nearby for Sale

    • New
      $500,000
      1.80 Acres

      Versatile Property with Heated Shop

      Two-story residence with heated shop and showroom on 1.8 acres.
      1952 Landis Valley Rd, Lancaster, PA 17601
      View Details
    • Contact for pricing

      Retail Space on Fruitville Pike

      Retail space with dedicated entrance and shared parking.
      1700 Fruitville Pike, Lancaster, PA 17601
      View Details
    • $300,000

      Lancaster County Liquor License

      Liquor license for sale in Lancaster County, Pennsylvania.
      Pa Liquor License, Lancaster, PA 17601
      View Details
    • $300,000

      Lancaster County Restaurant Liquor License

      Restaurant liquor license transferable within Lancaster County, Pennsylvania.
      102 103, Lancaster, PA 17601
      View Details
    • $400,000
      3,863 SF

      Lancaster Restaurant Business For Sale

      Turn-key pub-style restaurant with indoor and outdoor seating in high-traffic area.
      2347 103, Lancaster, PA 17601
      View Details
    • $999,000

      Lancaster Car Wash Business Opportunity

      Turnkey car wash business with high visibility in Lancaster, PA.
      320 Granite Run Dr, Lancaster, PA 17601
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      11,000 SF

      Retail Space on Manheim Pike

      Highly visible retail space available for lease off Route 30.
      1320 Manheim Pike, Lancaster, PA 17601
      View Details
    • Contact for pricing
      2,387 SF

      Lancaster Retail Space For Rent

      Retail space available within Lancaster Shopping Center.
      1625 Lititz Pike, Lancaster, PA 17601
      View Details
    • Contact for pricing
      2,527 SF

      Retail Space in Manheim Township

      Retail space available in a centrally located shopping center.
      1668 Oregon Pike, Lancaster, PA 17601
      View Details
    • $115,000
      6,500 SF

      Retail Pad Sites For Rent

      Retail pad sites with high visibility and frontage on U.S. Route 30.
      1942 Hospitality Dr, Lancaster, PA 17601
      View Details
    • $22 SF/Yr
      3,000 SF

      Centrally Located Retail Sublease Opportunity

      Sublease opportunity with open floor plan and recent updates.
      1890 Fruitville Pike, Lancaster, PA 17601
      View Details
    • $22 SF/Yr
      3,000 SF

      Towne Center Retail Sublease

      Centrally located retail space with open floor plan.
      1848 Fruitville Pike, Lancaster, PA 17601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    481 Royer Dr
    Lancaster, PA 17601-5195
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.