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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Office Spaces
49 Main St Leola, PA 17540-1939
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US73-0319891
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1895
Construction
FRAME
Total area
6,188 SF
Lot
1.1 ac (47,916 SF)
Zoning code
MU
APN
360-25188-0-0000
UPID
US73-0319891
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
-
Smoker Wealth Management Financial Advisor
-
Smoker & Company LLC | Leola CPA Accounting Firm
-
Smoker Property Management LLC Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$1.02M
Owner & transaction history
Michael D Smoker · 27 yrs held
Michael D Smoker
since 1999
7 recorded transactions
Zoning & alternative use
MU · Leola, 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 Leola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leola 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%
$1,280,000
6.5%
$1,180,000
7%
$1,100,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,510,000
Current use
RESTAURANT
$1,255,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$1,245,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$165 / 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
$9,216
Tax year 2024
Assessed value
$461,200
Assessed 2024
Previous assessed
$461,200
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$128,800
Assessed improvement
$332,400
Land market value
$128,800
Improvement market value
$332,400
Total market value
$461,200
Applied tax rate
360.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1895
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
2
Total area
6,188 SF
Lot
1.1 ac (47,916 SF)
Zoning code
MU
APN
360-25188-0-0000
UPID
US73-0319891
Jurisdiction
LANCASTER
Zoning & alternative use
MU · Leola, PA
Zoning MU · permitted uses
MU · Leola, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leola. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
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
1895
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Michael D Smoker
Individual
Mailing address
49 E MAIN ST, LEOLA, PA 17540-1939
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
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
Jan 25, 2017
—
Michael D Smoker
—
Deed
related
$775,000 · First National Bank Of Pennsylvania
Jul 14, 1999
$76,470
Michael D Smoker
Smoker,michael D & Constance M
Grant Deed
related
—
—
—
Smoker,michael D & Constance M
—
Deed Of Trust
related
$260,000 · M&t Bk
—
—
Michael D Smoker
—
Deed Of Trust
related
$50,000 · Allfirst Bank
—
—
Michael D Smoker
—
Deed Of Trust
related
$225,000 · Allfirst Bank
—
—
Michael D Smoker
—
Deed Of Trust
related
$100,000 · Manufacturers Traders & Trust
—
—
Michael D Smoker
—
Deed Of Trust
related
$425,000 · Manufacturers Traders & Trust
—
—
Michael D Smoker
—
Deed Of Trust
related
$525,000 · Manufacturers Traders & Trust
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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