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Property profile & analytics
OFF-MARKET
Estimated value
$2,750,000
Retail space
50 Queen St Lancaster, PA 17603-4292
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-5269238
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1875
Construction
BRICK
Total area
16,084 SF
Lot
0.18 ac (7,841 SF)
Zoning code
CB1
APN
331-64124-0-0000
UPID
US73-5269238
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
-
Ella Jane Vintage Home Decor Store (Bike/Boat/Book/etc) Store
-
The Gem Den (Bike/Boat/Book/etc) Store
-
The Snack Stand Specialty Food Shop
-
Nook Books (Bike/Boat/Book/etc) Store
-
Pop of Color Art Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.75M
CAP Approach
CAP
$2.91M
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.75M
Owner & transaction history
Place Marie Lancaster LLC · 1 yrs held
Place Marie Lancaster LLC
since 2024
Last sale
$2.8M
5 recorded transactions
Zoning & alternative use
CB1 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.2M
+19.0%
Medical building
$3.7M
+4.5%
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
$2,750,000
ML approach
$2,750,000
CAP Approach
CAP Return
Estimation
6%
$3,155,000
6.5%
$2,910,000
7%
$2,705,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,500,000
Current use
COMMERCIAL (GENERAL)
$4,170,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$3,660,000
Change: +5% · Conversion: Difficult
RESTAURANT
$3,285,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$2.75M
Range $2.48M – $3.03M · ±10% · vs last sale $2.75M (Sep 6 2024)
Last sale anchor
$2.75M
Sep 6 2024
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
$171 / 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
$20,351
Tax year 2024
Assessed value
$514,300
Assessed 2024
Previous assessed
$514,300
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$96,200
Assessed improvement
$418,100
Land market value
$96,200
Improvement market value
$418,100
Total market value
$514,300
Applied tax rate
331.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1875
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
16,084 SF
Lot
0.18 ac (7,841 SF)
Zoning code
CB1
APN
331-64124-0-0000
UPID
US73-5269238
Jurisdiction
LANCASTER
Zoning & alternative use
CB1 · Lancaster, PA
Zoning CB1 · permitted uses
CB1 · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.7M
RESTAURANT
Est. value
$3.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
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
1875
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Place Marie Lancaster LLC
Entity
Mailing address
141 W END DR, MANHEIM, PA 17545-9320
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2025
—
Place Marie Lancaster LLC
—
Deed
related
$676,363 · Redevelopment Authority Of City Of Lanca
Mar 21, 2025
—
Place Marie Lancaster LLC
—
Deed
related
$1,417,899 · Edc Finance Corporation
Sep 6, 2024
$2,750,000
Place Marie Lancaster LLC
National Plaza LLC
Deed
$50,000 · Acnb Bank
Jan 20, 2022
—
National Plaza LLC
—
Deed
related
$115,000 · Elvin King
Nov 18, 2021
$2,500,000
Ns Partnership LLC
Place Marie
Deed
$1,740,000 · Acnb 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.
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