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Property profile & analytics
OFF-MARKET
Estimated value
$7,095,000
Motels
500 Centerville Rd Lancaster, PA 17601-1306
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US73-5738519
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1969
Construction
BRICK
Total area
88,185 SF
Lot
10.3 ac (448,668 SF)
Zoning code
CC
APN
290-62795-0-0000
UPID
US73-5738519
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
-
Heritage Hotel - Lancaster Hotel & Motel
-
Loxley's Restaurant and Patio Bar - Lancaster Restaurant
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.10M
Owner & transaction history
York Sherwood Associates · 20 yrs held
York Sherwood Associates
since 2006
7 recorded transactions
Zoning & alternative use
CC · Lancaster, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$80 / 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
$104,252
Tax year 2024
Assessed value
$4,824,200
Assessed 2024
Previous assessed
$4,824,200
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$1,647,500
Assessed improvement
$3,176,700
Land market value
$1,647,500
Improvement market value
$3,176,700
Total market value
$4,824,200
Applied tax rate
290.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1969
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
3
Units
166
Total area
88,185 SF
Lot
10.3 ac (448,668 SF)
Zoning code
CC
APN
290-62795-0-0000
UPID
US73-5738519
Jurisdiction
LANCASTER
Zoning & alternative use
CC · Lancaster, PAZoning CC · permitted uses
CC · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1969
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
166
Lot
10.3 ac
Current owner
From public records · entity-resolved
York Sherwood Associates
Entity
Mailing address
820 HERITAGE HLS DR, YORK, PA 17402-8400
Ownership since
2006
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
May 17, 2024
—
York Sherwood Associates LP
—
Deed
related
$6,175,000 · Newtek Bank NA
Jul 12, 2023
—
York Sherwood Associates LP
—
Deed
related
$4,400,000 · Bruce Road LLC
Mar 13, 2019
—
York Sherwood Associates LP
—
Deed
related
$4,400,000 · Acnb Bank
Apr 26, 2013
—
York Sherwood Associates LP
—
Deed Of Trust
related
$4,500,000 · Metropolitan Bank
Apr 4, 2006
$5,300,000
York Sherwood Associates
Sherwood Knoll Inn Ltd
Grant Deed
—
—
—
York Sherwood Associates LP
—
Deed Of Trust
related
$1,275,000 · Edc Fin
—
—
York Sherwood Associates LP
—
Deed Of Trust
related
$4,400,000 · Acnb Bk
—
—
York Sherwood Associates LP
—
Deed Of Trust
related
$500,000 · Metropolitan 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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