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Property profile

508 Lancaster Ave Wayne, PA 19087

OFF-MARKET
Commercial real estate
Property ID
US73-1863960
View Sample
7,596 SF 0.35 ac lot Built 1960
Entity Owned 1-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Total area 7,596 SF
Lot 0.35 ac (15,333 SF)
APN 36-06-03628-00
UPID US73-1863960

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.16M
Comparable Approach Comparable
$1.54M
Blend (final) Blend
$1.17M

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2001
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $1.6M +17.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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