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Property profile & analytics
OFF-MARKET
Estimated value
$7,340,000
Office Spaces
517 Airport Rd Lititz, PA 17543-9339
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2702386
Property summary
AI-generated overview
This exceptional investment opportunity presents a 115,450 square foot warehouse in Lititz, Pennsylvania. The property, situated on 10.8 acres at 517 Airport Rd, 17543, boasts 14 loading docks and ceiling heights ranging from 16 to 30 feet. Built in 1940 and renovated in 1955, this single-tenant building is currently 100% occupied under a 15-year absolute NNN lease with a reputable tenant. The lease includes annual rent bumps of 2.0% and four, 5-year lease options. The property offers a compelling 8.70% cap rate with a Net Operating Income (NOI) of $461,800 and an asking price of $5,308,046. This sale-leaseback structure provides a secure, long-term income stream with built-in growth potential. The tenant is an established company with a strong track record and significant experience in the construction industry. The property's location in Lancaster County provides excellent access to major transportation routes. This is a rare opportunity to acquire a high-quality industrial asset with a stable, long-term tenant.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1940
Construction
STEEL FRAME
Total area
73,139 SF
Lot
10.8 ac (470,448 SF)
Zoning code
I-3
APN
390-74354-0-0000
UPID
US73-2702386
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.30M
Blend (final)
Blend
$7.34M
Owner & transaction history
Farfield Real Estate Acquisition Co · 1 yrs held
Farfield Real Estate Acquisition Co
since 2025
5 recorded transactions
Zoning & alternative use
I-3 · Lititz, 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 Lititz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lititz 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.34M
Range $6.61M – $8.07M · ±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
$100 / 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
$30,085
Tax year 2024
Assessed value
$1,390,400
Assessed 2024
Previous assessed
$1,390,400
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$569,900
Assessed improvement
$820,500
Land market value
$569,900
Improvement market value
$820,500
Total market value
$1,390,400
Applied tax rate
390.0000
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
1940
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Total area
73,139 SF
Lot
10.8 ac (470,448 SF)
Zoning code
I-3
APN
390-74354-0-0000
UPID
US73-2702386
Jurisdiction
LANCASTER
Zoning & alternative use
I-3 · Lititz, PA
Zoning I-3 · permitted uses
I-3 · Lititz, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lititz. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
10.8 ac
Current owner
From public records · entity-resolved
Farfield Real Estate Acquisition Co
Entity
Mailing address
312 E MDW VLY RD, LITITZ, PA 17543-9147
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Mar 21, 2025
—
Farfield Real Estate Acquisition Co
—
Deed
related
$2,140,000 · Nybdc Local Development Corporation
Mar 20, 2025
$5,250,000
Farfield Real Estate Acquisition Co
The Farfield Company
Deed
related
$4,000,000 · Zurich American Insurance Company
Oct 31, 2023
—
The Farfield Company
—
Deed
related
$6,000,000 · Zurich American Insurance Company
Sep 4, 2003
—
Fairfield Co
Fairfield Co
Quit Claim Deed
related
$5,000,000 · Farmers First Bank
—
—
Farfield Co
—
Deed Of Trust
related
$2,250,000 · Pnc Bk
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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