Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,510,000
Hotels
552 Mulberry St Lancaster, PA 17603-2923
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US73-5819000
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1920
Construction
BRICK
Total area
58,468 SF
Lot
0.88 ac (38,333 SF)
Zoning code
MU
APN
339-87282-0-0000
UPID
US73-5819000
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
$6.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.51M
Owner & transaction history
Lancaster Arts Hotel · 20 yrs held
Lancaster Arts Hotel
since 2005
7 recorded transactions
Zoning & alternative use
MU · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
s and design. See also § 300-42I , which may require a larger sight triangle for a parking lot. Maximum Height of Fences, Walls and Hedges Height Limitations Measured from Grade Residential Districts R1, R2, R3, R4, RO, MU (feet) Nonresidential Districts C1, C2, C3, CB, CB1, CM, SM, DF, HC, PO (feet) Residential property Fences and walls Minimum front yard 4…
Zone name
Mixed Use
General category
MIXED_USE
Zone area
465.33 ac
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,500,000
6.5%
$6,920,000
7%
$6,425,000
Blend value · Realmo final
$6.51M
Range $5.86M – $7.16M · ±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
$111 / 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
$207,270
Tax year 2024
Assessed value
$5,238,100
Assessed 2024
Previous assessed
$5,238,100
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$172,800
Assessed improvement
$5,065,300
Land market value
$172,800
Improvement market value
$5,065,300
Total market value
$5,238,100
Applied tax rate
339.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Total area
58,468 SF
Lot
0.88 ac (38,333 SF)
Zoning code
MU
APN
339-87282-0-0000
UPID
US73-5819000
Jurisdiction
LANCASTER
Zoning & alternative use
MU · Lancaster, PAZoning MU · permitted uses
MU · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
s and design. See also § 300-42I , which may require a larger sight triangle for a parking lot. Maximum Height of Fences, Walls and Hedges Height Limitations Measured from Grade Residential Districts R1, R2, R3, R4, RO, MU (feet) Nonresidential Districts C1, C2, C3, CB, CB1, CM, SM, DF, HC, PO (feet) Residential property Fences and walls Minimum front yard 4*** 4*** Secondary front yard* 6 6 Side and rear yard 6 6 Permitted building area
Zone name
Mixed Use
General category
MIXED_USE
Zone area
465.33 ac
Building & site characteristics
From public records
Year built
1920
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Lancaster Arts Hotel
Individual
Mailing address
221 E MIFFLIN ST, LANCASTER, PA 17602-3529
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2019
—
Lancaster Arts Hotel LP
—
Deed
related
$2,000,000 · Orrstown Bank
Aug 24, 2005
—
Lancaster Arts Hotel
Lancaster Arts Hotel
Quit Claim Deed
related
$3,640,000 · Fulton Bank
Oct 19, 2004
—
Lancaster Arts Hotel
—
Trustees Deed
related
$600,000 · Gns Associates
Oct 12, 2004
$1,000,000
Lancaster Arts Hotel
Doolittle,david A & M S
Grant Deed
—
Apr 4, 2003
$350,000
David A Doolittle
Traines,betty
Grant Deed
$300,000 · Betty Traines
—
—
Lancaster Arts Hotel
—
Deed Of Trust
related
$450,000 · Fulton Bank
—
—
Lancaster Arts Hotel LP
—
Deed Of Trust
related
$4,000,000 · Riverview 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 552 Mulberry St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
