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Property profile & analytics
FOR LEASE
Retail space
5984 Main St East Petersburg, PA 17520
Entity Owned
~
Est. High Equity
Property ID
US73-2707348
For Lease
1 / 28
$1,250,000
5984 Main St, East Petersburg, PA 17520
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Construction
FRAME
Total area
11,484 SF
Lot
0.72 ac (31,363 SF)
Zoning code
NC
APN
220-91981-0-0000
UPID
US73-2707348
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
-
Lancaster C.A.R.E.S. Animal Shelter Pet Adoption Service
-
Furever Home Adoption Center Pet Adoption Service Animal Shelter
-
Person Directed Supports Inc Social Service Agency Charitable Organization
-
DUCTZ of Greater Lancaster and York Cities HVAC Service General Contractor
-
Devcon Services Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.25M
Owner & transaction history
B L Herr INC
B L Herr INC
4 recorded transactions
Zoning & alternative use
NC · East Petersburg, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
NC Neighborhood Commercial District. To provide business opportunities while seeking to develop a central community focus for the Borough. To promote a pedestrian-friendly and bicycle-friendly environment. To promote an appropriate mix of retail, service, office, public, institutional and residential uses. To avoid heavy commercial uses that are most likely…
Zone name
Neighborhood Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
57.82 ac
Top alternative use upside
Auto repair, garage
$1.9M
+3.3%
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 East Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Petersburg 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
Alternative Use
Use
Estimation
RETAIL STORES
$1,850,000
Current use
AUTO REPAIR, GARAGE
$1,910,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±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
$109 / 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
$18,354
Tax year 2024
Assessed value
$702,500
Assessed 2024
Previous assessed
$702,500
+0.0% YoY
Effective rate
2.61%
On assessed value
Assessed land
$173,800
Assessed improvement
$528,700
Land market value
$173,800
Improvement market value
$528,700
Total market value
$702,500
Applied tax rate
220.0000
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
For Lease
Year built
1946
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
11,484 SF
Lot
0.72 ac (31,363 SF)
Zoning code
NC
APN
220-91981-0-0000
UPID
US73-2707348
Jurisdiction
LANCASTER
Zoning & alternative use
NC · East Petersburg, PAZoning NC · permitted uses
NC · East Petersburg, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
NC Neighborhood Commercial District. To provide business opportunities while seeking to develop a central community focus for the Borough. To promote a pedestrian-friendly and bicycle-friendly environment. To promote an appropriate mix of retail, service, office, public, institutional and residential uses. To avoid heavy commercial uses that are most likely to conflict with the historic and scenic character and most likely to cause conflicts with homes. (5) HC Highway Commercial District. To provide for a wide range of commercial uses. (6) LI Light Industrial District. To provide for industrial and certain types of commercial development in a manner that is compatible with any nearby homes and the surrounding environment. To carefully control the types of industrial operations to avoid nuisances and environmental hazards. (7) REC Recreation District. To recognize parks, playgrounds and other public recreation areas. (8) H Historic Overlay District. See § 124-310 .
Zone name
Neighborhood Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
57.82 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1946
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
B L Herr INC
Entity
Mailing address
5984 MAIN ST STE C, EAST PETERSBURG, PA 17520-1549
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
B L Herr INC
—
Deed Of Trust
related
$1,756,000 · Fulton Bank
—
—
B L Herr INC
—
Deed Of Trust
related
$400,000 · Bank Of Lancaster County NA
—
—
Bl Herr INC
—
Deed Of Trust
related
$2,000,000 · Pnc Bank
—
—
B L Herr INC
—
Deed Of Trust
related
$500,000 · Bank Of Lancaster County NA
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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