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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Banks
600 Centerville Rd Lancaster, PA 17601-1308
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-0164281
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1967
Construction
FRAME
Total area
2,714 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CC
APN
290-67956-0-0000
UPID
US73-0164281
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
-
Citizens Bank Loan Service
-
Melissa Shade Financial Advisor
-
John Saia Financial Advisor
-
Citizens ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$941k
Blend (final)
Blend
$1.13M
Owner & transaction history
Paxton Partners LLC · 6 yrs held
Paxton Partners LLC
since 2020
Last sale
$1.1M
6 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
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
FINANCIAL BUILDING
$1,110,000
Current use
COMMERCIAL (GENERAL)
$980,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10% · vs last sale $1.12M (Jan 22 2020)
Last sale anchor
$1.12M
Jan 22 2020
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
$415 / 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
$10,165
Tax year 2024
Assessed value
$470,400
Assessed 2024
Previous assessed
$470,400
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$244,400
Assessed improvement
$226,000
Land market value
$244,400
Improvement market value
$226,000
Total market value
$470,400
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1967
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
2,714 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CC
APN
290-67956-0-0000
UPID
US73-0164281
Jurisdiction
LANCASTER
Zoning & alternative use
CC · Lancaster, PA
Zoning CC · permitted uses
CC · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$980,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
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
1967
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Paxton Partners LLC
Entity
Mailing address
601 ESTELLE DR, LANCASTER, PA 17601-2129
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2020
$1,115,000
Paxton Partners LLC
Spp Citizens Nlref V LLC
Special Warranty Deed
$825,000 · Fulton Bank NA
Jan 9, 2020
$832,548
Spp Citizens Nlref V LLC
Arc Cblcrpaoo2 LLC
Special Warranty Deed
$39,500,000 · Sunflower Bank NA
Oct 12, 2012
$951,237
Arc Cblcrpa002 LLC
Inland American Cfg Penns
Grant Deed
—
Feb 11, 2008
—
Inland American Cfg Pennsylvan
—
Deed Of Trust
related
$200,000,000 · Sovereign Bank
Aug 10, 2007
$795,726
Inland American Cfg Pennsylvan
Citizens Bank Of Pennsylvania
Grant Deed
—
Dec 7, 2001
$415,000
Citizens Bank Pennsylvania
Mellon Bank
Grant Deed
related
—
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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