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    Property profile & analytics

    609 Cherry St Lancaster, PA 17602-2201

    • Medical offices
    • 14,596 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimation
    $930,000
    Location Intelligence
    Property ID
    US73-1705988
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Monika Maximilliane Holbein, MD / Internist
    • Center for Health Care Innovation at Lancaster General Health / Home Health Care Service
    • LG Health Physicians Palliative Services Administrative Location / Mental Health Service
    • Ann L. Rutt, CRNP / Mental Health Service
    • Bethann M. Scarborough, MD / Mental Health Service

    Property Details for 609 Cherry St

    Year built
    1884
    Construction
    BRICK
    Lot size
    0.49 lot acres
    Property size
    14,596 SF
    Zone code
    RO
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    336-21225-0-0000
    APU
    3362122500000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $975,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,025,000
      6.5%
      $885,000
      7%
      $945,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $835,000
      Geo Method
      $1,025,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $890,000
      Retail
      $865,000
      Mixed-Use
      $860,000
      Hospitality
      $1,080,000
      Educational
      $860,000
      Residential Income
      $815,000
      Energy
      $895,000
      Income-Based Land
      $940,000
      Food Service
      $1,030,000

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.3043
    Latitude
    40.0485
    CBSA code
    29540
    CBSA name
    LANCASTER, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $49,767
    $77,400
    $1,180,300
    $1,257,700
    -
    $77,400
    $1,180,300
    $1,257,700

    Comparable in this City

    • Value Estimation
      $360,000
      1,302 SF

      18 Grant St

      MEDICAL BUILDING • 1,302 SF
      18 Grant St, Lancaster, PA 17602
      View Details
    • Value Estimation
      $265,000
      1,632 SF

      222 Willow Vly Dr200a

      MEDICAL BUILDING • 1,632 SF
      222 Willow Vly Dr200a, Lancaster, PA 17602-4735
      View Details
    • Value Estimation
      $380,000
      968 SF

      222 Willow Vly Dr200b

      MEDICAL BUILDING • 968 SF
      222 Willow Vly Dr200b, Lancaster, PA 17602-4735
      View Details
    • Value Estimation
      $525,000
      5,049 SF

      222 Willow Vly Dr, Unit 500

      MEDICAL BUILDING • 5,049 SF
      222 Willow Vly Dr, Lancaster, PA 17602-4735
      View Details
    • Value Estimation
      $330,000
      2,898 SF

      201 Chestnut St

      MEDICAL BUILDING • 2,898 SF
      201 Chestnut St, Lancaster, PA 17602-2705
      View Details
    • Value Estimation
      $515,000
      7,457 SF

      324 Duke St

      MEDICAL BUILDING • 7,457 SF
      324 Duke St, Lancaster, PA 17602-4952
      View Details

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    609 Cherry St
    Lancaster, PA 17602-2201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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