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Property profile & analytics
OFF-MARKET
Estimated value
$1,755,000
Manufacturing properties
615 Florence St Columbia, PA 17512-2215
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-6010274
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1920
Construction
BRICK
Total area
33,508 SF
Lot
1.34 ac (58,370 SF)
Zoning code
LI
APN
110-23514-0-0000
UPID
US73-6010274
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
$2.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$1.76M
Owner & transaction history
Ais Leasing Company · 2 yrs held
Ais Leasing Company
since 2023
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
LI · Columbia, 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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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
$1,635,000
ML approach
$2,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.76M
Range $1.58M – $1.93M · ±10% · vs last sale $1.50M (Sep 1 2023)
Last sale anchor
$1.50M
Sep 1 2023
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
$52 / 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
$27,273
Tax year 2024
Assessed value
$729,800
Assessed 2024
Previous assessed
$729,800
+0.0% YoY
Effective rate
3.74%
On assessed value
Assessed land
$85,700
Assessed improvement
$644,100
Land market value
$85,700
Improvement market value
$644,100
Total market value
$729,800
Applied tax rate
110.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
SPACE
Stories
1
Total area
33,508 SF
Lot
1.34 ac (58,370 SF)
Zoning code
LI
APN
110-23514-0-0000
UPID
US73-6010274
Jurisdiction
LANCASTER
Zoning & alternative use
LI · Columbia, PA
Zoning LI · permitted uses
LI · Columbia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
BRICK
Heating
SPACE
Stories
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Ais Leasing Company
Entity
Mailing address
3250 N SUSQUEHANNA TRL, YORK, PA 17406-9754
Ownership since
2023
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
Feb 5, 2026
—
Ais Leasing Company
—
Deed
related
$600,000 · Fulton Bank NA
Sep 1, 2023
$1,500,000
Ais Leasing Company
Andreas Heisey
Deed
$3,500,000 · Fulton Bank NA
Sep 1, 2023
—
Ais Leasing Company
—
Deed
related
$2,160,000 · Fulton Bank NA
Aug 31, 2023
—
Andreas Heisey
Grinnell Corporation
Correction Deed
related
—
Jan 4, 2005
$445,000
Andreas Heisey
Itt Industries INC
Grant Deed
$373,800 · 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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