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Property profile & analytics
OFF-MARKET
Medical Office Space
628 Duke St Lancaster, PA 17602-2210
Individually Owned
21-yr Hold
Free & Clear
Property ID
US73-0131888
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1895
Construction
BRICK
Total area
1,872 SF
Lot
0.07 ac (3,049 SF)
Zoning code
RO
APN
336-73229-0-0000
UPID
US73-0131888
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lancaster General Hospital · 21 yrs held
Lancaster General Hospital
since 2004
7 recorded transactions
Zoning & alternative use
RO · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rials 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 ya…
Zone name
Residential High Density Office Institute
General category
CIVIC_INSTITUTIONAL
Zone area
34.01 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,237
Tax year 2024
Assessed value
$182,900
Assessed 2024
Previous assessed
$182,900
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$40,300
Assessed improvement
$142,600
Land market value
$40,300
Improvement market value
$142,600
Total market value
$182,900
Applied tax rate
336.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1895
Construction
BRICK
Heating
HOT WATER
Stories
2
Total area
1,872 SF
Lot
0.07 ac (3,049 SF)
Zoning code
RO
APN
336-73229-0-0000
UPID
US73-0131888
Jurisdiction
LANCASTER
Zoning & alternative use
RO · Lancaster, PAZoning RO · permitted uses
RO · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rials 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 a
Zone name
Residential High Density Office Institute
General category
CIVIC_INSTITUTIONAL
Zone area
34.01 ac
Building & site characteristics
From public records
Year built
1895
Construction
BRICK
Heating
HOT WATER
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Lancaster General Hospital
Individual
Free & Clear · 21 yrs held
Mailing address
607 N DUKE ST, LANCASTER, PA 17602-2269
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2004
$114,500
Lancaster General Hospital
Weber,james R & Jennifer A
Grant Deed
—
—
—
James R Weber
—
Deed Of Trust
related
$39,000 · Bank Of Lancaster County NA
—
—
James R Weber
—
Deed Of Trust
related
$45,000 · Bank Of Lancaster County NA
—
—
James R Weber
—
Deed Of Trust
related
$18,011 · Bank Of Lancaster County NA
—
—
James R Weber
—
Deed Of Trust
related
$25,000 · Bank Of Lancaster County NA
—
—
James R Weber
—
Deed Of Trust
related
$10,000 · Bank Of Lancaster County NA
—
—
James R Weber
—
Deed Of Trust
related
$63,218 · Bank Of Lancaster County NA
—
—
James R Weber
—
Deed Of Trust
related
$35,000 · Bank Of Lancaster County NA
—
—
James R Weber
—
Deed Of Trust
related
$47,468 · 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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