Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    723 Lombard Rd Red Lion, PA 17356-8396
    Back to Search
    Property profile & analytics

    723 Lombard Rd, Red Lion, PA 17356-8396

    View on Map
    • Retail space
    • 13,742 SF
    • 2.06 lot acres
    Off-Market
    Property ID
    US73-3150676
    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.
    Value Estimations
    $1,425,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Photo / (Bike/Boat/Book/etc) Store
    • Santander Bank ATM / Atm
    • CVS / Cosmetic Store
    • CDReload - Online Bitcoin ATM / Atm / Crypto Atm
    • Buy Bitcoin / Crypto Atm

    Property Details for 723 Lombard Rd

    Year built
    2012
    Lot size
    2.06 lot acres
    Zone code
    CM
    Property type
    Retail space
    APN
    53-000-HJ-0077.00-00000
    APU
    53000HJ00770000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 17, 2012 $5,459,695 Fdg C39 Pa Red Lion LLC Pennsylvania Cvs Pharmacy LLC Grant Deed —
    Sep 6, 2011 — Pennsylvania Cvs Pharmacy LLC Pennsylvania Cvs Pharmacy LLC Quit Claim Deed —
    Sep 6, 2011 $32,600 Pennsylvania Cvs Pharmacy LLC Massey,richard R & Donna L Quit Claim Deed · related —
    Sep 6, 2011 $1,440,000 Pennsylvania Cvs Pharmacy LLC Wood,jack C & Dorothy J Grant Deed —
    Sep 6, 2011 $5,716 Westpalm Dev Corp Pennsylvania Cvs Pharmacy LLC Quit Claim Deed · related —
    Jun 22, 2009 $110,000 Jc Bar Dev LLC Geesey,bobby L & Kristy L Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,668,000
      Market price range: $636k - $1.67M
      AI Estimate
      $1,030,000
      Market price range: $388k - $1.03M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,050,000
      Current use
      RESTAURANT
      $1,635,000
      Change: +56% Conversion: Easy
      MEDICAL BUILDING
      $1,510,000
      Change: +44% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,410,000
      Change: +34% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,230,000
      Change: +17% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,155,000
      Change: +10% Conversion: Easy
      OFFICE BUILDING
      $1,120,000
      Change: +7% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Red Lion
    County
    York
    State
    Pennsylvania
    Longitude
    -76.6289
    Latitude
    39.9169
    CBSA code
    49620
    CBSA name
    YORK-HANOVER, 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
    $31,500
    $346,560
    $702,420
    $1,048,980
    -
    $346,560
    $702,420
    $1,048,980

    Comparable in this City

    • Value Estimation by Request
      3,672 SF

      238 1st Ave

      RETAIL STORES (PERSONAL SERVICES)
      238 1st Ave, Red Lion, PA 17356-1612
      View Details
    • Value Estimation by Request
      6,624 SF

      55 Main St

      RETAIL STORES (PERSONAL SERVICES)
      55 Main St, Red Lion, PA 17356-1706
      View Details
    • Value Estimation by Request
      4,485 SF

      328 Broadway

      RETAIL STORES (PERSONAL SERVICES)
      328 Broadway, Red Lion, PA 17356-9102
      View Details
    • Value Estimation by Request
      4,863 SF

      3040 Windsor Rd

      RETAIL STORES (PERSONAL SERVICES)
      3040 Windsor Rd, Red Lion, PA 17356-8532
      View Details
    • Value Estimation by Request
      6,649 SF

      1491 Delta Rd

      RETAIL STORES (PERSONAL SERVICES)
      1491 Delta Rd, Red Lion, PA 17356-9353
      View Details
    • Value Estimation by Request
      12,046 SF

      27 Main St

      RETAIL STORES (PERSONAL SERVICES)
      27 Main St, Red Lion, PA 17356-2118
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,380 SF

      Versatile Building in Red Lion

      Adaptable commercial building with office, retail, and warehouse space.
      67 N Main St, Red Lion, PA 17356
      View Details
    • Contact for pricing
      6,800 SF

      Red Lion Retail Opportunity

      Retail property with dedicated parking in downtown Red Lion.
      1 N Main St, Red Lion, PA 17356
      View Details
    • $499,900
      0.40 Acres

      Commercial Property on Corner Lot

      Commercial property on a busy corner lot, great investment opportunity.
      801 Delta Rd, Red Lion, PA 17356
      View Details
    • $1,625,000
      62,300 SF

      Red Lion Industrial Building For Sale

      62,300 SF industrial building on 1.81 acres.
      25 Grand Ave, Red Lion, PA 17356
      View Details
    • Contact for pricing

      York County Commercial Land Available

      38.4 acres of commercial land in York County, PA.
      2589 Cape Horn Rd, Red Lion, PA 17356
      View Details
    • Contact for pricing

      Commercial Land on Main Street

      High-visibility commercial land perfect for business expansion.
      675 S Main St, Red Lion, PA 17356
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space in Red Lion

      Retail space available in shopping center anchored by Giant Foods.
      3133-3175 Cape Horn Rd, Red Lion, PA 17356
      View Details
    • Contact for pricing
      2,712 SF

      Retail Space in Red Lion

      Retail spaces available for lease in Red Lion, Pennsylvania.
      693 Lombard Rd, Red Lion, PA 17356
      View Details
    • Contact for pricing
      465 SF

      Established Restaurant & Bar Opportunity

      Fully-equipped restaurant and bar with liquor license for rent.
      39 N Main St, Red Lion, PA 17356
      View Details
    • Contact for pricing

      Red Lion Retail/Office Space

      Well-maintained retail/office strip center with easy access to Route 24.
      2997 Cape Horn Rd, Red Lion, PA 17356
      View Details
    • Contact for pricing

      Downtown Red Lion Office Space

      Flexible office space in a vibrant downtown location.
      16 N Main St, Red Lion, PA 17356
      View Details
    • Contact for pricing
      38,000 SF

      Industrial Facility Under Construction

      38,000 SF industrial facility with 30' clear height.
      100 Redco Ave, Red Lion, PA 17356
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    723 Lombard Rd
    Red Lion, PA 17356-8396
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    723 Lombard Rd, Red Lion, PA, 17356
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!