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Property profile & analytics
OFF-MARKET
Estimated value
$295,000
Banks
741 Broad St Lititz, PA 17543-2808
Individually Owned
4-yr Hold
Free & Clear
Property ID
US73-1057059
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1973
Construction
WOOD FRAME
Total area
2,112 SF
Lot
0.69 ac (30,056 SF)
Zoning code
GB
APN
370-78707-0-0000
UPID
US73-1057059
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
$295k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$295k
Owner & transaction history
Ruth Ann Funck · 4 yrs held
Ruth Ann Funck
since 2022
2 recorded transactions
Zoning & alternative use
GB · Lititz, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of General Business District are intended to provide suitable locations for commercial uses, including both small-scale and large-scale businesses, as well as vertical mixed-use with residential uses above ground floor non-residential uses. Enable Uses that serve local residents as well as motorists passing through the Borough, and pedestrians wa…
Zone name
General Business District
General category
MIXED_USE
Zone area
18.29 ac
Source
Realmo
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 Lititz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lititz 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
$295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$295k
Range $266k – $325k · ±10%
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
$140 / 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
$9,576
Tax year 2024
Assessed value
$423,300
Assessed 2024
Previous assessed
$423,300
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$137,700
Assessed improvement
$285,600
Land market value
$137,700
Improvement market value
$285,600
Total market value
$423,300
Applied tax rate
370.0000
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
1973
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
2,112 SF
Lot
0.69 ac (30,056 SF)
Zoning code
GB
APN
370-78707-0-0000
UPID
US73-1057059
Jurisdiction
LANCASTER
Zoning & alternative use
GB · Lititz, PAZoning GB · permitted uses
GB · Lititz, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of General Business District are intended to provide suitable locations for commercial uses, including both small-scale and large-scale businesses, as well as vertical mixed-use with residential uses above ground floor non-residential uses. Enable Uses that serve local residents as well as motorists passing through the Borough, and pedestrians walking in the District. Promote a Gateway character as a graceful transition to the Downtown. Advocate for streetscape enhancements to link the Gateway to the Downtown. Advocate for context-sensitive infill development and redevelopment. Promote uses that are consistent with the intent of this District, which require a higher level of scrutiny, as Uses by Special Exception.
Zone name
General Business District
General category
MIXED_USE
Zone area
18.29 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1973
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Ruth Ann Funck
Individual
Free & Clear · 4 yrs held
Mailing address
425 GRAVEL HL RD, PALMYRA, PA 17078-8532
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
—
Ruth Ann Funck
Ruth Ann Funck
Intrafamily Transfer
related
—
Mar 15, 2021
—
Ray M Funck
Ray M Funck
Intrafamily Transfer
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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