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Property profile & analytics
OFF-MARKET
Estimated value
$19,395,000
Retail properties & Spaces
800 Park City Ctr, Lancaster, PA 17601-2720
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US73-2452846
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1971
Construction
BRICK
Total area
222,456 SF
Lot
4.05 ac (176,418 SF)
Zoning code
C3
APN
339-09381-0-0000
UPID
US73-2452846
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
Current use
Occupant on record · Public records
-
Boscov's Optical (Bike/Boat/Book/etc) Store
-
Boscov's Hearing Aid Center Hearing Aid Store
-
Boscov's Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.40M
Owner & transaction history
Pax Mall Realty Co · 19 yrs held
Pax Mall Realty Co
since 2007
7 recorded transactions
Zoning & alternative use
C3 · Lancaster, 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 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
$87 / 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
$145,790
Tax year 2024
Assessed value
$3,684,400
Assessed 2024
Previous assessed
$6,009,300
-38.7% YoY
Effective rate
3.96%
On assessed value
Assessed land
$1,215,000
Assessed improvement
$2,469,400
Land market value
$1,215,000
Improvement market value
$2,469,400
Total market value
$3,684,400
Applied tax rate
339.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1971
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Total area
222,456 SF
Lot
4.05 ac (176,418 SF)
Zoning code
C3
APN
339-09381-0-0000
UPID
US73-2452846
Jurisdiction
LANCASTER
Zoning & alternative use
C3 · Lancaster, PA
Zoning C3 · permitted uses
C3 · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Lot
4.05 ac
Current owner
From public records · entity-resolved
Pax Mall Realty Co
Entity
Mailing address
4500 PERKIOMEN AVE, READING, PA 19606-3202
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2025
—
Pax Mall Realty Company LP
—
Deed
related
$4,627,000 · First Bank
Mar 9, 2018
—
Pax Mall Realty Co LP
—
Deed
related
$6,988,487 · First Cmnwlt Bk
Feb 17, 2009
—
Boscovs Department Store LLC
—
Deed Of Trust
related
$210,000,000 · Bank Of America
Mar 24, 2008
—
Boscovs INC
—
Deed Of Trust
related
$60,000,000 · Bear Stearns Corp Lending
Mar 5, 2008
—
Boscovs INC
—
Deed Of Trust
related
$425,000,000 · Bank Of America
Jun 19, 2007
$500,000
Pax Mall Realty Co
Lancaster Trust
Grant Deed
—
—
—
Pax Mall Realty Co
—
Deed Of Trust
related
$46,720,000 · Pennsylvania Economic Dev Fina
—
—
Boscovs Department Store LLC
—
Deed Of Trust
related
—
—
—
Pax Mall Realty Co
—
Deed Of Trust
related
$46,720,000 · Susquehanna Bank
—
—
Pax Mall Realty Co
—
Deed Of Trust
related
$12,160,245 · First Commonwealth Bank
—
—
Pax Mall Realty Co LP
—
Deed Of Trust
related
$1,138,322 · Susquehanna Bank
—
—
Pax Mall Realty Co LP
—
Loan Modification
related
$8,320,000 · First Commonwealth Bank
—
—
Pax Mall Realty Co LP
—
Loan Modification
related
$6,988,487 · First Cmnwlt Bk
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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