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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Medical Office Space
817 Cherry St Lancaster, PA 17602-2009
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-1732112
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1969
Construction
FRAME
Total area
2,554 SF
Lot
0.26 ac (11,326 SF)
Zoning code
R3
APN
336-09966-0-0000
UPID
US73-1732112
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
-
Lancaster Internal Medicine Medical Clinic
-
J. Mohler Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$719k
Blend (final)
Blend
$565k
Owner & transaction history
Halfway Environment Of Alcoholics · 10 yrs held
Halfway Environment Of Alcoholics
since 2016
4 recorded transactions
Zoning & alternative use
R3 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ion materials 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…
Zone name
Residential Medium Density
General category
CIVIC_INSTITUTIONAL
Zone area
966.19 ac
Top alternative use upside
Commercial (general)
$745,000
+28.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$575,000
7%
$530,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$580,000
Current use
COMMERCIAL (GENERAL)
$745,000
Change: +29% · Conversion: Easy
RETAIL STORES
$470,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$221 / 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
$14,617
Tax year 2024
Assessed value
$369,400
Assessed 2024
Previous assessed
$369,400
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$63,600
Assessed improvement
$305,800
Land market value
$63,600
Improvement market value
$305,800
Total market value
$369,400
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
1969
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
2,554 SF
Lot
0.26 ac (11,326 SF)
Zoning code
R3
APN
336-09966-0-0000
UPID
US73-1732112
Jurisdiction
LANCASTER
Zoning & alternative use
R3 · Lancaster, PAZoning R3 · permitted uses
R3 · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ion materials 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 bu
Zone name
Residential Medium Density
General category
CIVIC_INSTITUTIONAL
Zone area
966.19 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$745,000
RETAIL STORES
Est. value
$470,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Halfway Environment Of Alcoholics
Individual
Mailing address
649 E MAIN ST, LITITZ, PA 17543-2201
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2016
—
Halfway Environment For Alcoholics
—
Deed
related
$200,000 · Fulton Bank NA
Jan 26, 2016
$260,000
Halfway Environment Of Alcoholics
Mohler,j Harold
Grant Deed
—
—
—
J H Mohler
—
Deed Of Trust
related
$165,000 · Bank Of Lancaster County NA
—
—
J Harold Mohler
—
Deed Of Trust
related
$150,000 · Susquehanna Bank
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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