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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Medical Office Space
848 Prince St Lancaster, PA 17603-5812
Entity Owned
8-yr Hold
Free & Clear
Property ID
US73-0078740
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Total area
4,390 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C2
APN
334-07764-0-0000
UPID
US73-0078740
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
-
Pennsylvania SPCA Lancaster Center Animal Shelter Pet Adoption Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$771k
Blend (final)
Blend
$925k
Owner & transaction history
City Of Lancaster · 8 yrs held
City Of Lancaster
since 2017
7 recorded transactions
Zoning & alternative use
C2 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
h 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…
Zone name
Commercial Urban
General category
COMMERCIAL
Zone area
87.67 ac
Top alternative use upside
Commercial (general)
$1.1M
+13.8%
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
$640,000
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,000,000
Current use
COMMERCIAL (GENERAL)
$1,140,000
Change: +14% · Conversion: Easy
RETAIL STORES
$955,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±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
$211 / 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
$33,155
Tax year 2024
Assessed value
$837,900
Assessed 2024
Previous assessed
$837,900
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$78,000
Assessed improvement
$759,900
Land market value
$78,000
Improvement market value
$759,900
Total market value
$837,900
Applied tax rate
334.0000
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
2015
Heating
YES
Cooling
YES
Stories
1
Total area
4,390 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C2
APN
334-07764-0-0000
UPID
US73-0078740
Jurisdiction
LANCASTER
Zoning & alternative use
C2 · Lancaster, PAZoning C2 · permitted uses
C2 · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
h 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 area 6 6 Hedges Front yard 4 4 Secondary fro
Zone name
Commercial Urban
General category
COMMERCIAL
Zone area
87.67 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$955,000
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
2015
Heating
YES
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
City Of Lancaster
Entity
Free & Clear · 8 yrs held
Mailing address
120 N DUKE ST, LANCASTER, PA 17602-2825
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2017
—
City Of Lancaster
Redevelopment Authority O The
Grant Deed
—
May 3, 2016
—
Redevelopment Authority Of City & L
City Of Lancaster
Quit Claim Deed
—
Feb 26, 2014
$75,000
City Of Lancaster
Dano,robert J
Grant Deed
—
Feb 12, 2014
—
City Of Lancaster
Dano,robert J
Grant Deed
related
—
Apr 5, 2007
—
Robert J Dano
Dano,robert J
Quit Claim Deed
related
—
Apr 4, 2007
$10,000
Robert J Dano
Gurba,stephen L
Grant Deed
—
Mar 24, 2006
$7,500
Robert J Dano
Redevelopment Authority Of City/l
Grant Deed
—
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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