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Property profile & analytics
OFF-MARKET
Estimated value
$3,700,000
Manufacturing properties
99 Elmwood Ter, Lancaster, PA 17601
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-2080842
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Construction
STEEL FRAME
Total area
42,636 SF
Lot
2.6 ac (113,256 SF)
Zoning code
I-2
APN
290-64292-0-0000
UPID
US73-2080842
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
$3.70M
CAP Approach
CAP
$3.66M
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$3.70M
Owner & transaction history
Salunga Properties LLC · 2 yrs held
Salunga Properties LLC
since 2024
Last sale
$3.7M
6 recorded transactions
Zoning & alternative use
I-2 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.8M
+18.4%
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
$3,700,000
ML approach
$3,700,000
CAP Approach
CAP Return
Estimation
6%
$3,960,000
6.5%
$3,655,000
7%
$3,390,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,880,000
Current use
WAREHOUSE, STORAGE
$5,780,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$3.70M
Range $3.33M – $4.07M · ±10% · vs last sale $3.70M (Apr 4 2024)
Last sale anchor
$3.70M
Apr 4 2024
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
$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
$22,209
Tax year 2024
Assessed value
$1,027,700
Assessed 2024
Previous assessed
$1,027,700
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$260,000
Assessed improvement
$767,700
Land market value
$260,000
Improvement market value
$767,700
Total market value
$1,027,700
Applied tax rate
290.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1972
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
42,636 SF
Lot
2.6 ac (113,256 SF)
Zoning code
I-2
APN
290-64292-0-0000
UPID
US73-2080842
Jurisdiction
LANCASTER
Zoning & alternative use
I-2 · Lancaster, PA
Zoning I-2 · permitted uses
I-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$5.8M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1972
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
2.6 ac
Current owner
From public records · entity-resolved
Salunga Properties LLC
Entity
Mailing address
115 W MAIN ST, SALUNGA, PA 17538-1128
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2024
$3,700,000
Salunga Properties LLC
Elmwood Properties Limited Partners
Deed
$2,775,000 · Univest Bank & Trust Co
Feb 28, 2020
—
Elmwood Propertied Limited Partners
—
Deed
related
$250,000 · York Traditions Bank
Jul 13, 2018
—
Elmwood Properties LP
—
Deed
related
$85,000 · York Traditions Bank
Mar 20, 2012
$900,000
Elmwood Properties LP
Herr & Sacco INC
Grant Deed
$750,000 · York Traditions Bank
—
—
Elmwood Properties LP
—
Deed Of Trust
related
$175,000 · York Traditions Bk
—
—
Elmwood Properties LP
—
Deed Of Trust
related
$660,000 · Edc Financial Corp
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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