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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Investment properties
1 Londonderry Sq, Palmyra, PA 17078-3902
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-3504398
Property summary
AI-generated overview
1 North Londonderry Square in Palmyra, Pennsylvania offers a prime retail opportunity totaling 8,239 square feet. This free-standing building boasts excellent visibility and accessibility, situated along Route 422, a major thoroughfare with a daily traffic count of 18,000 vehicles. The property features ample parking for customer convenience and prominent pylon signage for enhanced brand recognition. Currently, there are two available retail spaces, one measuring approximately 1,924 square feet and the other approximately 2,455 square feet. The spaces are adaptable and can potentially be subdivided to suit specific tenant needs. The building benefits from its location within a strong retail market, complemented by the presence of national tenants in the immediate vicinity. This location in Lebanon County offers a unique chance for businesses to establish a presence in a high-traffic area with excellent exposure and convenient access. The property is located at 1 North Londonderry Square, Palmyra, PA 17078. A total of 6,127 square feet is currently vacant. This presents a rare opportunity for retailers seeking a high-impact location in a thriving market.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2002
Total area
8,848 SF
Lot
1.6 ac (69,696 SF)
APN
28-2297262-361197-0000
UPID
US73-3504398
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
$745k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$838k
Blend (final)
Blend
$810k
Owner & transaction history
Ambe Realty LLC · 4 yrs held
Ambe Realty LLC
since 2021
Last sale
$900,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+111.0%
Auto repair, garage
$1.1M
+70.9%
Medical building
$1.0M
+60.6%
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 Palmyra submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmyra 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
$765,000
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$640,000
Current use
RESTAURANT
$1,350,000
Change: +111% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,090,000
Change: +71% · Conversion: Difficult
MEDICAL BUILDING
$1,025,000
Change: +61% · Conversion: Easy
RETAIL STORES
$820,000
Change: +28% · Conversion: Easy
OFFICE BUILDING
$690,000
Change: +8% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$665,000
Change: +4% · Conversion: Moderate
WAREHOUSE, STORAGE
$640,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $900k (Sep 22 2021)
Last sale anchor
$900k
Sep 22 2021
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
$92 / 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
$31,941
Tax year 2024
Assessed value
$1,403,600
Assessed 2024
Previous assessed
$1,403,600
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$280,000
Assessed improvement
$1,123,600
Land market value
$287,474
Improvement market value
$1,153,593
Total market value
$1,441,067
Applied tax rate
6.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2002
Heating
NONE
Stories
1
Total area
8,848 SF
Lot
1.6 ac (69,696 SF)
APN
28-2297262-361197-0000
UPID
US73-3504398
Jurisdiction
LEBANON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$640,000
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$820,000
OFFICE BUILDING
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$665,000
WAREHOUSE, STORAGE
Est. value
$640,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2002
Heating
NONE
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Ambe Realty LLC
Entity
Mailing address
22 HUNT PL, MECHANICSBURG, PA 17050-2914
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2023
—
Ambe Realty LLC
—
Deed
related
$1,850,000 · Wilmington Savings Fund Society Fsb
Sep 22, 2021
$900,000
Ambe Realty LLC
Mahagauri Realty LLC
Deed
—
Aug 25, 2020
$950,000
Mahagauri Realty LLC
Horst Restaurant Properties LP
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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