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    Property profile & analytics

    1 Londonderry Sq Palmyra, PA 17078-3902

    • Investment properties
    • 8,848 SF
    • 1.60 lot acres
    OFF-MARKET
    Value Estimation
    $775,000
    Last Sale
    Sep 22, 2021
    $900,000
    Location Intelligence
    Property ID
    US73-3504398
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 1 Londonderry Sq

    Year built
    2002
    Lot size
    1.60 lot acres
    Property size
    8,848 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    28-2297262-361197-0000
    APU
    2822972623611970000

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $765,000

    • CAP approach

      CAP return
      Estimation
      6%
      $810,000
      6.5%
      $805,000
      7%
      $820,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $730,000
      Geo Method
      $955,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $720,000
      Retail
      $755,000
      Mixed-Use
      $810,000
      Hospitality
      $795,000
      Educational
      $860,000
      Residential Income
      $705,000
      Energy
      $760,000
      Income-Based Land
      $695,000
      Food Service
      $875,000

    Location Insight

    • Map
    • Local Demand
    City
    Palmyra
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.571
    Latitude
    40.3188
    CBSA code
    30140
    CBSA name
    LEBANON, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $31,941
    $280,000
    $1,123,600
    $1,403,600
    -
    $287,474
    $1,153,593
    $1,441,067

    Comparable in this City

    • Value Estimation
      $495,000
      5,849 SF

      2022 Frg Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,849 SF
      2022 Frg Rd, Palmyra, PA 17078-8346
      View Details
    • Value Estimation
      $375,000
      15,714 SF

      710 High St

      OFFICE/RESIDENTIAL (MIXED USE) • 15,714 SF
      710 High St, Palmyra, PA 17078-1417
      View Details
    • Value Estimation
      $390,000
      7,008 SF

      2849 Horseshoe Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 7,008 SF
      2849 Horseshoe Pike, Palmyra, PA 17078-9038
      View Details
    • Value Estimation
      $320,000
      4,822 SF

      52 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,822 SF
      52 Main St, Palmyra, PA 17078-1710
      View Details
    • Value Estimation
      $240,000
      4,592 SF

      200 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,592 SF
      200 Main St, Palmyra, PA 17078-1791
      View Details
    • Value Estimation
      $190,000
      5,607 SF

      31 Railroad St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,607 SF
      31 Railroad St, Palmyra, PA 17078-1717
      View Details

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    Palmyra, PA 17078-3902
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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