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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Office Spaces
1 Main St Middletown, PA 17057
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2268108
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1972
Total area
35,906 SF
Lot
3.94 ac (171,757 SF)
APN
41-001-008
UPID
US73-2268108
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
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.60M
Owner & transaction history
Borough Of Middletown · 3 yrs held
Borough Of Middletown
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$1,560,000
ML approach
$1,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,630,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10% · vs last sale $1.59M (Oct 27 2022)
Last sale anchor
$1.59M
Oct 27 2022
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
$44 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$66,586
Tax year 2023
Assessed value
$1,615,100
Assessed 2024
Previous assessed
$1,615,100
+0.0% YoY
Effective rate
4.12%
On assessed value
Assessed land
$260,200
Assessed improvement
$1,354,900
Land market value
$260,200
Improvement market value
$1,354,900
Total market value
$1,615,100
Applied tax rate
40.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1972
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
35,906 SF
Lot
3.94 ac (171,757 SF)
APN
41-001-008
UPID
US73-2268108
Jurisdiction
DAUPHIN
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
INDUSTRIAL (GENERAL)
Est. value
$2.6M
INDUSTRIAL (GENERAL)
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
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
3.94 ac
Current owner
From public records · entity-resolved
Borough Of Middletown
Individual
Mailing address
PO BOX 442, HERSHEY, PA 17033-0442
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2022
—
James A Nardo
—
Deed
related
$2,500,000 · Jonestown Bank & Trust Co
Oct 27, 2022
—
Borough Of Middletown
Commonwealth Of Pennsvlvania Dept O
Quit Claim Deed
related
—
Sep 18, 2015
—
James A Nardo
Nardo,james A & Sharon L
Quit Claim Deed
—
Feb 2, 2015
—
Nardo,james A SR & Sharon L
—
Loan Modification
related
$3,925,000 · Integrity Bk
Sep 17, 2009
—
James A Nardo SR.
—
Grant Deed
related
$5,000,000 · Union National Community Bank
Aug 23, 2006
$1,592,000
James A Nardo
Dauphin Cnty Indl Dev Authori
Grant Deed
$2,750,000 · Integrity Bank
—
—
James A Nardo SR
—
Deed Of Trust
related
$4,475,000 · First Nat'l Bk
—
—
James A Nardo
—
Deed Of Trust
related
$125,000 · Union National Community Bank
—
—
James A Nardo
—
Deed Of Trust
related
$500,000 · Integrity 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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