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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Commercial land
1002 Cornerstone Dr Mount Joy, PA 17552-9419
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-2165423
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1806
Total area
5,926 SF
Lot
10.86 ac (473,062 SF)
Zoning code
CI
APN
450-92362-0-0000
UPID
US73-2165423
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$975k
Blend (final)
Blend
$700k
Owner & transaction history
Kw Cornerstone 6a LLC · 1 yrs held
Kw Cornerstone 6a LLC
since 2024
1 recorded transaction
Zoning & alternative use
CI · Mount Joy, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CI Campus Industrial District: to provide for light industrial, office and related commercial development in an attractive well-planned campus-like setting; to carefully control the types of industrial operations to avoid nuisances (such as excessive noise) and hazards; to avoid residential uses that would conflict with existing industries; to encourage coor…
Zone name
Campus Industrial
General category
INDUSTRIAL
Zone area
136.40 ac
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 Mount Joy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Joy 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$118 / 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
$8,257
Tax year 2024
Assessed value
$308,600
Assessed 2024
Previous assessed
$308,600
+0.0% YoY
Effective rate
2.68%
On assessed value
Assessed land
$308,600
Land market value
$308,600
Total market value
$308,600
Applied tax rate
450.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1806
Heating
YES
Stories
2
Bathrooms
3
Total area
5,926 SF
Lot
10.86 ac (473,062 SF)
Zoning code
CI
APN
450-92362-0-0000
UPID
US73-2165423
Jurisdiction
LANCASTER
Zoning & alternative use
CI · Mount Joy, PAZoning CI · permitted uses
CI · Mount Joy, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CI Campus Industrial District: to provide for light industrial, office and related commercial development in an attractive well-planned campus-like setting; to carefully control the types of industrial operations to avoid nuisances (such as excessive noise) and hazards; to avoid residential uses that would conflict with existing industries; to encourage coordinated development, particularly in regard to traffic access. (10) GI General Industrial District: to meet requirements of state law to provide opportunities for a wide range of business uses; to carefully control industrial uses to avoid significant nuisances and hazards, particularly to neighboring residences. (11) WP Wellhead Protection Overlay District. See § 270-49A .
Zone name
Campus Industrial
General category
INDUSTRIAL
Zone area
136.40 ac
Building & site characteristics
From public records
Year built
1806
Heating
YES
Stories
2
Bathrooms
3
Lot
10.86 ac
Current owner
From public records · entity-resolved
Kw Cornerstone 6a LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6259 REYNOLDS ML RD N, SEVEN VALLEYS, PA 17360-8844
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2024
—
Kw Cornerstone 6a LLC
Witmer Properties
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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