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Property profile & analytics
OFF-MARKET
Estimated value
$11,945,000
Grocery and convenience stores
1023 State St Lemoyne, PA 17043-1425
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-1096899
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Total area
91,510 SF
Lot
5.61 ac (244,372 SF)
APN
12-22-0824-001
UPID
US73-1096899
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
$13.55M
Comparable Approach
Comparable
$12.42M
Blend (final)
Blend
$11.95M
Owner & transaction history
SMITH LAND & IMPROVEMENT CORP
SMITH LAND & IMPROVEMENT CORP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.9M
+63.8%
Office building
$12.3M
+45.0%
Apartment house (5+ units)
$11.6M
+36.1%
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 Lemoyne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lemoyne 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%
$14,680,000
6.5%
$13,550,000
7%
$12,585,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,505,000
Current use
COMMERCIAL (GENERAL)
$13,935,000
Change: +64% · Conversion: Easy
OFFICE BUILDING
$12,330,000
Change: +45% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$11,575,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,610,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$11.95M
Range $10.75M – $13.14M · ±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
$131 / 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
$194,473
Tax year 2024
Assessed value
$9,683,900
Assessed 2024
Previous assessed
$9,683,900
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$816,500
Assessed improvement
$8,867,400
Land market value
$816,500
Improvement market value
$8,867,400
Total market value
$9,683,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Heating
NONE
Total area
91,510 SF
Lot
5.61 ac (244,372 SF)
APN
12-22-0824-001
UPID
US73-1096899
Jurisdiction
CUMBERLAND
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
RETAIL STORES Current
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$13.9M
OFFICE BUILDING
Est. value
$12.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.6M
AUTO REPAIR, GARAGE
Est. value
$10.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
Heating
NONE
Lot
5.61 ac
Current owner
From public records · entity-resolved
SMITH LAND & IMPROVEMENT CORP
Entity
Free & Clear · 0 yrs held
Mailing address
1810 MARKET ST, CAMP HILL, PA 17011-4824
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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