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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Flex space
1145 Wellspring Rd New Freedom, PA 17349-8426
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US73-0600341
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2004
Total area
21,120 SF
Lot
4.45 ac (193,842 SF)
Zoning code
I
APN
32-000-CJ-0038.N0-00000
UPID
US73-0600341
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
$1.90M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.41M
Owner & transaction history
Dhicore LLC · 16 yrs held
Dhicore LLC
since 2009
4 recorded transactions
Zoning & alternative use
I · New Freedom, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.3M
+103.2%
Auto repair, garage
$2.2M
+89.2%
Warehouse, storage
$1.9M
+65.2%
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 New Freedom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Freedom 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%
$2,055,000
6.5%
$1,895,000
7%
$1,760,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,145,000
Current use
MEDICAL BUILDING
$2,325,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,165,000
Change: +89% · Conversion: Easy
WAREHOUSE, STORAGE
$1,890,000
Change: +65% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,770,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$1,720,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$1,615,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±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
$67 / 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
$33,255
Tax year 2024
Assessed value
$1,132,640
Assessed 2024
Previous assessed
$1,132,640
+0.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$151,220
Assessed improvement
$981,420
Land market value
$151,220
Improvement market value
$981,420
Total market value
$1,132,640
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Total area
21,120 SF
Lot
4.45 ac (193,842 SF)
Zoning code
I
APN
32-000-CJ-0038.N0-00000
UPID
US73-0600341
Jurisdiction
YORK
Zoning & alternative use
I · New Freedom, PA
Zoning I · permitted uses
I · New Freedom, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Freedom. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2004
Heating
FORCED AIR
Cooling
Yes
Lot
4.45 ac
Current owner
From public records · entity-resolved
Dhicore LLC
Entity
Mailing address
4609 MARRISA WAY, CAMARILLO, CA 93012-4147
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2009
$1,550,000
Dhicore LLC
Jb Exact LLC
Grant Deed
$631,858 · Metropolitan Bank
Dec 29, 2004
—
York County Economic Dev Corp
Jb Exact LLC
Grant Deed
related
—
Dec 15, 2004
—
Jb Exact LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Dhicore LLC
—
Deed Of Trust
related
$641,000 · South Eastern Econ Dev Corp
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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