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Property profile & analytics
FOR LEASE
Retail properties & Spaces
1150 Chestnut St Lebanon, PA 17042
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US73-3272848
For Lease
1 / 5
$2,000/Mo
1150 Chestnut St, Lebanon, PA 17042
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2020
Total area
8,880 SF
Lot
0.51 ac (22,216 SF)
APN
02-2336333-368427-0000
UPID
US73-3272848
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
Current use
Occupant on record · Public records
-
Fritz Leiss Carpet Gallery Carpet & Flooring Store
-
Lebanon County Bar Association Law Firm
-
Rocco's Philadelphia Hoagies Take-out & Catering
-
Raiders Law Law Firm
-
Mid Penn Legal Services Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$616k
Blend (final)
Blend
$615k
Owner & transaction history
Daniel A Leiss · 12 yrs held
Daniel A Leiss
since 2013
6 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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
Alternative Use
Use
Estimation
RETAIL STORES
$825,000
Current use
OFFICE BUILDING
$725,000
Change: -12% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$670,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$69 / 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
$10,687
Tax year 2024
Assessed value
$348,200
Assessed 2024
Previous assessed
$348,200
+0.0% YoY
Effective rate
3.07%
On assessed value
Assessed land
$64,000
Assessed improvement
$284,200
Land market value
$65,708
Improvement market value
$291,786
Total market value
$357,494
Applied tax rate
4.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Lease
Year built
2020
Heating
NONE
Stories
1
Total area
8,880 SF
Lot
0.51 ac (22,216 SF)
APN
02-2336333-368427-0000
UPID
US73-3272848
Jurisdiction
LEBANON
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
$825,000
OFFICE BUILDING
Est. value
$725,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$670,000
RETAIL STORES Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2020
Heating
NONE
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Daniel A Leiss
Individual
Mailing address
1150 CHESTNUT ST, LEBANON, PA 17042-5123
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2021
—
Daniel Leiss
—
Deed
related
$100,000 · Truist Bank
Sep 9, 2019
—
Daniel A Leiss
—
Deed
related
$100,000 · Jonestown Bk&tr
Aug 6, 2019
—
Daniel A Leiss
—
Deed
related
$372,000 · Jonestown Bk&tr
Oct 31, 2013
—
Daniel A Leiss
Frederick A Leiss
Intrafamily Transfer
related
$325,000 · Members 1st Cu
—
—
Daniel A Leiss
—
Deed Of Trust
related
$372,000 · Jonestown Bk&tr
—
—
Daniel A Leiss
—
Deed Of Trust
related
$100,000 · Jonestown Bk&tr
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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