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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Motels
116 7th St Akron, PA 17501-1333
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1067673
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1965
Construction
FRAME
Total area
3,738 SF
Lot
0.92 ac (40,075 SF)
Zoning code
C-1
APN
020-95295-0-0000
UPID
US73-1067673
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
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.08M
Owner & transaction history
116 S 7th St LLC · 4 yrs held
116 S 7th St LLC
since 2022
Last sale
$962,500
7 recorded transactions
Zoning & alternative use
C-1 · Akron, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$915,000
+9.5%
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 Akron submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Akron 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
$1,155,000
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$835,000
Current use
COMMERCIAL (GENERAL)
$915,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$755,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10% · vs last sale $963k (Apr 28 2022)
Last sale anchor
$963k
Apr 28 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
$289 / 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
$15,001
Tax year 2024
Assessed value
$599,300
Assessed 2024
Previous assessed
$599,300
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$96,900
Assessed improvement
$502,400
Land market value
$96,900
Improvement market value
$502,400
Total market value
$599,300
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1965
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
4
Stories
2
Rooms
6
Bathrooms
3
Total area
3,738 SF
Lot
0.92 ac (40,075 SF)
Zoning code
C-1
APN
020-95295-0-0000
UPID
US73-1067673
Jurisdiction
LANCASTER
Zoning & alternative use
C-1 · Akron, PA
Zoning C-1 · permitted uses
C-1 · Akron, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Akron. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$915,000
MEDICAL BUILDING
Est. value
$755,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1965
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
4
Rooms
6
Bathrooms
3
Lot
0.92 ac
Current owner
From public records · entity-resolved
116 S 7th St LLC
Entity
Mailing address
302 OWL BRG RD, MILLERSVILLE, PA 17551-9641
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 13, 2023
—
116 S 7th St LLC
—
Deed
related
$285,000 · Bank Of Bird In Hand
Oct 11, 2022
—
116 S 7th St LLC
—
Deed
related
$790,000 · Bank Of Bird In Hand
Jun 17, 2022
—
116 S 7th St LLC
—
Deed
related
$200,000 · Bank Of Bird In Hand
Apr 28, 2022
$962,500
116 S 7th St LLC
Kishor S Shall
Deed
$770,000 · Bank Of Bird In Hand
Feb 23, 2005
—
Kishor S Shah
Owner,record
Grant Deed
related
—
Feb 16, 2005
—
Shah,kishor S & Pragna K
Shah,smita A & Ajay P
Quit Claim Deed
related
$730,000 · Fulton Bk
—
—
Smita A Shah
—
Deed Of Trust
related
$275,000 · Fulton Bank
—
—
Smita A Shah
—
Deed Of Trust
related
$40,000 · Fulton Bank
—
—
Smita A Shah
—
Deed Of Trust
related
$340,000 · Fulton 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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