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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Investment properties
119 Springwood Dr, Lebanon, PA 17042-7484
Individually Owned
Free & Clear
Property ID
US73-3235726
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1850
Total area
11,750 SF
Lot
5.77 ac (251,341 SF)
APN
26-2340846-357544-0000
UPID
US73-3235726
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
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.12M
Owner & transaction history
North Cornwall Township
North Cornwall Township
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+133.9%
Auto repair, garage
$1.6M
+111.0%
Medical building
$1.4M
+78.0%
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
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$765,000
Current use
RESTAURANT
$1,790,000
Change: +134% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,615,000
Change: +111% · Conversion: Difficult
MEDICAL BUILDING
$1,365,000
Change: +78% · Conversion: Easy
RETAIL STORES
$1,090,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$960,000
Change: +26% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$885,000
Change: +15% · Conversion: Moderate
WAREHOUSE, STORAGE
$850,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±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
$95 / 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
$71,091
Tax year 2024
Assessed value
$3,159,300
Assessed 2024
Previous assessed
$3,159,300
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$1,082,500
Assessed improvement
$2,076,800
Land market value
$1,111,396
Improvement market value
$2,132,238
Total market value
$3,243,634
Applied tax rate
2.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1850
Heating
HOT WATER
Cooling
YES
Buildings
2
Stories
1
Bathrooms
4
Total area
11,750 SF
Lot
5.77 ac (251,341 SF)
APN
26-2340846-357544-0000
UPID
US73-3235726
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
COMMERCIAL (GENERAL) Current
Est. value
$765,000
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$960,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$885,000
WAREHOUSE, STORAGE
Est. value
$850,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1850
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
5.77 ac
Current owner
From public records · entity-resolved
North Cornwall Township
Individual
Free & Clear · 0 yrs held
Mailing address
201 IRON VLY DR, LEBANON, PA 17042-8812
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
—
North Cornwall Township
Springwood Development Partners LP
Deed
—
Nov 3, 2022
—
Springwood Development Partners LP
Springwood Development Partners LP
Intrafamily Transfer
related
$1,800,000 · Peoples Security Bank & Trust Compa
Mar 10, 2022
—
Springwood Development Partners LP
—
Deed
related
$2,200,000 · Mid Penn Bank
Dec 9, 2020
—
Byler Real Estate Holdings LLC
Byler Real Estate Holdings LLC
Quit Claim Deed
related
—
Nov 25, 2020
—
Byler Real Estate Holdings LLC
Springwood Dev Partners LP
Correction Deed
related
—
Oct 16, 2020
$877,500
Byler Real Estate Holdings LLC
Springwood Dev Partners LP
Grant Deed
—
Dec 22, 2017
$384,000
Builder Services Group INC
Springwood Dev Partners LP
Grant Deed
$1,404,000 · Riverview Bk
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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