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Property profile & analytics
FOR SALE
Warehouses
120 Fort Motel Dr Myerstown, PA 17067
Entity Owned
5-yr Hold
Free & Clear
Property ID
US73-1113088
For Sale
1 / 2
$24,220,000
120 Fort Motel Dr, Myerstown, PA 17067
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Total area
204,400 SF
Lot
17.72 ac (771,883 SF)
APN
3491-00-66-2107
UPID
US73-1113088
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
$22.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.22M
Owner & transaction history
Central Logistics Park LP · 5 yrs held
Central Logistics Park LP
since 2021
Last sale
$24.6M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$32.9M
+128.9%
Auto repair, garage
$21.9M
+52.2%
Office building
$19.9M
+38.6%
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 Myerstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Myerstown 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
$25,405,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,135,000
6.5%
$22,280,000
7%
$20,690,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$32,880,000
Change: +129% · Conversion: Difficult
AUTO REPAIR, GARAGE
$21,860,000
Change: +52% · Conversion: Easy
OFFICE BUILDING
$19,900,000
Change: +39% · Conversion: Difficult
RESTAURANT
$18,270,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,760,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$24.22M
Range $21.80M – $26.64M · ±10% · vs last sale $24.60M (Apr 27 2021)
Last sale anchor
$24.60M
Apr 27 2021
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
$118 / 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
$36,659
Tax year 2024
Assessed value
$3,543,600
Assessed 2024
Previous assessed
$10,498,800
-66.2% YoY
Effective rate
1.03%
On assessed value
Assessed land
$2,770,800
Assessed improvement
$772,800
Land market value
$2,770,800
Improvement market value
$772,800
Total market value
$3,543,600
Applied tax rate
30.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
2022
Total area
204,400 SF
Lot
17.72 ac (771,883 SF)
APN
3491-00-66-2107
UPID
US73-1113088
Jurisdiction
BERKS
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
MEDICAL BUILDING
Est. value
$32.9M
AUTO REPAIR, GARAGE
Est. value
$21.9M
OFFICE BUILDING
Est. value
$19.9M
RESTAURANT
Est. value
$18.3M
COMMERCIAL (GENERAL)
Est. value
$15.8M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
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
2022
Lot
17.72 ac
Current owner
From public records · entity-resolved
Central Logistics Park LP
Entity
Free & Clear · 5 yrs held
Mailing address
17304 PRESTON RD, DALLAS, TX 75252-5618
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2025
—
Central Logistics Park LP
—
Deed
related
$96,500,000 · Tpg Re Finance 24, Ltd
Dec 1, 2021
—
Central Logistics Park LP
—
Deed
related
$76,074,000 · Bank Of America NA
Apr 27, 2021
$24,600,000
Central Logistics Park LP
Vesper At Berks LP
Special Warranty Deed
—
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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