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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Warehouses
138 Market St New Wilmington, PA 16142-1248
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-3259623
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Total area
6,950 SF
Lot
0.26 ac (11,326 SF)
Zoning code
C
APN
18-023800
UPID
US73-3259623
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
-
Hop Asylum Brewing Production Facility Brewery & Distillery
-
Fractured Grape Wine Cellars Brewery & Distillery Specialty Food Shop
-
Pulse Coffee Company Cafe & Coffee Shop
-
Operation Grape Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$476k
Blend (final)
Blend
$575k
Owner & transaction history
Novosel Properties LLC · 8 yrs held
Novosel Properties LLC
since 2017
1 recorded transaction
Zoning & alternative use
C · New Wilmington, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-Commercial District: This district is designed to accommodate a wide variety of commercial uses within the Borough commercial core. Residential uses are prohibited in the C-Commercial District, except that dwelling units as a secondary use may be permitted as a special exception on the second or higher floor of a building where the first floor is used as a…
Zone name
Commercial
General category
COMMERCIAL
Zone area
17.92 ac
Top alternative use upside
Office building
$705,000
+94.4%
Restaurant
$640,000
+76.6%
Retail stores
$470,000
+29.9%
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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Wilmington 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
WAREHOUSE, STORAGE
$365,000
Current use
OFFICE BUILDING
$705,000
Change: +94% · Conversion: Difficult
RESTAURANT
$640,000
Change: +77% · Conversion: Difficult
RETAIL STORES
$470,000
Change: +30% · Conversion: Moderate
COMMERCIAL (GENERAL)
$415,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$83 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,689
Tax year 2023
Assessed value
$236,500
Assessed 2024
Previous assessed
$236,500
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$33,500
Assessed improvement
$203,000
Land market value
$33,500
Improvement market value
$203,000
Total market value
$236,500
Applied tax rate
18.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Buildings
2
Stories
1
Total area
6,950 SF
Lot
0.26 ac (11,326 SF)
Zoning code
C
APN
18-023800
UPID
US73-3259623
Jurisdiction
LAWRENCE
Zoning & alternative use
C · New Wilmington, PAZoning C · permitted uses
C · New Wilmington, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-Commercial District: This district is designed to accommodate a wide variety of commercial uses within the Borough commercial core. Residential uses are prohibited in the C-Commercial District, except that dwelling units as a secondary use may be permitted as a special exception on the second or higher floor of a building where the first floor is used as a commercial business, in accordance with § 275-11B(9) . [Amended 7-1-2024 by Ord. No. 537 ] C.
Zone name
Commercial
General category
COMMERCIAL
Zone area
17.92 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$365,000
OFFICE BUILDING
Est. value
$705,000
RESTAURANT
Est. value
$640,000
RETAIL STORES
Est. value
$470,000
COMMERCIAL (GENERAL)
Est. value
$415,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
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
Heating
NONE
Stories
1
Buildings
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Novosel Properties LLC
Entity
Mailing address
5253 OLD PULASKI RD, NEW WILMINGTON, PA 16142-5703
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2017
$220,000
Novosel Properties LLC
Jameson Healthcare Foundation
Grant Deed
$125,000 · Eriebank
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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