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Property profile & analytics
FOR SALE
Office buildings
15842 Elm Dr New Freedom, PA 17349-9400
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-1036154
No photos on file
For Sale
Contact for pricing
15842 Elm Dr, New Freedom, PA 17349-9400
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Total area
11,976 SF
Lot
1.67 ac (72,745 SF)
Zoning code
ID
APN
45-000-BJ-0059.S0-00000
UPID
US73-1036154
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
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$787k
Blend (final)
Blend
$850k
Owner & transaction history
Shrewsbusry Properties LLC · 2 yrs held
Shrewsbusry Properties LLC
since 2024
Last sale
$750,000
6 recorded transactions
Zoning & alternative use
ID · New Freedom, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+25.7%
Warehouse, storage
$1.1M
+9.7%
Commercial (general)
$1.0M
+3.0%
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 New Freedom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Freedom 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
$850,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$975,000
Current use
AUTO REPAIR, GARAGE
$1,225,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,070,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,005,000
Change: +3% · Conversion: Easy
RETAIL STORES
$915,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $750k (May 24 2023)
Last sale anchor
$750k
May 24 2023
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
$71 / 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
$16,213
Tax year 2024
Assessed value
$603,090
Assessed 2024
Previous assessed
$603,090
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$60,420
Assessed improvement
$542,670
Land market value
$60,420
Improvement market value
$542,670
Total market value
$603,090
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1992
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
11,976 SF
Lot
1.67 ac (72,745 SF)
Zoning code
ID
APN
45-000-BJ-0059.S0-00000
UPID
US73-1036154
Jurisdiction
YORK
Zoning & alternative use
ID · New Freedom, PAZoning ID · permitted uses
ID · New Freedom, PA
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
OFFICE BUILDING Current
Est. value
$975,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$915,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1992
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Shrewsbusry Properties LLC
Entity
Mailing address
15842 ELM DR, NEW FREEDOM, PA 17349-9400
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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 13, 2026
—
Shrewsbury Properties LLC
—
Deed
related
$550,000 · M & T Bank
Apr 17, 2024
$142,000
Shrewsbusry Properties LLC
Tec Fab Properties
Deed
$92,300 · M & T Bank
Oct 11, 2023
—
Shrewsbury Properties LLC
—
Deed
related
$350,000 · M & T Bank
May 24, 2023
$750,000
Shrewsbury Properties LLC
Tec Fab Properties
Deed
$600,000 · M & T Bank
Jul 22, 2016
—
Tec Fab Properties
—
Deed
related
$250,000 · Bruce G Beigel
—
—
Tec Fab Properties
—
Deed Of Trust
related
$250,000 · Bruce G Beigel
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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