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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Office buildings
16 Northbrook Ln Shrewsbury, PA 17361-1229
Entity Owned
Absentee Owner
Free & Clear
Property ID
US73-1943508
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
10,740 SF
Lot
4.5 ac (196,020 SF)
Zoning code
I
APN
84-000-09-0115.00-00000
UPID
US73-1943508
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
-
Ingersoll Rand. Production Facility Building Supply
-
Ingersoll Rand - Federal City Customer Center Production Facility Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.41M
Owner & transaction history
NORTHBROOK V LIMITED
NORTHBROOK V LIMITED
Zoning & alternative use
I · Shrewsbury, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide reasonable standards for the development of new industrial and office uses, to protect present and prospective uses of nearby residential properties, to minimize air, land and water pollution and noise, glare, heat, vibration and fire and safety hazards
Zone name
Industrial
General category
INDUSTRIAL
Zone area
56.12 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.3M
+46.1%
Medical building
$1.2M
+35.0%
Auto repair, garage
$1.1M
+25.7%
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 Shrewsbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shrewsbury 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
OFFICE BUILDING
$875,000
Current use
RESTAURANT
$1,280,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$1,180,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,100,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$960,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$900,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±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
$131 / 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
$49,493
Tax year 2024
Assessed value
$1,736,000
Assessed 2024
Previous assessed
$1,736,000
+0.0% YoY
Effective rate
2.85%
On assessed value
Assessed land
$233,590
Assessed improvement
$1,502,410
Land market value
$233,590
Improvement market value
$1,502,410
Total market value
$1,736,000
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
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
10,740 SF
Lot
4.5 ac (196,020 SF)
Zoning code
I
APN
84-000-09-0115.00-00000
UPID
US73-1943508
Jurisdiction
YORK
Zoning & alternative use
I · Shrewsbury, PAZoning I · permitted uses
I · Shrewsbury, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide reasonable standards for the development of new industrial and office uses, to protect present and prospective uses of nearby residential properties, to minimize air, land and water pollution and noise, glare, heat, vibration and fire and safety hazards
Zone name
Industrial
General category
INDUSTRIAL
Zone area
56.12 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$875,000
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$900,000
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
4.5 ac
Current owner
From public records · entity-resolved
NORTHBROOK V LIMITED
Individual
Free & Clear · 0 yrs held
Mailing address
6259 REYNOLDS ML RD, SEVEN VALLEYS, PA 17360-8844
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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