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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Garden apartment buildings
173 Louther St Carlisle, PA 17013-2934
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-2139027
Property summary
AI-generated overview
This exceptional Carlisle, Pennsylvania creative office space, located at 173 W Louther St, 17013, is perfect for an individual artist or small business. The single-tenant 130-square-foot unit boasts a freshly painted interior and convenient wall cabinet storage, maximizing space efficiency. A private entrance ensures privacy and security, complemented by a private bathroom for added convenience. This all-inclusive rental package covers all utilities, except for Wi-Fi, offering predictable monthly expenses. The property is situated in Cumberland County and is immediately available. Its compact size and comprehensive utility inclusion make it an ideal solution for those seeking a cost-effective and well-appointed workspace. The location in Carlisle provides easy access to local amenities and transportation links. This is a rare opportunity to secure a fully equipped and private office space at an attractive monthly rate of $300. Don't miss out on this chance to establish your business in a vibrant and convenient location.
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1880
Total area
1,600 SF
Lot
0.27 ac (11,761 SF)
APN
05-21-0320-049
UPID
US73-2139027
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
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.14M
Owner & transaction history
Caprice Properties LLC · 5 yrs held
Caprice Properties LLC
since 2021
Last sale
$1.1M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Carlisle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carlisle 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
$1,190,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10% · vs last sale $1.10M (Apr 9 2021)
Last sale anchor
$1.10M
Apr 9 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
$713 / 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
$7,278
Tax year 2024
Assessed value
$318,200
Assessed 2024
Previous assessed
$318,200
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$75,800
Assessed improvement
$242,400
Land market value
$75,800
Improvement market value
$242,400
Total market value
$318,200
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1880
Heating
FORCED AIR
Cooling
NONE
Stories
2
Rooms
6
Bathrooms
2
Total area
1,600 SF
Lot
0.27 ac (11,761 SF)
APN
05-21-0320-049
UPID
US73-2139027
Jurisdiction
CUMBERLAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1880
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Caprice Properties LLC
Entity
Mailing address
PO BOX 351, CARLISLE, PA 17013-0351
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2021
$1,100,000
Caprice Properties LLC
Dvre LP
Deed
$930,000 · Members 1st FCU
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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