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Property profile & analytics
FOR SALE
Warehouses
1840 State Route 72 N Lebanon, PA 17046
Entity Owned
~
Est. High Equity
Property ID
US73-0860628
For Sale
1 / 4
$5,200,000
1840 State Route 72 N, Lebanon, PA 17046
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Total area
22,876 SF
Lot
10.06 ac (438,214 SF)
APN
27-2325043-381506-0000
UPID
US73-0860628
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
$3.03M
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$2.56M
Owner & transaction history
Storage Mall Dewitt LLC
Storage Mall Dewitt LLC
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+111.0%
Auto repair, garage
$3.0M
+81.9%
Medical building
$2.7M
+60.5%
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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%
$3,275,000
6.5%
$3,025,000
7%
$2,810,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,655,000
Current use
RESTAURANT
$3,485,000
Change: +111% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,005,000
Change: +82% · Conversion: Easy
MEDICAL BUILDING
$2,655,000
Change: +61% · Conversion: Difficult
RETAIL STORES
$2,120,000
Change: +28% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,720,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$1,620,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.56M
Range $2.30M – $2.81M · ±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
$112 / 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
$19,270
Tax year 2024
Assessed value
$852,200
Assessed 2024
Previous assessed
$852,200
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$339,900
Assessed improvement
$512,300
Land market value
$348,973
Improvement market value
$525,975
Total market value
$874,948
Applied tax rate
2.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
2021
Heating
NONE
Stories
1
Total area
22,876 SF
Lot
10.06 ac (438,214 SF)
APN
27-2325043-381506-0000
UPID
US73-0860628
Jurisdiction
LEBANON
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
WAREHOUSE, STORAGE Current
Est. value
$1.7M
RESTAURANT
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2021
Heating
NONE
Stories
1
Lot
10.06 ac
Current owner
From public records · entity-resolved
Storage Mall Dewitt LLC
Entity
Mailing address
1840 STATE RTE 72ND N, LEBANON, PA 17046-9379
Ownership since
2025
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
Nov 13, 2025
$4,500,000
Storage Mall Dewitt LLC
North Lebanon Storage LLC
Deed
$2,200,000 · Live Oak Banking Company
Apr 18, 2023
—
North Lebanon Storage LLC
—
Deed
related
$2,240,000 · The Ephrata National Bank
Aug 19, 2021
—
North Lebanon Storage LLC
—
Deed
related
$200,000 · First National Bank Of Pennsylvania
Dec 16, 2020
—
North Lebanon Storage LLC
—
Deed
related
$1,000,000 · First National Bank Of Pennsylvania
Jun 10, 2019
$999,000
North Lebanon Storage LLC
Hostetter,verling C JR & Lori A
Grant Deed
$450,000 · Verling C JR & Lori A Hostetter
Aug 26, 2013
$450,000
Hostetter Verling
Finda L Bashore
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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