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Property profile & analytics
FOR LEASE
Warehouses
1862 Tollgate Rd Palm, PA 18070
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US73-4161945
For Lease
1 / 2
$10 SF/Yr
1862 Tollgate Rd, Palm, PA 18070
View Listing →
Property summary
AI-generated overview
This 5,280 square foot industrial flex space, located at 1862 Tollgate Road in Palm, Pennsylvania (Berks County, zip code 18070), is immediately available for lease. The single-tenant unit is fully air-conditioned and offers a cost-effective solution for businesses seeking industrial space. The property is classified as industrial with a flex subtype, providing versatility for various operational needs. A significant advantage is the landlord's flexibility in lease structuring
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1945
Total area
85,772 SF
Lot
25.62 ac (1,116,007 SF)
APN
6410-01-25-1695
UPID
US73-4161945
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
-
On the Spot Tool Sharpening Inc. Sharpening Service
-
Cricket Connection (Bike/Boat/Book/etc) Store
-
Optotech Optical Machinery Inc Production Facility
-
Young's Lubricants Big Box & Wholesale Store
-
Fasig’s Coffee Specialty Food Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$4.34M
Owner & transaction history
John M Coleman · 19 yrs held
John M Coleman
since 2007
7 recorded transactions
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 Palm submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm 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
$6,025,000
Current use
RETAIL STORES
$5,680,000
Change: -6% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,585,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$4.34M
Range $3.91M – $4.77M · ±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
$51 / 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
$15,745
Tax year 2024
Assessed value
$1,599,300
Assessed 2024
Previous assessed
$1,599,300
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$197,100
Assessed improvement
$1,402,200
Land market value
$197,100
Improvement market value
$1,402,200
Total market value
$1,599,300
Applied tax rate
52.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
WAREHOUSE, STORAGE
Status
For Lease
Year built
1945
Heating
NONE
Buildings
3
Stories
2
Total area
85,772 SF
Lot
25.62 ac (1,116,007 SF)
APN
6410-01-25-1695
UPID
US73-4161945
Jurisdiction
BERKS
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
$6.0M
RETAIL STORES
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.6M
WAREHOUSE, STORAGE Current
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
Year built
1945
Heating
NONE
Stories
2
Buildings
3
Lot
25.62 ac
Current owner
From public records · entity-resolved
John M Coleman
Individual
Mailing address
31 OAK AVE STE #450, CHALFONT, PA 18914-2819
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2007
$2,950,000
John M Coleman
Brooks,edwin J
Grant Deed
$2,155,000 · Pnc Bank
Sep 25, 2003
—
Brode,jeffrey R
—
Trustees Deed
related
$420,000 · Univest Nat'l Bk&tr
—
—
Coleman,john M
—
Deed Of Trust
related
$1,100,000 · Td Bk NA
—
—
Edwin J Brooks JR.
—
Deed Of Trust
related
$200,000 · Union Nat'l Bk & Tr Souderton
—
—
Edwin J Brooks JR.
—
Deed Of Trust
related
$300,000 · Univest National Bank & Tr Co
—
—
Edwin J Brooks JR.
—
Deed Of Trust
related
$220,000 · Union Nat'l Bk & Tr Souderton
—
—
Brode,jeffrey B Etal
—
Deed Of Trust
related
$1,700,000 · Union Nat'l Bk&tr/souderton
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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