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Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Investment properties
1941 Horseshoe Pike Annville, PA 17003-8832
Individually Owned
12-yr Hold
Property ID
US73-3110338
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2015
Total area
20,396 SF
Lot
9.72 ac (423,403 SF)
APN
29-2306239-347913-0000
UPID
US73-3110338
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
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.73M
Owner & transaction history
South Annville Township · 12 yrs held
South Annville Township
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+87.1%
Medical building
$2.4M
+75.8%
Retail stores
$1.9M
+40.5%
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 Annville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Annville 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
COMMERCIAL (GENERAL)
$1,345,000
Current use
AUTO REPAIR, GARAGE
$2,520,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$2,365,000
Change: +76% · Conversion: Easy
RETAIL STORES
$1,890,000
Change: +41% · Conversion: Easy
OFFICE BUILDING
$1,595,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,535,000
Change: +14% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,475,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±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
$85 / 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
$25,733
Tax year 2024
Assessed value
$1,253,800
Assessed 2024
Previous assessed
$1,253,800
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$369,400
Assessed improvement
$884,400
Land market value
$379,260
Improvement market value
$908,008
Total market value
$1,287,268
Applied tax rate
1.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2015
Heating
NONE
Stories
1
Total area
20,396 SF
Lot
9.72 ac (423,403 SF)
APN
29-2306239-347913-0000
UPID
US73-3110338
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
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2015
Heating
NONE
Stories
1
Lot
9.72 ac
Current owner
From public records · entity-resolved
South Annville Township
Individual
Mailing address
564 HORSESHOE PIKE, LEBANON, PA 17042-8963
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2020
—
Dale E Zimmerman
—
Deed
related
$2,400,000 · First Citizens Community Bank
Sep 11, 2020
—
Dale E Zimmerman
—
Deed
related
$96,879 · First Citizens Community Bank
Nov 21, 2013
—
South Annville Township
Zimmerman,dale E & Marlene N
Grant Deed
related
—
Jul 29, 2011
$775,000
Dale E Zimmerman
G Earl Shertzer
Deed
$650,000 · First National Bank Fredericksburg
—
—
Zimmerman Dale E Marlene|zimmerman G
—
Loan Modification
related
$524,100 · First Nat'l Bk/fredericksburg
—
—
G Earl Shertzer
—
Deed Of Trust
related
$53,000 · Fulton Bank
—
—
Dale E Zimmerman
—
Deed Of Trust
related
$650,000 · First National Bank Fredericks
—
—
Dale E Zimmerman
—
Loan Modification
related
$650,000 · First National Bank
—
—
Dale E Zimmerman
—
Deed Of Trust
related
$480,000 · First Citizens Cmnty Bk
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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