New search
Property profile & analytics
FOR LEASE
Banks
197 Rocherty Rd Lebanon, PA 17042
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-3236381
For Lease
$615,000
197 Rocherty Rd, Lebanon, PA 17042
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2012
Total area
9,664 SF
Lot
10.1 ac (439,956 SF)
APN
26-2338625-357389-0000
UPID
US73-3236381
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
-
Rocherty Commons Shopping Center & Mall
-
BB&T ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$757k
Blend (final)
Blend
$615k
Owner & transaction history
North Corwall Township Auth · 13 yrs held
North Corwall Township Auth
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$875,000
+42.3%
Medical building
$870,000
+41.4%
Auto repair, garage
$835,000
+35.3%
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
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$615,000
Current use
RESTAURANT
$875,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$870,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$835,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$810,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$730,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$630,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$64 / 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
$85,800
Tax year 2024
Assessed value
$3,813,000
Assessed 2024
Previous assessed
$3,813,000
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$1,762,500
Assessed improvement
$2,050,500
Land market value
$1,809,548
Improvement market value
$2,105,236
Total market value
$3,914,784
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
2012
Heating
NONE
Buildings
2
Stories
1
Total area
9,664 SF
Lot
10.1 ac (439,956 SF)
APN
26-2338625-357389-0000
UPID
US73-3236381
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
FINANCIAL BUILDING Current
Est. value
$615,000
RESTAURANT
Est. value
$875,000
MEDICAL BUILDING
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$835,000
OFFICE BUILDING
Est. value
$810,000
WAREHOUSE, STORAGE
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$630,000
FINANCIAL BUILDING Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2012
Heating
NONE
Stories
1
Buildings
2
Lot
10.1 ac
Current owner
From public records · entity-resolved
North Corwall Township Auth
Individual
Mailing address
116 UN AVE, ALTOONA, PA 16602-3246
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Jul 17, 2019
—
Btkd Lebanon LLC
—
Grant Deed
related
$33,500,000 · Dollar Bk
Dec 21, 2017
—
Btkd Lebanon LLC
—
Deed
related
$500,000 · Somerset Tr
May 18, 2017
—
Btkd Lebanon LLC
—
Grant Deed
related
$5,500,000 · Riverview Bk
Oct 25, 2012
—
North Corwall Township Auth
Btkd Lebanon LLC
Grant Deed
related
—
Jun 1, 2011
—
Btkd Lebanon LLC
—
Grant Deed
related
$4,915,000 · Graystone Bank
—
—
Btkd Lebanon LLC
—
Deed Of Trust
related
$313,126 · Graystone Bank
—
—
Btkd Lebanon LLC
—
Deed Of Trust
related
$500,000 · Somerset Tr
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
