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Property profile & analytics
OFF-MARKET
Estimated value
$70,000
Retail space
20 Franklin St New Freedom, PA 17349-9506
Individually Owned
4-yr Hold
Free & Clear
Property ID
US73-1234994
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Total area
3,119 SF
Lot
0.1 ac (4,487 SF)
Zoning code
CBD
APN
78-000-01-0245.00-00000
UPID
US73-1234994
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
$65k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$70k
Owner & transaction history
Joseph Scott Bull · 4 yrs held
Joseph Scott Bull
since 2022
Last sale
$75,000
5 recorded transactions
Zoning & alternative use
CBD · New Freedom, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purposes of the Central Business District are as follows to affirm the heritage of New Freedom Borough as a central place within the York County Region, To create a focal location for the Borough shopping, business, and employment, and residential activities to successfully coexist in a manner compatible to all uses, To provide standards for the harmonio…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
73.72 ac
Source
Realmo
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 New Freedom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Freedom 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
$70,000
ML approach
$65,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$70k
Range $63k – $77k · ±10% · vs last sale $75k (Aug 10 2022)
Last sale anchor
$75k
Aug 10 2022
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
$22 / 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
$2,317
Tax year 2024
Assessed value
$79,590
Assessed 2024
Previous assessed
$79,590
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$14,630
Assessed improvement
$64,960
Land market value
$14,630
Improvement market value
$64,960
Total market value
$79,590
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1948
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,119 SF
Lot
0.1 ac (4,487 SF)
Zoning code
CBD
APN
78-000-01-0245.00-00000
UPID
US73-1234994
Jurisdiction
YORK
Zoning & alternative use
CBD · New Freedom, PAZoning CBD · permitted uses
CBD · New Freedom, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purposes of the Central Business District are as follows to affirm the heritage of New Freedom Borough as a central place within the York County Region, To create a focal location for the Borough shopping, business, and employment, and residential activities to successfully coexist in a manner compatible to all uses, To provide standards for the harmonious development of this variety of activities, To promote architectural styles visually consistent with existing Borough buildings and with traditional town design
Zone name
Central Business District
General category
COMMERCIAL
Zone area
73.72 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1948
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Joseph Scott Bull
Individual
Free & Clear · 4 yrs held
Mailing address
420 N 2ND ST, NEW FREEDOM, PA 17349-9478
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
Joseph Scott Bull
Joseph S Bull
Intrafamily Transfer
related
—
Dec 7, 2017
—
Joseph S Bull
Bull,joseph S
Quit Claim Deed
related
—
Feb 11, 2016
$75,000
Joseph S Bull
Heuer,gary H & Timothy W
Grant Deed
related
—
Sep 30, 2015
—
Gary H Heuer
Heuer,robert J
Quit Claim Deed
related
—
Sep 30, 2015
$75,000
Joseph S Bull
Heuer,gary H & Timothy W
Grant 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.
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