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    2000 Un St Middletown, PA 17057-2958
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    Property profile & analytics

    2000 Un St, Middletown, PA 17057-2958

    View on Map
    • Warehouses
    • 112,000 SF
    • 9.35 lot acres
    Off-Market
    Last Sale Oct 4, 2024
    $12,000,000
    Property ID
    US73-5706860
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $12,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2000 Un St

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    9.35 lot acres
    Property type
    Warehouses
    APN
    36-006-014
    APU
    36006014

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 4, 2024 $12,000,000 2000 North Union LLC G&i Ix 2000 N Union LLC Special Warranty Deed $80.8M · Bref Vi Trs LLC
    Jan 26, 2017 — G & I Ix 2000 N Union LLC — Deed $738.5M · Royal Bk/canada
    Dec 10, 2007 — Cabot II-pa2b01 LLC — Deed Of Trust · related $65.5M · New York Life Insurance
    Dec 6, 2007 $6,000,000 Cabot II-pa2b01 LLC Dallas Spring Corp Grant Deed —
    Sep 16, 2005 — Comerica Bank — Deed Of Trust · related $7.3M · Dallas Spring Corp
    — — G & I Ix 2000 N Union LLC — Deed Of Trust $738.5M · Royal Bk/canada
    — — Cabot II-pa2b01 LLC — Deed Of Trust · related $39.2M · New York Life Insurance

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,000,000
      ML approach
      $12,000,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $18,540,000
      AUTO REPAIR, GARAGE
      $18,205,000
      RETAIL STORES
      $16,255,000
      RESTAURANT
      $15,795,000
      INDUSTRIAL (GENERAL)
      $11,730,000
      COMMERCIAL (GENERAL)
      $10,890,000
      APARTMENT HOUSE (5+ UNITS)
      $10,355,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.7367
    Latitude
    40.2312
    CBSA code
    25420
    CBSA name
    HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $108,536
    $639,300
    $2,488,900
    $3,128,200
    -
    $639,300
    $2,488,900
    $3,128,200

    Comparable in this City

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      $7,535,000
      249,112 SF

      140 Fulling Ml Rd

      WAREHOUSE, STORAGE
      140 Fulling Ml Rd, Middletown, PA 17057-2915
      View Details
    • Value Estimation
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      320,000 SF

      300 Hunter Ln

      WAREHOUSE, STORAGE
      300 Hunter Ln, Middletown, PA 17057
      View Details
    • Value Estimation
      $32,950,000
      34.54 Acres

      1141 Harrisburg Pike

      WAREHOUSE, STORAGE
      1141 Harrisburg Pike, Middletown, PA 17057-3813
      View Details
    • Value Estimation
      $1,510,000
      107,418 SF

      1981 Fulling Ml Rd

      WAREHOUSE, STORAGE
      1981 Fulling Ml Rd, Middletown, PA 17057-3176
      View Details
    • Value Estimation by Request
      3.86 Acres

      1431 Stoneridge Dr

      WAREHOUSE, STORAGE
      1431 Stoneridge Dr, Middletown, PA 17057-5977
      View Details
    • Value Estimation
      $1,525,000
      120,635 SF

      2810 Tpke Industrial Park

      WAREHOUSE, STORAGE
      2810 Tpke Industrial Park, Middletown, PA 17057-5400
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      115,890 SF

      Middletown Warehouse with 30' Clearance

      Industrial warehouse space featuring 30' clear height and multiple loading options.
      500 Industrial Ln, Middletown, PA 17057
      View Details
    • Contact for pricing

      Middletown Service/Yard Facility

      6.9 AC site with 15,000 SF facility for lease.
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      High Bay Industrial Complex

      Multi-tenant industrial complex with flexible design and abundant dock loading.
      1001 Aip Dr, Middletown, PA 17057
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    • $230,000

      Versatile 5,500 SF Commercial Building

      5,500 SF building with open space and loading dock.
      109 Poplar St, Middletown, PA 17057
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    • $70,000
      0.11 Acres

      Corner Lot in Middletown, PA

      Corner lot available in Middletown, PA. Buyer to verify acceptable use.
      Wilson St, Middletown, PA 17057
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      418,608 SF

      Middletown Warehouse and Distribution Facility

      418,608 SF warehouse and distribution facility in Middletown, PA.
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      View Details
    • Contact for pricing
      82,500 SF

      High Bay Warehouse Space Available

      Well-located warehouse for last mile delivery needs, available Q2 2022.
      310 Fulling Mill Rd, Middletown, PA 17057
      View Details
    • Contact for pricing

      High Bay Industrial Complex

      Multi-tenant industrial complex with flexible design and abundant dock loading.
      1001 Aip Dr, Middletown, PA 17057
      View Details
    • Contact for pricing
      166,225 SF

      Middletown Warehouse with Truck Court

      166,225 SF warehouse with 140' truck court.
      1400 Aip Dr, Middletown, PA 17057
      View Details
    • Contact for pricing
      67,500 SF

      Industrial Space with Storage Available

      Industrial space featuring storage, dock doors, and parking.
      1420 Stoneridge Dr, Middletown, PA 17057
      View Details
    • Contact for pricing
      70,840 SF

      High Bay Industrial Complex

      Multi-tenant industrial complex with flexible design and abundant loading docks.
      1011 Aip Dr, Middletown, PA 17057
      View Details
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    Middletown, PA 17057-2958
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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