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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Garden apartment buildings
204 Broad St Palmyra, PA 17078-1324
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-3359404
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Total area
12,200 SF
Lot
0.9 ac (39,204 SF)
APN
16-2290620-358265-0000
UPID
US73-3359404
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
$970k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$729k
Blend (final)
Blend
$1.03M
Owner & transaction history
Kotsalos Family Properties LLC · 5 yrs held
Kotsalos Family Properties LLC
since 2021
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+64.2%
Medical building
$1.4M
+54.3%
Retail stores
$1.1M
+23.3%
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 Palmyra submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmyra 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
$1,020,000
ML approach
$970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$915,000
Current use
AUTO REPAIR, GARAGE
$1,505,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$1,415,000
Change: +54% · Conversion: Moderate
RETAIL STORES
$1,130,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$955,000
Change: +4% · Conversion: Moderate
WAREHOUSE, STORAGE
$880,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$880,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $1.20M (Jul 13 2021)
Last sale anchor
$1.20M
Jul 13 2021
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
$84 / 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
$13,594
Tax year 2024
Assessed value
$538,500
Assessed 2024
Previous assessed
$538,500
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$179,800
Assessed improvement
$358,700
Land market value
$184,599
Improvement market value
$368,275
Total market value
$552,874
Applied tax rate
6.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1965
Heating
NONE
Stories
2
Units
16
Total area
12,200 SF
Lot
0.9 ac (39,204 SF)
APN
16-2290620-358265-0000
UPID
US73-3359404
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$955,000
WAREHOUSE, STORAGE
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$880,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1965
Heating
NONE
Stories
2
Units
16
Lot
0.9 ac
Current owner
From public records · entity-resolved
Kotsalos Family Properties LLC
Entity
Mailing address
204 POPLAR AVE, HUMMELSTOWN, PA 17036-2413
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2023
—
Kotsalos Family Properties LLC
—
Deed
related
$250,000 · Jonestown Bank & Trust Co
Jan 13, 2022
—
Kotsalos Family Properties LLC
—
Deed
related
$200,000 · Jonestown Bank & Trust Co
Jul 13, 2021
$1,200,000
Kotsalos Family Properties LLC
Lenson Development Corp
Deed
$1,140,000 · Jonestown Bank & Trust Co
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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