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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Warehouses
224 Constitution Ave New Freedom, PA 17349-9524
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-3059611
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Total area
5,100 SF
Lot
5.48 ac (238,709 SF)
Zoning code
LI
APN
78-000-BI-0045.D0-00000
UPID
US73-3059611
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
$765k
Comparable Approach
Comparable
$435k
Blend (final)
Blend
$640k
Owner & transaction history
Axis New Freedom LLC · 4 yrs held
Axis New Freedom LLC
since 2021
2 recorded transactions
Zoning & alternative use
LI · New Freedom, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$605,000
+33.1%
Medical building
$560,000
+23.0%
Auto repair, garage
$520,000
+14.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$455,000
Current use
RESTAURANT
$605,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$560,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$520,000
Change: +15% · Conversion: Easy
COMMERCIAL (GENERAL)
$430,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$415,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$390,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$125 / 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
$33,222
Tax year 2024
Assessed value
$1,141,250
Assessed 2024
Previous assessed
$1,141,250
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$220,160
Assessed improvement
$921,090
Land market value
$220,160
Improvement market value
$921,090
Total market value
$1,141,250
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Heating
NONE
Cooling
NONE
Buildings
7
Total area
5,100 SF
Lot
5.48 ac (238,709 SF)
Zoning code
LI
APN
78-000-BI-0045.D0-00000
UPID
US73-3059611
Jurisdiction
YORK
Zoning & alternative use
LI · New Freedom, PA
Zoning LI · permitted uses
LI · New Freedom, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Freedom. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$455,000
RESTAURANT
Est. value
$605,000
MEDICAL BUILDING
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$430,000
OFFICE BUILDING
Est. value
$415,000
RETAIL STORES
Est. value
$390,000
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2005
Heating
NONE
Cooling
Yes
Buildings
7
Lot
5.48 ac
Current owner
From public records · entity-resolved
Axis New Freedom LLC
Entity
Mailing address
30 N BACTON HL RD, FRAZER, PA 19355-1026
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
—
Axis New Freedom LLC
Axis New Freedom Storage LLC
Special Warranty Deed
$57,799,000 · Prime Finance Short Duration Holdin
Jun 26, 2019
$2,900,000
Axis New Freedom Storage LLC
First Capital Investmentors LP
Deed
$2,320,000 · The Northumberland National Bank
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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