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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Industrial properties
228 Main St Spring Grove, PA 17362-1000
Individually Owned
6-yr Hold
Free & Clear
Property ID
US73-4263075
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1920
Total area
10,684 SF
Lot
57.59 ac (2,508,620 SF)
Zoning code
AG
APN
85-000-FF-0093.00-00000
UPID
US73-4263075
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
-
Pixelle Specialty Solutions Mill
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$960k
Comparable Approach
Comparable
$997k
Blend (final)
Blend
$770k
Owner & transaction history
Pixelle Specialty Solutions Ll · 6 yrs held
Pixelle Specialty Solutions Ll
since 2019
3 recorded transactions
Zoning & alternative use
AG · Spring Grove, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+119.8%
Medical building
$1.2M
+103.2%
Auto repair, garage
$1.1M
+89.2%
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 Spring Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Grove 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
$520,000
CAP Approach
CAP Return
Estimation
6%
$1,040,000
6.5%
$960,000
7%
$890,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$580,000
Current use
RESTAURANT
$1,270,000
Change: +120% · Conversion: Difficult
MEDICAL BUILDING
$1,175,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,095,000
Change: +89% · Conversion: Easy
WAREHOUSE, STORAGE
$955,000
Change: +65% · Conversion: Easy
COMMERCIAL (GENERAL)
$895,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$870,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$815,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$72 / 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
$260,296
Tax year 2024
Assessed value
$7,036,521
Assessed 2024
Previous assessed
$7,036,521
+0.0% YoY
Effective rate
3.70%
On assessed value
Assessed land
$1,244,220
Assessed improvement
$5,792,301
Land market value
$1,244,220
Improvement market value
$5,792,301
Total market value
$7,036,521
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1920
Heating
YES
Cooling
NONE
Buildings
38
Stories
1
Total area
10,684 SF
Lot
57.59 ac (2,508,620 SF)
Zoning code
AG
APN
85-000-FF-0093.00-00000
UPID
US73-4263075
Jurisdiction
YORK
Zoning & alternative use
AG · Spring Grove, PA
Zoning AG · permitted uses
AG · Spring Grove, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Grove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$580,000
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$895,000
OFFICE BUILDING
Est. value
$870,000
RETAIL STORES
Est. value
$815,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1920
Heating
YES
Cooling
Yes
Stories
1
Buildings
38
Lot
57.59 ac
Current owner
From public records · entity-resolved
Pixelle Specialty Solutions Ll
Individual
Free & Clear · 6 yrs held
Mailing address
228 S MAIN ST, SPRING GROVE, PA 17362-1000
Ownership since
2019
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
Oct 10, 2019
—
Pixelle Specialty Solutions Ll
Ph Glatfelter Co
Correction Deed
—
Oct 9, 2019
—
Pixelle Specialty Solutions Ll
P H Glatfelter Co
Trustees Deed
related
$260,000,000 · Credit Suisse Ag Cayman Iss Br
—
—
Pixelle Specialty Solutions Ll
—
Deed Of Trust
related
$535,000,000 · Credit Suisse Ag
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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