New search
Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Investment properties
23 8th St, Lebanon, PA 17042-5210
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-0379110
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1945
Total area
5,032 SF
Lot
0.03 ac (1,307 SF)
APN
04-2337949-369015-0000
UPID
US73-0379110
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
-
Xtreme-Link LLC Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$527k
Blend (final)
Blend
$675k
Owner & transaction history
Maple Hill Properties LLC · 2 yrs held
Maple Hill Properties LLC
since 2024
Last sale
$675,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$765,000
+133.9%
Auto repair, garage
$690,000
+111.0%
Medical building
$585,000
+78.0%
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
$675,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
RESTAURANT
$765,000
Change: +134% · Conversion: Difficult
AUTO REPAIR, GARAGE
$690,000
Change: +111% · Conversion: Difficult
MEDICAL BUILDING
$585,000
Change: +78% · Conversion: Easy
RETAIL STORES
$465,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$410,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $675k (Apr 15 2024)
Last sale anchor
$675k
Apr 15 2024
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
$134 / 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
$9,340
Tax year 2024
Assessed value
$304,300
Assessed 2024
Previous assessed
$304,300
+0.0% YoY
Effective rate
3.07%
On assessed value
Assessed land
$18,900
Assessed improvement
$285,400
Land market value
$19,404
Improvement market value
$293,018
Total market value
$312,422
Applied tax rate
4.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1945
Heating
NONE
Stories
1
Units
8
Total area
5,032 SF
Lot
0.03 ac (1,307 SF)
APN
04-2337949-369015-0000
UPID
US73-0379110
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
RESTAURANT
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$690,000
MEDICAL BUILDING
Est. value
$585,000
RETAIL STORES
Est. value
$465,000
OFFICE BUILDING
Est. value
$410,000
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1945
Heating
NONE
Stories
1
Units
8
Lot
0.03 ac
Current owner
From public records · entity-resolved
Maple Hill Properties LLC
Entity
Mailing address
246 MAPLE SHADE RD, CHRISTIANA, PA 17509-9795
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2024
$675,000
Maple Hill Properties LLC
Jeffrey Zimmerman
Deed
$520,000 · Bank Of Bird In Hand
Mar 14, 2022
—
Jeffrey Zimmerman
—
Deed
related
$318,000 · Lebanon FCU
Oct 21, 2021
$400,000
Jeffrey Zimmerman
Steven E Dice
Deed
—
May 4, 2020
—
Steven E Dice
—
Deed
related
$125,000 · John D Light
—
—
Steven E Dice
—
Deed Of Trust
related
$125,000 · John D Light
—
—
Steven E Dice
—
Deed Of Trust
related
$100,000 · John D Light
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 23 8th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
