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    Property profile & analytics

    240 Michters Rd Newmanstown, PA 17073-8802

    • Investment properties
    • 3,200 SF
    • 1.72 lot acres
    OFF-MARKET
    Value Estimation
    $375,000
    Location Intelligence
    Property ID
    US73-3439035
    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.

    Current Use by Public Records

    • Hackman Paving, Inc. / Paving Contractor

    Property Details for 240 Michters Rd

    Year built
    1980
    Lot size
    1.72 lot acres
    Property size
    3,200 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    22-2367338-345119-0000
    APU
    2223673383451190000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newmanstown
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.3207
    Latitude
    40.2717
    CBSA code
    30140
    CBSA name
    LEBANON, 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
    2024
    $8,572
    $92,500
    $308,100
    $400,600
    -
    $94,969
    $316,324
    $411,293

    Comparable in this City

    • Value Estimation by Request
      12,780 SF

      Stiegel Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 12,780 SF
      Stiegel Pike, Newmanstown, PA 17073
      View Details
    • Value Estimation
      $355,000
      1,980 SF

      134 Canaan Grv Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,980 SF
      134 Canaan Grv Rd, Newmanstown, PA 17073-8905
      View Details
    • Value Estimation
      $340,000
      2,400 SF

      135 Distillery Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,400 SF
      135 Distillery Rd, Newmanstown, PA 17073-8806
      View Details
    • Value Estimation
      $225,000
      2,814 SF

      178 Distillery Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,814 SF
      178 Distillery Rd, Newmanstown, PA 17073-8803
      View Details
    • Value Estimation
      $360,000
      7,581 SF

      230 Ft Zellers Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 7,581 SF
      230 Ft Zellers Rd, Newmanstown, PA 17073-9188
      View Details
    • Value Estimation
      $205,000
      10,375 SF

      1268 Heidelberg Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 10,375 SF
      1268 Heidelberg Ave, Newmanstown, PA 17073
      View Details
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    240 Michters Rd
    Newmanstown, PA 17073-8802
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    Realmo Value Estimation

    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.

    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.

    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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