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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Manufacturing properties
244 Railroad Ave Bird In Hand, PA 17505-9629
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-1188114
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1998
Construction
STEEL FRAME
Total area
6,520 SF
Lot
0.73 ac (31,799 SF)
Zoning code
I
APN
310-50478-0-0000
UPID
US73-1188114
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
-
Glick-It Production Facility Building Supply
-
D & D Food Plot Enterprises Big Box & Wholesale Store Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$398k
Blend (final)
Blend
$555k
Owner & transaction history
John D Petersheim JR. · 8 yrs held
John D Petersheim JR.
since 2017
7 recorded transactions
Zoning & alternative use
I · Bird In Hand, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$830,000
+30.9%
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 Bird In Hand submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bird In Hand 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%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$635,000
Current use
WAREHOUSE, STORAGE
$830,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$85 / 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
$10,576
Tax year 2024
Assessed value
$522,400
Assessed 2024
Previous assessed
$522,400
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$130,700
Assessed improvement
$391,700
Land market value
$130,700
Improvement market value
$391,700
Total market value
$522,400
Applied tax rate
310.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
RADIANT
Buildings
2
Stories
2
Rooms
9
Bathrooms
4
Total area
6,520 SF
Lot
0.73 ac (31,799 SF)
Zoning code
I
APN
310-50478-0-0000
UPID
US73-1188114
Jurisdiction
LANCASTER
Zoning & alternative use
I · Bird In Hand, PAZoning I · permitted uses
I · Bird In Hand, PA
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
INDUSTRIAL (GENERAL) Current
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$830,000
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1998
Construction
STEEL FRAME
Heating
RADIANT
Stories
2
Buildings
2
Rooms
9
Bathrooms
4
Lot
0.73 ac
Current owner
From public records · entity-resolved
John D Petersheim JR.
Individual
Mailing address
244 RAILROAD AVE, BIRD IN HAND, PA 17505-9629
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2022
—
Enos S Glick
—
Deed
related
$165,000 · Bank Of Bird In Hand
Nov 13, 2017
—
John D Petersheim JR.
Petersheim,john D JR & Ruth B
Quit Claim Deed
related
—
Dec 22, 2016
—
John D Petersheim JR
—
Deed
related
$280,000 · Univest Bank & Trust Co
—
—
John D Petersheim JR.
—
Deed Of Trust
related
$344,000 · Hometowne Heritage Bank
—
—
John D Petersheim JR.
—
Deed Of Trust
related
$150,000 · Hometowne Heritage Bank
—
—
John D Petersheim
—
Deed Of Trust
related
$499,000 · Hometowne Heritage Bank
—
—
John D Petersheim
—
Deed Of Trust
related
$45,000 · Allfirst Bank
—
—
John D Petersheim JR.
—
Deed Of Trust
related
$125,000 · Hometowne Heritage Bank
—
—
John D Petersheim
—
Deed Of Trust
related
$75,000 · National Penn Bank
—
—
John D Petersheim
—
Deed Of Trust
related
$80,000 · First National Bank Maryland
—
—
John D Petersheim
—
Deed Of Trust
related
$140,000 · Hometowne Heritage Bank
—
—
John D Petersheim
—
Deed Of Trust
related
$40,000 · Allfirst Bank
—
—
John D Petersheim
—
Deed Of Trust
related
$32,000 · Allfirst Bank
—
—
John D Petersheim JR.
—
Deed Of Trust
related
$50,000 · Hometowne Heritage Bank
—
—
John D Petersheim JR.
—
Deed Of Trust
related
$454,300 · Hometowne Heritage Bank
—
—
John D Petersheim
—
Deed Of Trust
related
$80,000 · First National Bank Maryland
—
—
John D Petersheim
—
Deed Of Trust
related
$25,000 · First National Bank Maryland
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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