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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Residential income homes
25 9th St, Lebanon, PA 17042-5104
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-3164332
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1965
Total area
16,468 SF
Lot
0.26 ac (11,326 SF)
APN
02-2337436-368895-0000
UPID
US73-3164332
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
-
American House Nursing Home Retirement Community
-
Lan Acupressure Spa Alternative Medicine Practice Spa & Massage Center
-
Asian Bodywork Alternative Medicine Practice Spa & Massage Center
-
Team Longenecker Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$894k
Blend (final)
Blend
$940k
Owner & transaction history
Hotel Lebanon Corp · 4 yrs held
Hotel Lebanon Corp
since 2021
Last sale
$1.2M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+23.3%
Office building
$1.4M
+8.9%
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 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
$910,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,240,000
Current use
RETAIL STORES
$1,525,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$1,350,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,190,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,075,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $1.20M (Dec 15 2021)
Last sale anchor
$1.20M
Dec 15 2021
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
$57 / 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
$18,748
Tax year 2024
Assessed value
$610,800
Assessed 2024
Previous assessed
$610,800
+0.0% YoY
Effective rate
3.07%
On assessed value
Assessed land
$34,500
Assessed improvement
$576,300
Land market value
$35,420
Improvement market value
$591,683
Total market value
$627,103
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1965
Heating
NONE
Stories
4
Units
74
Total area
16,468 SF
Lot
0.26 ac (11,326 SF)
APN
02-2337436-368895-0000
UPID
US73-3164332
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1965
Heating
NONE
Stories
4
Units
74
Lot
0.26 ac
Current owner
From public records · entity-resolved
Hotel Lebanon Corp
Entity
Mailing address
731 S LINCOLN AVE STE #5, LEBANON, PA 17042-7104
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 15, 2021
$1,200,000
Hotel Lebanon Corp
Theodore A Hummel
Deed
$960,000 · First Citizens Community Bank
Apr 1, 2021
—
Wicare Home Care Agency LLC
Theodore A Hummel
Lease
—
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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