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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Motels
2828 Reading Rd Adamstown, PA 19501
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US73-3816609
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1953
Construction
FRAME
Total area
4,576 SF
Lot
2.5 ac (108,900 SF)
Zoning code
HC
APN
010-27505-0-0000
UPID
US73-3816609
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
-
Black Forest Inn of Adamstown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Sriji LLC · 22 yrs held
Sriji LLC
since 2004
3 recorded transactions
Zoning & alternative use
HC · Adamstown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Adamstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Adamstown 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
$385,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$505,000
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$118 / 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
$10,264
Tax year 2024
Assessed value
$408,100
Assessed 2024
Previous assessed
$408,100
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$215,000
Assessed improvement
$193,100
Land market value
$215,000
Improvement market value
$193,100
Total market value
$408,100
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1953
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
4,576 SF
Lot
2.5 ac (108,900 SF)
Zoning code
HC
APN
010-27505-0-0000
UPID
US73-3816609
Jurisdiction
LANCASTER
Zoning & alternative use
HC · Adamstown, PA
Zoning HC · permitted uses
HC · Adamstown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Adamstown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
2.5 ac
Current owner
From public records · entity-resolved
Sriji LLC
Entity
Mailing address
2828 N READING RD, ADAMSTOWN, PA 19501
Ownership since
2004
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
May 13, 2004
$520,000
Sriji LLC
Patel,tapasvi J & Jvoti
Grant Deed
$520,000 · Ephrata National Bank
Jun 14, 2000
$400,000
Tapasvi J Patel
Mcgrath,virginia E
Grant Deed
$408,000 · Ephrata National Bank
—
—
Sriji LLC
—
Deed Of Trust
related
$520,000 · Ephrata National Bank
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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