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Property profile & analytics
FOR SALE
Outlet malls
2889 Route 611 Tannersville, PA 18372
Trust Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-4158854
For Sale
1 / 23
$2,450,000
2889 Route 611, Tannersville, PA 18372
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1964
Total area
11,014 SF
Lot
1.54 ac (67,082 SF)
Zoning code
C
APN
12.8.1.35-3
UPID
US73-4158854
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$943k
Blend (final)
Blend
$860k
Owner & transaction history
Heilman Trust · 19 yrs held
Heilman Trust
since 2006
7 recorded transactions
Zoning & alternative use
C · Tannersville, 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 Tannersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tannersville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,315,000
Change: -8% · Conversion: Easy
MEDICAL BUILDING
$1,270,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$78 / 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
$6,313
Tax year 2024
Assessed value
$810,030
Assessed 2024
Previous assessed
$810,030
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$232,920
Assessed improvement
$577,110
Land market value
$232,920
Improvement market value
$577,110
Total market value
$810,030
Applied tax rate
12.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
1964
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
11,014 SF
Lot
1.54 ac (67,082 SF)
Zoning code
C
APN
12.8.1.35-3
UPID
US73-4158854
Jurisdiction
MONROE
Zoning & alternative use
C · Tannersville, PA
Zoning C · permitted uses
C · Tannersville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tannersville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
MEDICAL 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
1964
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.54 ac
Current owner
From public records · entity-resolved
Heilman Trust
Trust
Mailing address
270 ROTONDA BLVD E, ROTONDA WEST, FL 33947-2800
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2006
—
Heilman Trust
Heilman,robert E SR
Quit Claim Deed
related
—
Nov 7, 2006
—
Heilman Trust
Heilman,robert E SR
Quit Claim Deed
related
—
—
—
Heilman Real Estate Trust
—
Deed Of Trust
related
$50,000 · Penn Security Bank & Trust Co
—
—
Robert E Heilman SR.
—
Deed Of Trust
related
$250,000 · Lafayette Ambassador Bank
—
—
Heilman Real Estate Trust
—
Deed Of Trust
related
$50,000 · Penn Security Bank & Trust Co
—
—
Heilman Real Estate Trust
—
Deed Of Trust
related
$100,000 · Penn Security Bank & Trust Co
—
—
Heilman Real Estate Trust
—
Deed Of Trust
related
$60,000 · Penn Security Bank & Trust Co
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?”
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