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Property profile & analytics
OFF-MARKET
Estimated value
$8,990,000
Warehouses
2nd Stoneridge Dr Middletown, PA 17057
Entity Owned
13-yr Hold
Free & Clear
Property ID
US73-0745057
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
348,615 SF
Lot
38.98 ac (1,697,969 SF)
APN
36-006-018
UPID
US73-0745057
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
$7.68M
Blend (final)
Blend
$8.99M
Owner & transaction history
Exeter 1400 Aip LP · 13 yrs held
Exeter 1400 Aip LP
since 2013
7 recorded transactions
Zoning & alternative use
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
Blend value · Realmo final
$8.99M
Range $8.09M – $9.89M · ±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
$26 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$375,737
Tax year 2023
Assessed value
$10,829,400
Assessed 2024
Previous assessed
$10,829,400
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$2,018,200
Assessed improvement
$8,811,200
Land market value
$2,018,200
Improvement market value
$8,811,200
Total market value
$10,829,400
Applied tax rate
36.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Heating
HOT WATER
Cooling
YES
Stories
1
Total area
348,615 SF
Lot
38.98 ac (1,697,969 SF)
APN
36-006-018
UPID
US73-0745057
Jurisdiction
DAUPHIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
38.98 ac
Current owner
From public records · entity-resolved
Exeter 1400 Aip LP
Entity
Free & Clear · 13 yrs held
Mailing address
100 W MATSONFORD RD STE #250, RADNOR, PA 19087-4558
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2021
—
Big Box 1400 Alp LP
—
Deed
related
$267,000,000 · Pgim Vip Mortgage Account LP
May 22, 2013
—
Exeter 1400 Aip LP
—
Deed Of Trust
related
$88,114,000 · Miscellaneous Ins Co
Jan 25, 2013
$16,550,000
Exeter 1400 Aip LP
Conewago Contractors INC
Grant Deed
related
—
Jan 12, 2009
—
Conewago Contractors INC
—
Deed Of Trust
related
$9,000,000 · Manufacturers & Traders Trust
Feb 25, 2004
$3,750,000
Community Banks
Conewago Contractors INC
Grant Deed
related
—
Feb 25, 2004
—
Conewago Contractors INC
—
Trustees Deed
related
$3,750,000 · Community Bank NA
Oct 11, 2002
$2,325,000
Conewago Contractors INC
Noah W Kreider & Sons
Grant Deed
—
—
—
Big Box 1400 Aip LP
—
Loan Modification
related
$2,861,400 · Miscellaneous Ins Co
—
—
Big Box 1400 Aip LP
—
Loan Modification
related
$2,861,400 · Miscellaneous Ins 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.
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