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Property profile & analytics
OFF-MARKET
Estimated value
$33,710,000
Refrigerated & Cold Storage
3824 Rte 309 Orefield, PA 18069-2007
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-2207295
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1959
Total area
352,946 SF
Lot
19.83 ac (863,838 SF)
Zoning code
LI-B
APN
546847942094-1
UPID
US73-2207295
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
$30.46M
Blend (final)
Blend
$33.71M
Owner & transaction history
Lineage Pa Re 2 LLC · 5 yrs held
Lineage Pa Re 2 LLC
since 2021
Last sale
$33.8M
5 recorded transactions
Zoning & alternative use
LI-B · Orefield, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$52.5M
+55.8%
Commercial (general)
$47.3M
+40.4%
Retail stores
$43.0M
+27.7%
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 Orefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orefield 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
$36,880,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$33,680,000
Current use
OFFICE BUILDING
$52,490,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$47,300,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$43,015,000
Change: +28% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$40,830,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$33.71M
Range $30.34M – $37.08M · ±10% · vs last sale $33.75M (Jun 2 2021)
Last sale anchor
$33.75M
Jun 2 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
$96 / 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
$303,217
Tax year 2024
Assessed value
$14,521,900
Assessed 2024
Previous assessed
$14,521,900
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$1,784,800
Assessed improvement
$12,737,100
Land market value
$1,784,800
Improvement market value
$12,737,100
Total market value
$14,521,900
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1959
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
352,946 SF
Lot
19.83 ac (863,838 SF)
Zoning code
LI-B
APN
546847942094-1
UPID
US73-2207295
Jurisdiction
LEHIGH
Zoning & alternative use
LI-B · Orefield, PA
Zoning LI-B · permitted uses
LI-B · Orefield, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orefield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$33.7M
OFFICE BUILDING
Est. value
$52.5M
COMMERCIAL (GENERAL)
Est. value
$47.3M
RETAIL STORES
Est. value
$43.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$40.8M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1959
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
19.83 ac
Current owner
From public records · entity-resolved
Lineage Pa Re 2 LLC
Entity
Mailing address
46500 HUMBOLDT DR, NOVI, MI 48377-2434
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2021
$33,750,000
Lineage Pa Re 2 LLC
Crefield Cold Seorage & Distribudon
Special Warranty Deed
—
May 29, 2019
—
Orefield Cold Storage & Distributio
—
Deed
related
$865,000 · Lafayette Ambassador Bank
Jul 23, 2018
—
Orefield Cold Storage & Distri
—
Grant Deed
related
$7,900,000 · Lafayette Ambassador Bk
—
—
Cold Storage Orefield
—
Deed Of Trust
related
$750,000 · Wachovia Bank NA
—
—
Cold Storage Orefield
—
Deed Of Trust
related
$750,000 · M & T 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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