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Property profile & analytics
OFF-MARKET
Estimated value
$10,095,000
High-rise multifamily apartments
410 Springwood Dr, Lebanon, PA 17042-7506
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0922628
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2021
Total area
100,234 SF
Lot
2.35 ac (102,366 SF)
APN
26-2341217-358068-0000
UPID
US73-0922628
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
$12.81M
Comparable Approach
Comparable
$10.73M
Blend (final)
Blend
$10.10M
Owner & transaction history
North Cornwall Commons Apartments L · 3 yrs held
North Cornwall Commons Apartments L
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.3M
+102.8%
Auto repair, garage
$13.8M
+82.9%
Medical building
$11.6M
+54.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,875,000
6.5%
$12,805,000
7%
$11,890,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,535,000
Current use
RESTAURANT
$15,280,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,780,000
Change: +83% · Conversion: Difficult
MEDICAL BUILDING
$11,625,000
Change: +54% · Conversion: Moderate
RETAIL STORES
$9,295,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$8,200,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$7,240,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,530,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$10.10M
Range $9.09M – $11.10M · ±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
$101 / 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
$185,642
Tax year 2024
Assessed value
$8,250,000
Assessed 2024
Previous assessed
$8,250,000
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$535,000
Assessed improvement
$7,715,000
Land market value
$549,281
Improvement market value
$7,920,944
Total market value
$8,470,225
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2021
Units
110
Total area
100,234 SF
Lot
2.35 ac (102,366 SF)
APN
26-2341217-358068-0000
UPID
US73-0922628
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
$7.5M
RESTAURANT
Est. value
$15.3M
AUTO REPAIR, GARAGE
Est. value
$13.8M
MEDICAL BUILDING
Est. value
$11.6M
RETAIL STORES
Est. value
$9.3M
OFFICE BUILDING
Est. value
$8.2M
WAREHOUSE, STORAGE
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$6.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2021
Units
110
Lot
2.35 ac
Current owner
From public records · entity-resolved
North Cornwall Commons Apartments L
Individual
Mailing address
201 VLY RDIRON, LEBANON, PA 17042-8930
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2023
—
North Cornwall Commons Apartments L
—
Deed
related
$2,658,369 · Mid Penn 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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