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Property profile & analytics
FOR SALE
Warehouses
417 2Nd St, Williamsport, PA 17701
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-3670749
For Sale
1 / 11
$2,400,000
417 2Nd St, Williamsport, PA 17701
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Total area
19,200 SF
Lot
1.94 ac (84,506 SF)
Zoning code
IND
APN
65+,006.0-0103.00-000+
UPID
US73-3670749
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
$2.10M
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.88M
Owner & transaction history
Ertel Associates INC · 7 yrs held
Ertel Associates INC
since 2018
5 recorded transactions
Zoning & alternative use
IND · Williamsport, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.6M
+142.6%
Commercial (general)
$2.4M
+129.7%
Office building
$2.1M
+100.7%
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 Williamsport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Williamsport 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%
$2,265,000
6.5%
$2,095,000
7%
$1,945,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,570,000
Change: +143% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,435,000
Change: +130% · Conversion: Difficult
OFFICE BUILDING
$2,125,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,640,000
Change: +55% · Conversion: Easy
Blend value · Realmo final
$1.88M
Range $1.69M – $2.07M · ±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
$98 / 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
$42,688
Tax year 2024
Assessed value
$1,055,060
Assessed 2024
Previous assessed
$1,055,060
+0.0% YoY
Effective rate
4.05%
On assessed value
Assessed land
$116,400
Assessed improvement
$938,660
Land market value
$116,400
Improvement market value
$938,660
Total market value
$1,055,060
Applied tax rate
65.0000
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
For Sale
Year built
1968
Heating
NONE
Total area
19,200 SF
Lot
1.94 ac (84,506 SF)
Zoning code
IND
APN
65+,006.0-0103.00-000+
UPID
US73-3670749
Jurisdiction
LYCOMING
Zoning & alternative use
IND · Williamsport, PA
Zoning IND · permitted uses
IND · Williamsport, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Williamsport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1968
Heating
NONE
Lot
1.94 ac
Current owner
From public records · entity-resolved
Ertel Associates INC
Entity
Mailing address
301 CHARLES ST, SOUTH WILLIAMSPORT, PA 17702-7428
Ownership since
2018
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
Sep 12, 2022
—
Ertel Associates INC
—
Deed
related
$900,000 · Woodlands Bank
Nov 25, 2019
—
Ertel Associates INC
—
Deed
related
$300,000 · Woodlands Bank
Dec 21, 2018
—
Ertel Associates INC
Ertel Associates INC
Intrafamily Transfer
related
—
Mar 9, 2018
—
Ertel Associates INC
—
Deed
related
$1,584,000 · Woodlands Bank
Aug 17, 2005
—
Ertel Associates INC
Ertel Associates INC
Intrafamily Transfer
related
—
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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