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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Manufacturing properties
429 Hess Rd Leola, PA 17540-9518
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2431512
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1988
Construction
FRAME
Total area
7,680 SF
Lot
12.28 ac (534,917 SF)
Zoning code
A
APN
360-04963-0-0000
UPID
US73-2431512
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
Current use
Occupant on record · Public records
-
Millcreek Structures Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
Amos B Lantz JR · 4 yrs held
Amos B Lantz JR
since 2022
5 recorded transactions
Zoning & alternative use
A · Leola, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$975,000
+30.9%
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 Leola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leola 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
$400,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$610,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$745,000
Current use
WAREHOUSE, STORAGE
$975,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$79 / 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
$16,798
Tax year 2024
Assessed value
$840,600
Assessed 2024
Previous assessed
$840,600
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$260,500
Assessed improvement
$580,100
Land market value
$260,500
Improvement market value
$580,100
Total market value
$840,600
Applied tax rate
360.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Rooms
7
Bathrooms
6
Total area
7,680 SF
Lot
12.28 ac (534,917 SF)
Zoning code
A
APN
360-04963-0-0000
UPID
US73-2431512
Jurisdiction
LANCASTER
Zoning & alternative use
A · Leola, PA
Zoning A · permitted uses
A · Leola, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leola. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$975,000
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1988
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Rooms
7
Bathrooms
6
Lot
12.28 ac
Current owner
From public records · entity-resolved
Amos B Lantz JR
Individual
Mailing address
423 HESS RD, LEOLA, PA 17540-9518
Ownership since
2022
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
May 5, 2022
—
Amos B Lantz JR
Katie D Lantz
Intrafamily Transfer
related
$999,560 · Amos B Lantz JR Etux
May 26, 2017
—
Amos B Lantz JR
Lantz,amos B JR & Linda
Quit Claim Deed
related
—
Aug 18, 2016
—
Amos B Lantz JR
—
Deed
related
$300,000 · Bank Of Bird-in-hand
—
—
Amos B Lantz JR
—
Deed Of Trust
related
$300,000 · Bank Of Bird-in-hand
—
—
Amosb Lantz
—
Deed Of Trust
related
$350,000 · Hometowne Heritage 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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