Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Warehouses
440 Schaeffer Rd Lebanon, PA 17042-9741
Entity Owned
Free & Clear
Property ID
US73-3485492
Property summary
AI-generated overview
This single-tenant industrial property in Lebanon, PA, offers 43,885 square feet of versatile warehouse and flex space. Built in 1980, the one-story building sits on 9.8 acres and features five loading docks, one drive-in door, and 25 parking spaces. Ceiling heights vary between 15 and 22 feet, and the property boasts a 1200-amp electrical service. The INDUSTRIAL zoning allows for a wide range of uses, including warehousing, wholesaling and storage, trucking, transit facilities, auto body shops, repair garages, lumber distribution, and industrial office space. The property's ample space and convenient location make it an ideal choice for businesses seeking efficient and functional warehouse or flex space in Lebanon County. The asking lease rate is $7.95 per square foot, modified gross (NNN). This exceptional property presents a significant opportunity for businesses seeking to establish or expand their operations in a thriving industrial area. The address is 440 Schaeffer Rd, Lebanon, PA 17042.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
41,308 SF
Lot
4.9 ac (213,444 SF)
APN
30-2352073-350392-0000
UPID
US73-3485492
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
$2.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$2.40M
Owner & transaction history
Schaeffer Road LLC
Schaeffer Road LLC
since 2025
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.8M
+28.4%
Office building
$3.4M
+13.3%
Apartment house (5+ units)
$3.1M
+4.1%
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
$1,890,000
ML approach
$2,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,985,000
Current use
RETAIL STORES
$3,830,000
Change: +28% · Conversion: Moderate
OFFICE BUILDING
$3,380,000
Change: +13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,105,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,690,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.49M (Jan 25 2021)
Last sale anchor
$2.49M
Jan 25 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
$58 / 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
$20,726
Tax year 2024
Assessed value
$926,000
Assessed 2024
Previous assessed
$926,000
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$381,200
Assessed improvement
$544,800
Land market value
$391,375
Improvement market value
$559,342
Total market value
$950,717
Applied tax rate
2.0000
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
2000
Heating
NONE
Stories
1
Total area
41,308 SF
Lot
4.9 ac (213,444 SF)
APN
30-2352073-350392-0000
UPID
US73-3485492
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
WAREHOUSE, STORAGE Current
Est. value
$3.0M
RETAIL STORES
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.7M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2000
Heating
NONE
Stories
1
Lot
4.9 ac
Current owner
From public records · entity-resolved
Schaeffer Road LLC
Entity
Free & Clear · 0 yrs held
Mailing address
330 CRST RDR RD, LEBANON, PA 17042
Ownership since
2025
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
Aug 29, 2025
—
Schaeffer Road LLC
Schaeffer Road LLC
Deed
related
—
Jul 9, 2025
$3,100,000
Schaeffer Road LLC
Jkl Real Estate Holdings LLC
Deed
$2,480,000 · Orrstown Bank
Jan 27, 2025
—
Jkl Real Estate Holdings LLC
—
Deed
related
$8,500,000 · Fulton Bank NA
Jan 25, 2021
$2,490,000
Jkl Real Estate Holdings LLC
Bridge Properties LLC
Deed
$1,992,000 · Fulton Bank
—
—
Bridge Properties LLC
—
Deed Of Trust
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?”
You own 440 Schaeffer Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
