Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Flex space
500 Industrial Dr Lewisberry, PA 17339-9595
Individually Owned
~
Est. High Equity
Property ID
US73-2631361
Property summary
AI-generated overview
This 14,384-square-foot industrial property in Lewisberry, Pennsylvania, offers a versatile blend of warehouse and office space. Situated on a 1.5-acre lot in an established industrial park, this Class C building boasts 9,874 square feet of warehouse space and 4,510 square feet of office space. The property features two interior and two exterior docks, providing convenient loading and unloading capabilities. Built in 1974, the building is zoned IB - Industrial Business, allowing for a variety of uses. The asking price is $1,495,000, translating to $103.93 per square foot. The property's location offers easy access to I-83, enhancing its logistical advantages. There's potential for renovation
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1974
Total area
15,174 SF
Lot
1.5 ac (65,340 SF)
Zoning code
LI
APN
27-000-QG-0127.F0-00000
UPID
US73-2631361
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
$1.36M
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.25M
Owner & transaction history
Paul T Ousey
Paul T Ousey
since 2026
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
LI · Lewisberry, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+119.8%
Medical building
$1.7M
+103.2%
Auto repair, garage
$1.6M
+89.2%
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 Lewisberry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lewisberry 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%
$1,475,000
6.5%
$1,360,000
7%
$1,265,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$820,000
Current use
RESTAURANT
$1,805,000
Change: +120% · Conversion: Difficult
MEDICAL BUILDING
$1,670,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,555,000
Change: +89% · Conversion: Easy
WAREHOUSE, STORAGE
$1,355,000
Change: +65% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,275,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$1,235,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$1,160,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Feb 24 2026)
Last sale anchor
$1.25M
Feb 24 2026
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
$82 / 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
$12,917
Tax year 2024
Assessed value
$521,010
Assessed 2024
Previous assessed
$521,010
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$101,930
Assessed improvement
$419,080
Land market value
$101,930
Improvement market value
$419,080
Total market value
$521,010
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
15,174 SF
Lot
1.5 ac (65,340 SF)
Zoning code
LI
APN
27-000-QG-0127.F0-00000
UPID
US73-2631361
Jurisdiction
YORK
Zoning & alternative use
LI · Lewisberry, PA
Zoning LI · permitted uses
LI · Lewisberry, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lewisberry. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$820,000
RESTAURANT
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Paul T Ousey
Individual
Mailing address
2055 S TRACY HALL PKWYH, PROVO, UT 84606-6224
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
$1,250,000
Paul T Ousey
Ray A Crosby
Deed
$1,000,000 · Ray A Crosby Etal
Jul 2, 2008
$646,000
Ray A Crosby
Ag Mauro
Grant Deed
$496,000 · Ag Mauro Co
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 500 Industrial Dr?
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.
