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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Apartment buildings
516 Willow St Highspire, PA 17034-1536
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0169300
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
FRAME
Total area
8,512 SF
Lot
1.3 ac (56,628 SF)
APN
30-023-068
UPID
US73-0169300
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
$1.23M
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.25M
Owner & transaction history
N & R Properties LLC · 3 yrs held
N & R Properties LLC
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+79.1%
Auto repair, garage
$1.4M
+75.8%
Retail stores
$1.2M
+57.0%
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 Highspire submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highspire 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
$1,370,000
ML approach
$1,225,000
CAP Approach
CAP Return
Estimation
6%
$1,130,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$785,000
Current use
MEDICAL BUILDING
$1,410,000
Change: +79% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,385,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$1,235,000
Change: +57% · Conversion: Difficult
RESTAURANT
$1,200,000
Change: +53% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$890,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.40M (Oct 10 2022)
Last sale anchor
$1.40M
Oct 10 2022
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
$146 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$23,178
Tax year 2023
Assessed value
$431,600
Assessed 2024
Previous assessed
$431,600
+0.0% YoY
Effective rate
5.37%
On assessed value
Assessed land
$118,900
Assessed improvement
$312,700
Land market value
$118,900
Improvement market value
$312,700
Total market value
$431,600
Applied tax rate
30.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1968
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
8,512 SF
Lot
1.3 ac (56,628 SF)
APN
30-023-068
UPID
US73-0169300
Jurisdiction
DAUPHIN
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
$785,000
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$890,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
INDUSTRIAL (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
1968
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.3 ac
Current owner
From public records · entity-resolved
N & R Properties LLC
Entity
Mailing address
160 S PROGRESS AVE STE 1C, HARRISBURG, PA 17109-4636
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2022
$1,400,000
N & R Properties LLC
Murphy Rentals INC
Deed
$1,120,000 · Belco Community Cu
Mar 21, 2017
—
Murphy Rentals INC
—
Deed
related
$600,000 · Union Community Bank
Dec 7, 2006
$463,000
Murphy Rentals INC
Dorsheimer,dan G
Grant Deed
—
Dec 8, 2005
—
Dan G Dorsheimer
—
Deed Of Trust
related
$1,250,000 · Community Bank NA
Jun 9, 2005
—
Dan G Dorsheimer
Dorsheimer,dan G
Quit Claim Deed
related
—
—
—
Dan G Dorsheimer
—
Deed Of Trust
related
$200,000 · Community Bank NA
—
—
Dorsheimer,dan G
—
Deed Of Trust
related
$1,250,000 · Community Bk
—
—
Murphy Rentals INC
—
Deed Of Trust
related
$325,000 · Integrity 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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