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Property profile & analytics
FOR LEASE
Hotels
604 Station Rd Grantville, PA 17028
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-1041967
For Lease
Contact for pricing
604 Station Rd, Grantville, PA 17028
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1975
Total area
131,196 SF
Lot
8.53 ac (371,567 SF)
APN
25-007-027
UPID
US73-1041967
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
-
Great American Grille Restaurant
-
Winner's Circle Saloon Restaurant
-
ATM Atm
-
The Venue at 604 Catering Service Take-out & Catering
-
Laughing Stock Comedy Club Nightclub Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.87M
CAP Approach
CAP
$15.19M
Comparable Approach
Comparable
$12.21M
Blend (final)
Blend
$11.44M
Owner & transaction history
Baidwan Group LLC · 3 yrs held
Baidwan Group LLC
since 2022
Last sale
$11.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Grantville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grantville 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
$11,020,000
ML approach
$7,870,000
CAP Approach
CAP Return
Estimation
6%
$16,450,000
6.5%
$15,185,000
7%
$14,100,000
Alternative Use
Use
Estimation
RETAIL STORES
$19,040,000
Change: -11% · Conversion: Difficult
RESTAURANT
$18,505,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$11.44M
Range $10.29M – $12.58M · ±10% · vs last sale $11.25M (Nov 28 2022)
Last sale anchor
$11.25M
Nov 28 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
$87 / 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
$110,627
Tax year 2023
Assessed value
$4,165,800
Assessed 2024
Previous assessed
$4,541,600
-8.3% YoY
Effective rate
2.66%
On assessed value
Assessed land
$1,622,000
Assessed improvement
$2,543,800
Land market value
$1,622,000
Improvement market value
$2,543,800
Total market value
$4,165,800
Applied tax rate
25.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
For Lease
Year built
1975
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
131,196 SF
Lot
8.53 ac (371,567 SF)
APN
25-007-027
UPID
US73-1041967
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
RETAIL STORES
Est. value
$19.0M
RESTAURANT
Est. value
$18.5M
RETAIL STORES
RESTAURANT
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
1975
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
8.53 ac
Current owner
From public records · entity-resolved
Baidwan Group LLC
Entity
Mailing address
604 STA RD, GRANTVILLE, PA 17028-9154
Mailing matches property
Yes
Owner-occupied
Yes
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
Sep 5, 2024
—
Baidwan Group LLC
—
Deed
related
$11,120,614 · The Dime Bank
May 23, 2023
—
Baidwan Group LLC
—
Deed
related
$13,500 · North Avenue Capital LLC
Nov 28, 2022
$11,250,000
Baidwan Group LLC
Harrisburg Hershey Hotel LLC
Deed
$13,500,000 · Veritex Community Bank
Dec 11, 2018
$7,950,000
Harrisburg Hershey Hotel LLC
Mam-grantville Hotel Owner LLC
Grant Deed
—
Jul 21, 2017
$11,600,000
Mam-grantville Hotel Owner LLC
New Penn Hospitality Assocs LP
Grant Deed
—
Jun 16, 2011
—
New Penn Hospitality Assocs LP
—
Deed Of Trust
related
$34,995,000 · Us Bank NA Series 2003-c8 (ce)
—
—
New Penn Hospitality Assocs LP
—
Deed Of Trust
related
$22,500,000 · Mam-new Penn Hospitality Lende
—
—
New Penn Hospitality Assocs
—
Deed Of Trust
related
$34,995 · Ubs R/e Invs
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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