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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Commercial real estate
616 Hite Rd Harwick, PA 15049-8945
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2583366
Property summary
AI-generated overview
This 85,400 square foot light industrial warehouse in Harwick, Pennsylvania, presents a compelling investment opportunity. Located at 616 Hite Rd, 15049, this Class B building boasts 100% occupancy under a 10-year absolute triple-net (NNN) lease with a single, nationally recognized tenant, Curtiss-Wright. The lease, initiated in June 2024, extends through 2034 and includes two five-year extension options, providing long-term stability and predictable cash flow. Built in 1970, the property features 7 loading docks, 3 drive-ins, and 16-foot ceilings, along with ample parking (50 spaces). The tenant has made significant improvements, including a private connector road linking the property to the adjacent Curtiss-Wright Electro-Mechanical Division (EMD) facility at 1000 Wright Way, ensuring seamless campus integration. The property benefits from convenient access to Route 28. Curtiss-Wright, a $7 billion global company, occupies the building and its adjacent facility. This presents a rare opportunity to acquire a fully leased, strategically located industrial asset with a strong, creditworthy tenant and significant long-term growth potential.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.83 ac (36,267 SF)
APN
625-F-62
UPID
US73-2583366
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
-
Watson Standard Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
Six 616 Hite Rd L L C · 4 yrs held
Six 616 Hite Rd L L C
since 2022
Last sale
$1.7M
6 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 Harwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harwick 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
$1,745,000
ML approach
$1,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±10% · vs last sale $1.72M (May 4 2022)
Last sale anchor
$1.72M
May 4 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
—
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
$2,007
Tax year 2024
Assessed value
$62,600
Assessed 2024
Previous assessed
$55,000
+13.8% YoY
Effective rate
3.21%
On assessed value
Assessed land
$52,000
Assessed improvement
$10,600
Land market value
$52,000
Improvement market value
$10,600
Total market value
$62,600
Applied tax rate
948.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.83 ac (36,267 SF)
APN
625-F-62
UPID
US73-2583366
Jurisdiction
ALLEGHENY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.83 ac
Current owner
From public records · entity-resolved
Six 616 Hite Rd L L C
Individual
Mailing address
PO BOX 636, EDISON, NJ 08818-0636
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2025
—
616 Hite Road L L C
—
Deed
related
$1,000,000 · Urgent Help L L C
Aug 12, 2024
—
616 Hite Road L L C
—
Deed
related
$6,300,000 · Neg Financing 4 L L C
Jul 21, 2022
—
Six 616 Hite Rd L L C
—
Deed
related
$750,000 · 3rd Party Individual
May 4, 2022
$1,716,075
Six 616 Hite Rd L L C
Pittsburgh Tolling Company
Special Warranty Deed
$2,950,000 · P S G Lending L L C
Aug 10, 2018
—
Watson Standard Co
—
Deed
related
$10,000,000 · Pnc Bk Natl Assn
—
—
Watson Standard Co
—
Deed Of Trust
related
$10,000,000 · Pnc Bk Natl Assn
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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