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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Manufacturing properties
620 Shirk Rd New Holland, PA 17557-9737
Individually Owned
1-yr Hold
Absentee Owner
Property ID
US73-1208114
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1977
Construction
STEEL FRAME
Total area
28,968 SF
Lot
8.36 ac (364,162 SF)
Zoning code
AG
APN
190-23193-0-0000
UPID
US73-1208114
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.77M
Owner & transaction history
Benuell Lapp · 1 yrs held
Benuell Lapp
since 2025
7 recorded transactions
Zoning & alternative use
AG · New Holland, PA
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 New Holland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Holland 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,810,000
Current use
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10%
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
$61 / 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
$24,504
Tax year 2024
Assessed value
$1,425,700
Assessed 2024
Previous assessed
$1,363,500
+4.6% YoY
Effective rate
1.72%
On assessed value
Assessed land
$298,800
Assessed improvement
$1,126,900
Land market value
$298,800
Improvement market value
$1,126,900
Total market value
$1,425,700
Applied tax rate
190.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
7
Stories
1
Units
1
Rooms
8
Bathrooms
7
Total area
28,968 SF
Lot
8.36 ac (364,162 SF)
Zoning code
AG
APN
190-23193-0-0000
UPID
US73-1208114
Jurisdiction
LANCASTER
Zoning & alternative use
AG · New Holland, PAZoning AG · permitted uses
AG · New Holland, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance Final 1
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
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
1977
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Units
1
Rooms
8
Bathrooms
7
Lot
8.36 ac
Current owner
From public records · entity-resolved
Benuell Lapp
Individual
Mailing address
622 N SHIRK RD, NEW HOLLAND, PA 17557-9737
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2025
—
Benuell Lapp
John K Lapp JR
Deed
related
$740,000 · John K Lapp Etux
Oct 16, 2023
—
John K Lapp JR
—
Deed
related
$255,000 · Bank Of Bird In Hand
Jan 4, 2023
—
John K Lapp JR
—
Deed
related
$850,000 · Bank Of Bird In Hand
Oct 26, 2021
—
John K Lapp JR
—
Deed
related
$750,000 · Bank Of Bird In Hand
Feb 20, 2013
—
John K Lapp JR.
—
Trustees Deed
related
$100,000 · Coatesville Savings Bank
Jan 20, 2012
$25,000
Reuben B Lapp
Lapp,john K JR & Sally F
Grant Deed
related
—
—
—
John K Lapp JR.
—
Deed Of Trust
related
$1,400,000 · Susquehanna Bank
—
—
John K Lapp JR.
—
Deed Of Trust
related
$250,000 · Susquehanna 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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