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Property profile & analytics
OFF-MARKET
Estimated value
$3,970,000
Apartment buildings
625 Spg St Middletown, PA 17057-1926
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US73-3428347
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Total area
33,456 SF
Lot
9.11 ac (396,832 SF)
APN
42-020-001
UPID
US73-3428347
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
$4.10M
Comparable Approach
Comparable
$5.23M
Blend (final)
Blend
$3.97M
Owner & transaction history
Spring Street Property LP · 12 yrs held
Spring Street Property LP
since 2013
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.5M
+79.1%
Auto repair, garage
$5.4M
+75.8%
Retail stores
$4.9M
+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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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%
$4,435,000
6.5%
$4,095,000
7%
$3,800,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,095,000
Current use
MEDICAL BUILDING
$5,540,000
Change: +79% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,440,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$4,855,000
Change: +57% · Conversion: Difficult
RESTAURANT
$4,720,000
Change: +53% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,505,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,255,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$3.97M
Range $3.57M – $4.37M · ±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
$119 / 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
$429,251
Tax year 2023
Assessed value
$10,411,900
Assessed 2024
Previous assessed
$10,411,900
+0.0% YoY
Effective rate
4.12%
On assessed value
Assessed land
$683,300
Assessed improvement
$9,728,600
Land market value
$683,300
Improvement market value
$9,728,600
Total market value
$10,411,900
Applied tax rate
40.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2015
Heating
YES
Cooling
YES
Buildings
3
Total area
33,456 SF
Lot
9.11 ac (396,832 SF)
APN
42-020-001
UPID
US73-3428347
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
$3.1M
MEDICAL BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.4M
RETAIL STORES
Est. value
$4.9M
RESTAURANT
Est. value
$4.7M
INDUSTRIAL (GENERAL)
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (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
2015
Heating
YES
Cooling
Yes
Buildings
3
Lot
9.11 ac
Current owner
From public records · entity-resolved
Spring Street Property LP
Entity
Mailing address
625 N SPG ST, MIDDLETOWN, PA 17057-1926
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Dec 14, 2015
—
Spring Street Property LP
—
Deed Of Trust
related
$1,750,000 · Fulton Bk
Sep 25, 2014
—
Spring Street Property LP
—
Grant Deed
related
$2,557,782 · Fulton Bk
Jul 15, 2014
—
Spring Street Property LP
—
Grant Deed
related
$25,000,000 · Fulton Bk
Oct 7, 2013
$2,829,000
Spring Street Property LP
Middletown Cemetery Assn
Warranty Deed
$1,838,850 · First National Bank Of Pennsylvanni
—
—
Spring Street Property LP
—
Deed Of Trust
related
$300,000 · Fulton Bk
—
—
Spring Street Property LP
—
Deed Of Trust
related
$1,240,000 · Fulton Bk
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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