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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Warehouses
661 Grings Hl Rd, Sinking Spring, PA 19608-2007
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-2116568
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1990
Total area
10,800 SF
Lot
10.55 ac (459,558 SF)
APN
4385-10-27-8134
UPID
US73-2116568
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
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.10M
Owner & transaction history
Storage World LLC · 6 yrs held
Storage World LLC
since 2020
Last sale
$990,150
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+159.3%
Restaurant
$1.4M
+108.3%
Office building
$1.1M
+57.3%
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 Sinking Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sinking Spring 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
$1,105,000
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$690,000
Current use
MEDICAL BUILDING
$1,790,000
Change: +159% · Conversion: Difficult
RESTAURANT
$1,440,000
Change: +108% · Conversion: Difficult
OFFICE BUILDING
$1,085,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,015,000
Change: +47% · Conversion: Easy
COMMERCIAL (GENERAL)
$710,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $990k (Feb 6 2020)
Last sale anchor
$990k
Feb 6 2020
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
$102 / 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
$8,213
Tax year 2024
Assessed value
$615,000
Assessed 2024
Previous assessed
$615,000
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$206,800
Assessed improvement
$408,200
Land market value
$206,800
Improvement market value
$408,200
Total market value
$615,000
Applied tax rate
80.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Heating
NONE
Buildings
2
Stories
1
Total area
10,800 SF
Lot
10.55 ac (459,558 SF)
APN
4385-10-27-8134
UPID
US73-2116568
Jurisdiction
BERKS
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
WAREHOUSE, STORAGE Current
Est. value
$690,000
MEDICAL BUILDING
Est. value
$1.8M
RESTAURANT
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$710,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1990
Heating
NONE
Stories
1
Buildings
2
Lot
10.55 ac
Current owner
From public records · entity-resolved
Storage World LLC
Entity
Mailing address
1 CARAMIST DR, SINKING SPRING, PA 19608-8100
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2023
—
Storage World LLC
—
Deed
related
$10,000 · Customers Bank
Apr 21, 2022
—
Storage World LLC
—
Deed
related
$10,000 · Customers Bank
Sep 8, 2021
—
Carola Brieann
—
Deed
related
$996,000 · Fulton Bank NA
May 28, 2021
—
Storage World LLC
—
Deed
related
$2,000,000 · Customers Bank
Feb 6, 2020
$990,150
Storage World LLC
David A Greth
Deed
—
Oct 15, 2018
—
David A Greth
—
Deed
related
$300,000 · Customers Bank
Feb 21, 2017
—
David A Greth
—
Deed
related
$6,500,000 · Customers Bk
Jan 27, 2017
—
David A Greth
—
Deed
related
$350,000 · Customers Bk
Jun 16, 2016
—
David A Greth
—
Deed
related
$465,000 · Customers Bk
May 7, 2014
—
Greth,david A
—
Grant Deed
related
$1,150,000 · Customers Bk
Dec 10, 2012
—
David A Greth
—
Deed Of Trust
related
$12,200,000 · Customers Bank
Apr 18, 2007
—
David A Greth
—
Deed Of Trust
related
$2,800,000 · Communitybanks
—
—
David A Greth
—
Loan Modification
related
$250,000 · Customers Bk
—
—
David A Greth
—
Loan Modification
related
$350,000 · Customers Bk
—
—
David A Greth
—
Deed Of Trust
related
$6,500,000 · Customers Bk
—
—
Greth,david A
—
Deed Of Trust
related
$775,000 · Blue Ball Nat'l Bk
—
—
David A Greth
—
Deed Of Trust
related
$350,000 · Blue Ball National Bank
—
—
David A Greth
—
Deed Of Trust
related
$465,000 · Customers Bk
—
—
David A Greth
—
Deed Of Trust
related
$1,160,000 · Susquehanna Bank Pa
—
—
David A Greth
—
Deed Of Trust
related
$200,000 · Customers Bank
—
—
David A Greth
—
Deed Of Trust
related
$500,000 · Vist 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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