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Property profile & analytics
OFF-MARKET
Estimated value
$2,490,000
Office buildings
802 Far Hls Dr, New Freedom, PA 17349-8428
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2775101
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
20,000 SF
Lot
4.29 ac (186,872 SF)
Zoning code
I
APN
32-000-CJ-0037.S0-00000
UPID
US73-2775101
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
$2.24M
Blend (final)
Blend
$2.49M
Owner & transaction history
Tbbgl Properties INC · 3 yrs held
Tbbgl Properties INC
since 2023
5 recorded transactions
Zoning & alternative use
I · New Freedom, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+46.1%
Medical building
$2.2M
+35.0%
Auto repair, garage
$2.1M
+25.7%
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 Freedom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Freedom 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
OFFICE BUILDING
$1,630,000
Current use
RESTAURANT
$2,380,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$2,200,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,050,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,790,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,680,000
Change: +3% · Conversion: Easy
RETAIL STORES
$1,525,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$2.49M
Range $2.24M – $2.74M · ±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
$125 / 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
$50,432
Tax year 2024
Assessed value
$1,717,700
Assessed 2024
Previous assessed
$1,717,700
+0.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$145,780
Assessed improvement
$1,571,920
Land market value
$145,780
Improvement market value
$1,571,920
Total market value
$1,717,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Total area
20,000 SF
Lot
4.29 ac (186,872 SF)
Zoning code
I
APN
32-000-CJ-0037.S0-00000
UPID
US73-2775101
Jurisdiction
YORK
Zoning & alternative use
I · New Freedom, PA
Zoning I · permitted uses
I · New Freedom, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Freedom. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2001
Heating
FORCED AIR
Cooling
Yes
Lot
4.29 ac
Current owner
From public records · entity-resolved
Tbbgl Properties INC
Entity
Mailing address
802 FAR HLS DR, NEW FREEDOM, PA 17349-8428
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2023
—
Tbbgl Properties INC
—
Deed
related
$200,000 · Pnc Bank NA
Apr 22, 2022
—
Tbbgl Properties INC
—
Deed
related
$1,000,000 · Pnc Bank NA
Jan 29, 2013
—
Tbbgl Properties INC
—
Deed Of Trust
related
$1,100,000 · Pnc Bank
—
—
Tbbgl Properties INC
—
Deed Of Trust
related
$5,270,000 · Pnc Bk
—
—
Tbbgl Properties INC
—
Deed Of Trust
related
$1,100,000 · Pnc 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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