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Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Manufacturing properties
848 Hemlock Rd Morgantown, PA 19543-8893
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US73-0502193
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2007
Total area
31,520 SF
Lot
6.7 ac (291,852 SF)
APN
5320-04-62-7674
UPID
US73-0502193
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
$2.83M
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.08M
Owner & transaction history
Barnes Associates I · 18 yrs held
Barnes Associates I
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.4M
+100.5%
Office building
$3.1M
+82.5%
Restaurant
$2.8M
+67.5%
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 Morgantown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morgantown 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%
$3,065,000
6.5%
$2,830,000
7%
$2,625,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,680,000
Current use
AUTO REPAIR, GARAGE
$3,370,000
Change: +100% · Conversion: Easy
OFFICE BUILDING
$3,070,000
Change: +83% · Conversion: Difficult
RESTAURANT
$2,815,000
Change: +68% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,215,000
Change: +32% · Conversion: Easy
RETAIL STORES
$2,085,000
Change: +24% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,050,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±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
$66 / 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
$27,159
Tax year 2024
Assessed value
$2,508,500
Assessed 2024
Previous assessed
$2,508,500
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$368,200
Assessed improvement
$2,140,300
Land market value
$368,200
Improvement market value
$2,140,300
Total market value
$2,508,500
Applied tax rate
35.0000
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
2007
Heating
NONE
Buildings
2
Stories
2
Total area
31,520 SF
Lot
6.7 ac (291,852 SF)
APN
5320-04-62-7674
UPID
US73-0502193
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.1M
RESTAURANT
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.1M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
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
2007
Heating
NONE
Stories
2
Buildings
2
Lot
6.7 ac
Current owner
From public records · entity-resolved
Barnes Associates I
Entity
Mailing address
851 HEMLOCK RD BUSINESS PARK, MORGANTOWN, PA 19543
Ownership since
2007
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
Jul 12, 2023
—
Barnes Associates
—
Deed
related
$2,000,000 · Customers Bank
Jun 28, 2017
—
Barnes Associates-i
—
Grant Deed
related
$3,579,279 · Customers Bk
May 11, 2016
—
Barnes Associates I
—
Deed
related
$7,724,000 · Customers Bank
Nov 13, 2007
—
Barnes Associates I
Henrietta Hankin
Special Warranty Deed
$4,000,000 · Wilmington Trust Of Pennsylvania
—
—
Barnes Associates I
—
Deed Of Trust
related
$700,000 · Customers Bank
—
—
Barnes Associates I
—
Deed Of Trust
related
$6,200,000 · Customers Bank
—
—
Barnes Associates I
—
Deed Of Trust
related
$5,000,000 · Customers Bank
—
—
Barnes Associates I
—
Deed Of Trust
related
$7,724,000 · Customers 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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