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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Garden apartment buildings
853 Londonderry Blvd, Palmyra, PA 17078-3535
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-3346151
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1975
Total area
5,618 SF
Lot
0.47 ac (20,473 SF)
APN
28-2295744-355354-0000
UPID
US73-3346151
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
$740k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$795k
Owner & transaction history
Alvin L Zimmerman · 1 yrs held
Alvin L Zimmerman
since 2025
Last sale
$875,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$855,000
+102.8%
Auto repair, garage
$695,000
+64.2%
Medical building
$650,000
+54.3%
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 Palmyra submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmyra 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
$755,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$665,000
Alternative Use
Use
Estimation
RESTAURANT
$855,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$650,000
Change: +54% · Conversion: Moderate
RETAIL STORES
$520,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $875k (Mar 14 2025)
Last sale anchor
$875k
Mar 14 2025
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
$142 / 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
$7,230
Tax year 2024
Assessed value
$317,700
Assessed 2024
Previous assessed
$317,700
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$58,400
Assessed improvement
$259,300
Land market value
$59,958
Improvement market value
$266,221
Total market value
$326,179
Applied tax rate
6.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1975
Heating
NONE
Stories
1
Total area
5,618 SF
Lot
0.47 ac (20,473 SF)
APN
28-2295744-355354-0000
UPID
US73-3346151
Jurisdiction
LEBANON
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
RESTAURANT
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$695,000
MEDICAL BUILDING
Est. value
$650,000
RETAIL STORES
Est. value
$520,000
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1975
Heating
NONE
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Alvin L Zimmerman
Individual
Mailing address
1522 W KINGS HWY, GAP, PA 17527-9009
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
$875,000
Alvin L Zimmerman
Sunset Realty Holdings LLC
Deed
$700,000 · The Ephrata National Bank
Jan 29, 2025
—
Sunset Realty Holdings LLC
—
Deed
related
$130,000 · Jason R Kline
Jun 11, 2021
—
Sunset Ralty Holdig LLC
—
Deed
related
$95,500 · Univest Bank & Trust Co
Jun 3, 2020
—
Sunset Realty Holdings LLC
—
Deed
related
$210,000 · Univest Bank & Trust Co
Aug 4, 2014
$325,000
Sunset Realty Holdings LLC
Dorothy E Starner
Deed
$243,750 · 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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